American Superconductor (NASDAQ:AMSC) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of American Superconductor (NASDAQ:AMSC) from a hold rating to a sell rating in a research note released on Wednesday morning, Zacks.com reports.

According to Zacks, “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. “

Separately, ValuEngine upgraded shares of American Superconductor from a hold rating to a buy rating in a report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. American Superconductor presently has an average rating of Hold and an average price target of $14.20.

NASDAQ:AMSC opened at $9.07 on Wednesday. The company’s 50 day moving average price is $8.04 and its 200-day moving average price is $10.24. American Superconductor has a 52 week low of $5.78 and a 52 week high of $16.44. The company has a quick ratio of 3.09, a current ratio of 3.50 and a debt-to-equity ratio of 0.04. The stock has a market cap of $187.20 million, a price-to-earnings ratio of -11.48 and a beta of 1.11.

American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.30) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.04. American Superconductor had a net margin of 48.74% and a negative return on equity of 22.93%. The firm had revenue of $13.77 million for the quarter, compared to analysts’ expectations of $10.95 million. During the same quarter in the prior year, the company posted ($0.18) earnings per share. As a group, sell-side analysts anticipate that American Superconductor will post -1.33 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in American Superconductor by 29.4% during the second quarter. Royal Bank of Canada now owns 12,669 shares of the technology company’s stock valued at $118,000 after purchasing an additional 2,875 shares during the period. D. E. Shaw & Co. Inc. lifted its position in American Superconductor by 5.3% during the second quarter. D. E. Shaw & Co. Inc. now owns 564,804 shares of the technology company’s stock valued at $5,241,000 after purchasing an additional 28,272 shares during the period. Cubist Systematic Strategies LLC bought a new position in American Superconductor during the second quarter valued at approximately $148,000. Vanguard Group Inc. lifted its position in American Superconductor by 14.7% during the second quarter. Vanguard Group Inc. now owns 862,623 shares of the technology company’s stock valued at $8,005,000 after purchasing an additional 110,545 shares during the period. Finally, BlackRock Inc. lifted its position in American Superconductor by 269.8% during the second quarter. BlackRock Inc. now owns 1,316,887 shares of the technology company’s stock valued at $12,221,000 after purchasing an additional 960,760 shares during the period. Institutional investors own 45.79% of the company’s stock.

American Superconductor Company Profile

American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers.

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