John Kosiba, Jr. Sells 6,769 Shares of American Superconductor (NASDAQ:AMSC) Stock

American Superconductor Corporation (NASDAQ:AMSCGet Free Report) CFO John Kosiba, Jr. sold 6,769 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $37.46, for a total transaction of $253,566.74. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

American Superconductor Price Performance

Shares of AMSC opened at $40.02 on Friday. American Superconductor Corporation has a 1 year low of $24.87 and a 1 year high of $70.49. The company has a 50 day simple moving average of $45.95 and a two-hundred day simple moving average of $36.51. The firm has a market cap of $1.91 billion, a P/E ratio of 13.34 and a beta of 3.20.

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

Institutional Trading of American Superconductor

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in American Superconductor by 19.6% in the fourth quarter. Vanguard Group Inc. now owns 3,526,632 shares of the technology company’s stock worth $101,496,000 after buying an additional 576,831 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of American Superconductor by 5.6% during the fourth quarter. Baillie Gifford & Co. now owns 1,506,841 shares of the technology company’s stock worth $43,367,000 after purchasing an additional 79,509 shares during the last quarter. State Street Corp lifted its position in shares of American Superconductor by 4.9% during the fourth quarter. State Street Corp now owns 1,192,093 shares of the technology company’s stock worth $34,308,000 after purchasing an additional 56,215 shares during the last quarter. Atreides Management LP lifted its position in shares of American Superconductor by 34.0% during the second quarter. Atreides Management LP now owns 1,104,458 shares of the technology company’s stock worth $40,523,000 after purchasing an additional 280,418 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of American Superconductor by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,090,710 shares of the technology company’s stock worth $31,396,000 after purchasing an additional 20,855 shares during the last quarter. 52.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on AMSC shares. Zacks Research downgraded American Superconductor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Weiss Ratings upgraded 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 Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, American Superconductor presently has an average rating of “Hold”.

Read Our Latest Stock Report on American Superconductor

American Superconductor Company Profile

(Get Free Report)

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.

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