American Superconductor Co. (NASDAQ:AMSC) – Investment analysts at Oppenheimer increased their FY2018 EPS estimates for shares of American Superconductor in a research report issued on Tuesday. Oppenheimer analyst C. Rusch now anticipates that the technology company will earn ($1.89) per share for the year, up from their prior estimate of ($2.06). Oppenheimer also issued estimates for American Superconductor’s Q4 2018 earnings at ($0.31) EPS, FY2019 earnings at ($0.79) EPS and FY2020 earnings at $0.02 EPS.
A number of other brokerages also recently weighed in on AMSC. B. Riley reiterated a “hold” rating and set a $6.00 price target on shares of American Superconductor in a report on Thursday, January 25th. Zacks Investment Research cut American Superconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $6.72.
American Superconductor (NASDAQ:AMSC) last issued its earnings results on Monday, February 5th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.17. American Superconductor had a negative return on equity of 60.92% and a negative net margin of 65.96%. The business had revenue of $14.90 million for the quarter, compared to analysts’ expectations of $17.19 million. During the same period in the previous year, the firm posted ($0.21) EPS. The company’s quarterly revenue was down 45.0% on a year-over-year basis.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GMT Capital Corp acquired a new stake in American Superconductor during the third quarter valued at $141,000. Dimensional Fund Advisors LP lifted its position in shares of American Superconductor by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 37,496 shares of the technology company’s stock worth $173,000 after buying an additional 2,600 shares during the last quarter. Wedbush Securities Inc. acquired a new stake in shares of American Superconductor in the third quarter worth about $210,000. Ardsley Advisory Partners lifted its position in shares of American Superconductor by 413.3% in the second quarter. Ardsley Advisory Partners now owns 1,390,000 shares of the technology company’s stock worth $6,436,000 after buying an additional 1,119,200 shares during the last quarter. Finally, AWM Investment Company Inc. lifted its position in shares of American Superconductor by 22.7% in the second quarter. AWM Investment Company Inc. now owns 1,519,124 shares of the technology company’s stock worth $7,018,000 after buying an additional 280,879 shares during the last quarter. 28.91% of the stock is owned by hedge funds and other institutional investors.
American Superconductor Company Profile
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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