American Superconductor Corporation $AMSC Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of American Superconductor Corporation (NASDAQ:AMSC) by 26.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 149,601 shares of the technology company’s stock after selling 55,077 shares during the period. Allspring Global Investments Holdings LLC’s holdings in American Superconductor were worth $4,884,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. 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 worth $475,000 after buying an additional 5,647 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of American Superconductor by 13.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,295 shares of the technology company’s stock valued at $459,000 after acquiring an additional 2,989 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of American Superconductor by 878.5% during the 1st quarter. Millennium Management LLC now owns 225,682 shares of the technology company’s stock worth $4,094,000 after acquiring an additional 202,617 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of American Superconductor by 54.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 481,961 shares of the technology company’s stock worth $8,743,000 after acquiring an additional 170,243 shares during the period. Finally, Creative Planning acquired a new stake in shares of American Superconductor in the second quarter worth approximately $208,000. Hedge funds and other institutional investors own 52.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Freedom Capital raised shares of American Superconductor to a “strong-buy” rating in a research note on Tuesday. Weiss Ratings raised shares of American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Insider Activity at American Superconductor

In other American Superconductor news, CFO John W. Kosiba, Jr. sold 6,769 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $37.46, for a total transaction of $253,566.74. Following the completion of the transaction, the chief financial officer directly owned 334,377 shares of the company’s stock, valued at approximately $12,525,762.42. This trade represents a 1.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Daniel P. Mcgahn sold 16,117 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $37.45, for a total transaction of $603,581.65. Following the completion of the sale, the chief executive officer directly owned 1,131,929 shares of the company’s stock, valued at $42,390,741.05. The trade was a 1.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 37,391 shares of company stock worth $1,463,119. 3.60% of the stock is owned by corporate insiders.

American Superconductor Price Performance

AMSC opened at $30.52 on Friday. The stock’s 50 day moving average price is $41.50 and its 200 day moving average price is $37.90. The stock has a market cap of $1.48 billion, a P/E ratio of 10.17 and a beta of 3.22. American Superconductor Corporation has a 12 month low of $24.87 and a 12 month high of $70.49.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.11. The company had revenue of $86.41 million during the quarter, compared to analysts’ expectations of $82.10 million. American Superconductor had a return on equity of 32.19% and a net margin of 44.73%.The company’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 earnings per share. American Superconductor has set its Q1 2026 guidance at 0.170- EPS. Equities analysts anticipate that American Superconductor Corporation will post 0.66 EPS for the current year.

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.