Meridian Wealth Management LLC Acquires Shares of 91,102 American Superconductor Corporation $AMSC

Meridian Wealth Management LLC bought a new position in shares of American Superconductor Corporation (NASDAQ:AMSC) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 91,102 shares of the technology company’s stock, valued at approximately $5,411,000. Meridian Wealth Management LLC owned approximately 0.20% of American Superconductor at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. bought a new position in American Superconductor in the 3rd quarter worth approximately $2,340,000. Arizona State Retirement System boosted its position in American Superconductor by 3.6% in the 3rd quarter. Arizona State Retirement System now owns 12,883 shares of the technology company’s stock valued at $765,000 after buying an additional 442 shares during the last quarter. GPS Wealth Strategies Group LLC increased its stake in shares of American Superconductor by 11.0% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 11,437 shares of the technology company’s stock valued at $679,000 after buying an additional 1,135 shares during the period. Traynor Capital Management Inc. bought a new stake in shares of American Superconductor during the third quarter worth $975,000. Finally, Truist Financial Corp raised its position in shares of American Superconductor by 14.5% during the third quarter. Truist Financial Corp now owns 25,500 shares of the technology company’s stock worth $1,514,000 after acquiring an additional 3,230 shares during the last quarter. 52.28% of the stock is owned by institutional investors.

American Superconductor Stock Performance

Shares of NASDAQ:AMSC opened at $29.92 on Friday. The company has a 50 day moving average price of $31.25 and a two-hundred day moving average price of $44.58. The company has a market capitalization of $1.35 billion, a PE ratio of 80.86 and a beta of 2.96. American Superconductor Corporation has a 52 week low of $13.98 and a 52 week high of $70.49.

American Superconductor (NASDAQ:AMSC) last announced 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 company had revenue of $65.86 million during the quarter, compared to analyst estimates of $67.23 million. American Superconductor had a net margin of 5.69% and a return on equity of 6.48%. The firm’s revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. American Superconductor has set its Q3 2025 guidance at 0.140- EPS. On average, sell-side analysts forecast that American Superconductor Corporation will post 0.41 earnings per share for the current year.

Wall Street Analyst Weigh In

AMSC has been the topic of several recent research reports. Wall Street Zen cut American Superconductor from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Oppenheimer restated an “outperform” rating on shares of American Superconductor in a research report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of American Superconductor in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.00.

American Superconductor Company 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.