Fintel reports that on August 14, 2023, Roth MKM maintained coverage of American Superconductor (NASDAQ:AMSC) with a Buy recommendation.
Analyst Price Forecast Suggests 12.49% Upside
As of August 2, 2023, the average one-year price target for American Superconductor is 9.86. The forecasts range from a low of 7.07 to a high of $13.65. The average price target represents an increase of 12.49% from its latest reported closing price of 8.76.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Superconductor is 132MM, an increase of 16.31%. The projected annual non-GAAP EPS is -0.51.
What is the Fund Sentiment?
There are 132 funds or institutions reporting positions in American Superconductor. This is a decrease of 7 owner(s) or 5.04% in the last quarter. Average portfolio weight of all funds dedicated to AMSC is 0.06%, a decrease of 44.68%. Total shares owned by institutions decreased in the last three months by 6.43% to 15,086K shares. 
The put/call ratio of AMSC is 0.62, indicating a bullish outlook.
What are Other Shareholders Doing?
AWM Investment holds 2,228K shares representing 7.36% ownership of the company. In it's prior filing, the firm reported owning 2,536K shares, representing a decrease of 13.82%. The firm decreased its portfolio allocation in AMSC by 12.84% over the last quarter.
Royce & Associates holds 1,865K shares representing 6.16% ownership of the company. In it's prior filing, the firm reported owning 1,812K shares, representing an increase of 2.83%. The firm increased its portfolio allocation in AMSC by 27.27% over the last quarter.
Baillie Gifford holds 1,491K shares representing 4.92% ownership of the company. No change in the last quarter.
Invesco holds 835K shares representing 2.76% ownership of the company. In it's prior filing, the firm reported owning 1,015K shares, representing a decrease of 21.53%. The firm increased its portfolio allocation in AMSC by 4.56% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 825K shares representing 2.72% ownership of the company. In it's prior filing, the firm reported owning 685K shares, representing an increase of 16.98%. The firm increased its portfolio allocation in AMSC by 48.39% over the last quarter.
American Superconductor Background Information
(This description is provided by the company.)
AMSC generates the ideas, technologies and solutions that meet the world's demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec™ Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company's solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America.
Additional reading:
- AMSC Reports First Quarter Fiscal Year 2023 Financial Results and Provides Business Outlook
- Fiscal 2023
- AMSC Reports Fourth Quarter and Full Fiscal Year 2022 Financial Results and Provides Business Outlook Company to host conference call tomorrow, June 1 at 10:00 am ET
- AMSC Australia Pty Ltd – incorporated in Australia
- AMSC Reports Third Quarter Fiscal Year 2022 Financial Results and Provides Business Outlook
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
