American Superconductor Corporation (NASDAQ:AMSC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $5.25 price objective on the technology company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 14.63% from the stock’s current price.

According to Zacks, “American Superconductor Corporation is a leading energy technologies company. The company develops and sells a wide range of products and solutions based on power electronic systems and high temperature superconductor wires that dramatically improve the efficiency, reliability and quality of electricity during its generation, transmission, distribution and use. The company is a dominant force in alternative energy, offering grid interconnection solutions as well as licensed wind energy designs and electrical systems. As the world’s principal supplier of HTS wire, AMSC is enabling a new generation of compact, high-power electrical products, including power cables, grid-level surge protectors, motors, generators, and advanced transportation and defense systems. AMSC also provides utility and industrial customers worldwide with voltage regulation systems that dramatically enhance power grid capacity, reliability and security, as well as industrial productivity. “

Other analysts also recently issued reports about the company. FBR & Co reiterated a “buy” rating and set a $11.00 target price on shares of American Superconductor Corporation in a research report on Tuesday, July 4th. Cowen and Company restated a “buy” rating and issued a $6.00 price objective (down from $7.50) on shares of American Superconductor Corporation in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $7.04.

Shares of American Superconductor Corporation (NASDAQ AMSC) traded down 1.51% on Tuesday, hitting $4.58. The stock had a trading volume of 86,162 shares. The firm has a 50 day moving average of $4.17 and a 200 day moving average of $4.57. American Superconductor Corporation has a 12 month low of $2.89 and a 12 month high of $8.55. The stock’s market cap is $87.91 million.

American Superconductor Corporation (NASDAQ:AMSC) last posted its earnings results on Tuesday, August 8th. The technology company reported ($0.97) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.06) by $0.09. The company had revenue of $8.92 million for the quarter, compared to the consensus estimate of $8.46 million. American Superconductor Corporation had a negative return on equity of 54.39% and a negative net margin of 45.60%. American Superconductor Corporation’s quarterly revenue was down 33.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.64) earnings per share. On average, equities analysts forecast that American Superconductor Corporation will post ($2.24) earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the business. LMR Partners LLP acquired a new stake in American Superconductor Corporation during the second quarter worth about $169,000. Dimensional Fund Advisors LP increased its stake in American Superconductor Corporation by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 37,496 shares of the technology company’s stock worth $173,000 after acquiring an additional 2,600 shares during the last quarter. GMT Capital Corp acquired a new stake in American Superconductor Corporation during the first quarter worth about $213,000. Bank of New York Mellon Corp increased its stake in American Superconductor Corporation by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 83,720 shares of the technology company’s stock worth $575,000 after acquiring an additional 1,635 shares during the last quarter. Finally, PEAK6 Investments L.P. acquired a new stake in American Superconductor Corporation during the first quarter worth about $612,000. Institutional investors own 42.43% of the company’s stock.

About American Superconductor Corporation

American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.

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Analyst Recommendations for American Superconductor Corporation (NASDAQ:AMSC)

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