American Superconductor (NASDAQ:AMSC) Price Target Raised to $39.00 at Oppenheimer

American Superconductor (NASDAQ:AMSC) had its target price lifted by Oppenheimer from $33.00 to $39.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

American Superconductor Trading Down 4.1 %

Shares of AMSC stock opened at $32.85 on Friday. The firm’s fifty day simple moving average is $27.67 and its 200 day simple moving average is $25.51. The firm has a market capitalization of $1.30 billion, a P/E ratio of -656.87 and a beta of 2.26. American Superconductor has a 1 year low of $10.21 and a 1 year high of $38.02.

American Superconductor (NASDAQ:AMSC) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. American Superconductor had a positive return on equity of 8.29% and a negative net margin of 0.49%. Equities research analysts anticipate that American Superconductor will post 0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC acquired a new stake in American Superconductor in the 3rd quarter valued at approximately $57,000. SBI Securities Co. Ltd. acquired a new stake in American Superconductor during the 4th quarter valued at $65,000. Jones Financial Companies Lllp boosted its holdings in shares of American Superconductor by 1,083.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company’s stock worth $73,000 after buying an additional 2,708 shares during the period. PNC Financial Services Group Inc. grew its position in shares of American Superconductor by 8,670.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company’s stock valued at $73,000 after purchasing an additional 2,948 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of American Superconductor during the third quarter worth $88,000. Institutional investors own 52.28% of the company’s stock.

American Superconductor Company Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.