November 29, 2016 - By Linda Rogers
John Sande, the insider, presently the director of American Superconductor Corp made a sale of 500 shares of the firm with a total value $4,026 U.S Dollars based on an average price of 8.1 U.S Dollars per share. Mr. John at the moment has rights to 12,539 shares, accounting for 0.09% of the Company’s total market cap. A filing free at your disposal here discloses this insider activity, that took place on 29-11-2016 and was filed with the U.S. Security and Exchange Commission.
Out of 4 analysts covering American Superconductor (NASDAQ:AMSC), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $10 is the highest target while $10 is the lowest. The $10 average target is 29.03% above today’s ($7.75) stock price. American Superconductor has been the topic of 4 analyst reports since January 13, 2016 according to StockzIntelligence Inc. Rodman & Renshaw initiated American Superconductor Corporation (NASDAQ:AMSC) rating on Wednesday, January 13. Rodman & Renshaw has “Buy” rating and $10 price target. Oppenheimer initiated the shares of AMSC in a report on Tuesday, June 21 with “Outperform” rating. H.C. Wainwright initiated it with “Buy” rating and $10 target price in Wednesday, January 13 report. FBR Capital initiated American Superconductor Corporation (NASDAQ:AMSC) on Thursday, May 19 with “Outperform” rating.
The stock decreased 3.61% or $0.29 on November 29, hitting $7.75. About 48,092 shares traded hands. American Superconductor Corporation (NASDAQ:AMSC) has declined 17.62% since April 26, 2016 and is downtrending. It has underperformed by 22.88% the S&P500.
American Superconductor Corporation is a well-known provider of megawatt-scale solutions. The company has a market cap of $108.56 million. The Firm operates through two divisions: Wind and Grid. It currently has negative earnings. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines.
According to Zacks Investment Research, “American Superconductor Corporation is a leading energy technologies company. The company develops and sells a wide range of products and solutions based on power electronic systems and high temperature superconductor wires that dramatically improve the efficiency, reliability and quality of electricity during its generation, transmission, distribution and use. The company is a dominant force in alternative energy, offering grid interconnection solutions as well as licensed wind energy designs and electrical systems. As the world’s principal supplier of HTS wire, AMSC is enabling a new generation of compact, high-power electrical products, including power cables, grid-level surge protectors, motors, generators, and advanced transportation and defense systems. AMSC also provides utility and industrial customers worldwide with voltage regulation systems that dramatically enhance power grid capacity, reliability and security, as well as industrial productivity.”
Analysts await American Superconductor Corporation (NASDAQ:AMSC) to report earnings on February, 14. They expect $-0.57 EPS, down 159.09% or $0.35 from last year’s $-0.22 per share. After $-0.53 actual EPS reported by American Superconductor Corporation for the previous quarter, Wall Street now forecasts 7.55% negative EPS growth.
More recent American Superconductor Corporation (NASDAQ:AMSC) news were published by: Forbes.com which released: “American Superconductor Destroyed For A Tiny Bribe” on September 21, 2011. Also Seekingalpha.com published the news titled: “American Superconductor’s (AMSC) CEO Daniel McGahn on Q1 2016 Results ..” on August 09, 2016. Seekingalpha.com‘s news article titled: “American Superconductor: Too Cheap To Ignore With Emerging Energy Grid ..” with publication date: December 23, 2014 was also an interesting one.
American Superconductor Corporation (AMSC), incorporated on April 9, 1987, is a well-known provider of megawatt-scale solutions. The Firm operates through two divisions: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power. AMSC supplies power electronics and control systems, licenses its engineered wind turbine creates and provides customer support services to wind turbine manufacturers. AMSC’s design portfolio includes a range of drive trains and power ratings of over two megawatts. The Firm provides a range of power electronics and software control systems. AMSC provides transmission planning services that enable it to identify power grid congestion and other risks. The Firm also sells grid interconnection solutions for wind farms and solar power plants, power quality systems, and transmission and distribution cable systems. AMSC also sells ship protection products to the United States Navy through its Grid business segment.
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By Linda Rogers