Legal & General Group Plc Raises Position in American Superconductor Corporation $AMSC

Legal & General Group Plc raised its holdings in shares of American Superconductor Corporation (NASDAQ:AMSC) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 278,026 shares of the technology company’s stock after acquiring an additional 18,463 shares during the quarter. Legal & General Group Plc owned approximately 0.58% of American Superconductor worth $8,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Arizona State Retirement System lifted its stake in shares of American Superconductor by 3.6% during the 3rd quarter. Arizona State Retirement System now owns 12,883 shares of the technology company’s stock valued at $765,000 after buying an additional 442 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of American Superconductor by 13.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,542 shares of the technology company’s stock worth $270,000 after buying an additional 542 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of American Superconductor by 11.6% in the 4th quarter. D.A. Davidson & CO. now owns 7,008 shares of the technology company’s stock worth $202,000 after buying an additional 731 shares during the last quarter. Mariner LLC increased its holdings in shares of American Superconductor by 7.6% in the 3rd quarter. Mariner LLC now owns 13,227 shares of the technology company’s stock worth $786,000 after buying an additional 932 shares during the last quarter. 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 worth $73,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 52.28% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on AMSC shares. Zacks Research downgraded shares of American Superconductor from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Weiss Ratings upgraded shares of American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

American Superconductor Trading Down 8.7%

NASDAQ AMSC opened at $42.34 on Friday. The company has a fifty day simple moving average of $45.24 and a two-hundred day simple moving average of $36.20. The stock has a market cap of $2.02 billion, a P/E ratio of 14.11 and a beta of 3.20. American Superconductor Corporation has a 12-month low of $24.87 and a 12-month high of $70.49.

American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 44.73% and a return on equity of 32.19%. The business’s quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter last year, the company posted $0.12 earnings per share. American Superconductor has set its Q1 2026 guidance at 0.170- EPS. As a group, sell-side analysts forecast that American Superconductor Corporation will post 0.69 earnings per share for the current year.

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.