American Superconductor (NASDAQ:AMSC) Shares Down 7.1% After Insider Selling

American Superconductor Corporation (NASDAQ:AMSC)’s stock price traded down 7.1% during trading on Wednesday following insider selling activity. The stock traded as low as $37.36 and last traded at $37.6710. Approximately 615,290 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 1,193,104 shares. The stock had previously closed at $40.53.

Specifically, CEO Daniel P. Mcgahn sold 9,670 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $41.78, for a total transaction of $404,012.60. Following the sale, the chief executive officer owned 1,148,046 shares of the company’s stock, valued at approximately $47,965,361.88. This represents a 0.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO John W. Kosiba, Jr. sold 4,835 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $41.77, for a total transaction of $201,957.95. Following the completion of the transaction, the chief financial officer directly owned 341,146 shares of the company’s stock, valued at approximately $14,249,668.42. 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.

Analyst Ratings Changes

AMSC has been the topic of a number of recent analyst reports. Weiss Ratings upgraded American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Zacks Research cut American Superconductor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

American Superconductor Trading Up 7.4%

The firm has a market capitalization of $1.88 billion, a PE ratio of 13.17 and a beta of 3.20. The business’s 50 day simple moving average is $45.80 and its two-hundred day simple moving average is $36.49.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.11. The business 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 firm’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. American Superconductor has set its Q1 2026 guidance at 0.170- EPS. As a group, equities research analysts anticipate that American Superconductor Corporation will post 0.66 earnings per share for the current year.

Hedge Funds Weigh In On American Superconductor

Institutional investors have recently bought and sold shares of the business. Lodestone Wealth Management LLC bought a new stake in shares of American Superconductor in the 4th quarter worth about $30,000. Rockefeller Capital Management L.P. increased its position in American Superconductor by 45.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,563 shares of the technology company’s stock valued at $45,000 after purchasing an additional 492 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in American Superconductor during the fourth quarter valued at approximately $60,000. Optiver Holding B.V. purchased a new stake in American Superconductor during the first quarter worth $64,000. Finally, Canada Pension Plan Investment Board increased its holdings in shares of American Superconductor by 100.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,000 shares of the technology company’s stock valued at $73,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 52.28% of the company’s stock.

About American Superconductor

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.