Rice Hall James & Associates LLC Sells 34,007 Shares of American Superconductor Corporation $AMSC

Rice Hall James & Associates LLC trimmed its holdings in shares of American Superconductor Corporation (NASDAQ:AMSC) by 35.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,724 shares of the technology company’s stock after selling 34,007 shares during the period. Rice Hall James & Associates LLC owned approximately 0.13% of American Superconductor worth $3,606,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Hsbc Holdings PLC boosted its position in shares of American Superconductor by 46.3% during the first quarter. Hsbc Holdings PLC now owns 25,430 shares of the technology company’s stock valued at $458,000 after buying an additional 8,051 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of American Superconductor during the 1st quarter valued at about $4,397,000. Panagora Asset Management Inc. boosted its holdings in shares of American Superconductor by 97.4% during the 1st quarter. Panagora Asset Management Inc. now owns 145,314 shares of the technology company’s stock valued at $2,636,000 after acquiring an additional 71,701 shares during the last quarter. Baird Financial Group Inc. grew its stake in shares of American Superconductor by 26.2% in the first quarter. Baird Financial Group Inc. now owns 85,766 shares of the technology company’s stock worth $1,556,000 after acquiring an additional 17,821 shares during the period. Finally, Royal Bank of Canada lifted its position in American Superconductor by 27.5% during the first quarter. Royal Bank of Canada now owns 26,190 shares of the technology company’s stock valued at $475,000 after purchasing an additional 5,647 shares during the period. Hedge funds and other institutional investors own 52.28% of the company’s stock.

American Superconductor Price Performance

NASDAQ:AMSC opened at $30.58 on Friday. American Superconductor Corporation has a one year low of $13.98 and a one year high of $70.49. The business has a fifty day moving average price of $39.07 and a 200-day moving average price of $45.32. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 82.65 and a beta of 2.97.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.05. The business had revenue of $65.86 million during the quarter, compared to analyst estimates of $67.23 million. American Superconductor had a return on equity of 6.48% and a net margin of 5.69%.American Superconductor’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 earnings per share. American Superconductor has set its Q3 2025 guidance at 0.140- EPS. On average, equities research analysts expect that American Superconductor Corporation will post 0.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AMSC shares. Oppenheimer reaffirmed an “outperform” rating on shares of American Superconductor in a research report on Thursday, November 6th. Wall Street Zen upgraded American Superconductor from a “hold” rating to a “buy” rating in a research note on Sunday, December 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Superconductor in a research report on Monday, December 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

American Superconductor Profile

American Superconductor Corporation (NASDAQ:AMSC) is a technology company specializing in power electronics and high-temperature superconductor systems. Founded in 1987 and headquartered in Devens, Massachusetts, AMSC develops hardware and software solutions aimed at improving the efficiency, reliability and stability of electric power systems and renewable energy infrastructure. The company’s engineering expertise spans from the lab scale to full commercial deployment, with a focus on tackling grid integration challenges for utilities and independent power producers.

AMSC’s portfolio includes superconducting wire and cryogenic systems, power grid stabilization devices, and turnkey wind turbine electronics.