American Superconductor (NASDAQ:AMSC) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of American Superconductor (NASDAQ:AMSC – Get Rating) from a sell rating to a hold rating in a research note released on Wednesday.

Separately, Oppenheimer lowered their price target on American Superconductor from $14.00 to $13.00 and set an outperform rating for the company in a research report on Friday, February 3rd.

American Superconductor Price Performance

American Superconductor stock opened at $4.27 on Wednesday. American Superconductor has a fifty-two week low of $3.20 and a fifty-two week high of $9.36. The stock has a fifty day moving average of $5.28 and a two-hundred day moving average of $4.54.

Institutional Investors Weigh In On American Superconductor

Institutional investors and hedge funds have recently modified their holdings of the stock. Dark Forest Capital Management LP acquired a new position in American Superconductor during the fourth quarter worth $27,000. UBS Group AG boosted its holdings in American Superconductor by 28.6% during the fourth quarter. UBS Group AG now owns 10,986 shares of the technology company’s stock valued at $40,000 after acquiring an additional 2,445 shares during the period. AQR Capital Management LLC bought a new stake in American Superconductor during the second quarter valued at about $72,000. PDT Partners LLC boosted its holdings in American Superconductor by 58.7% during the fourth quarter. PDT Partners LLC now owns 21,177 shares of the technology company’s stock valued at $78,000 after acquiring an additional 7,833 shares during the period. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of American Superconductor in the second quarter valued at about $83,000. Institutional investors and hedge funds own 47.27% of the company’s stock.

About American Superconductor

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American Superconductor Corp. engages in provision of megawatt-scale power solutions, which improve the performance of the power grid and lower the cost of wind power. It operates through Grid and Wind segments. The Grid segment enables electric utilities and renewable energy project developers to connect, transmit, and distribute power with efficiency, reliability, security, and affordability.