American Superconductor Corporation (AMSC) was Initiated by FBR Capital to “Outperform” and the brokerage firm has set the Price Target at $14. FBR Capital advised their investors in a research report released on May 19, 2016.
On the company’s financial health, American Superconductor Corporation reported $-0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $-0.54. The company had revenue of $25.77 million for the quarter, compared to analysts expectations of $22.95 million. The company’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.
American Superconductor Corporation opened for trading at $10.02 and hit $11 on the upside on Monday, eventually ending the session at $10.85, with a gain of 2.94% or 0.31 points. The heightened volatility saw the trading volume jump to 1,32,674 shares. Company has a market cap of $152 M.
In a different news, on Apr 7, 2016, David A Henry (EVP, CFO & Treasurer) sold 12,545 shares at $8.21 per share price. According to the SEC, on Feb 6, 2015, John Vander Sande (director) sold 5,000 shares at $1.15 per share price.
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company conducts its business through two segments: Wind and Grid. Through its Windtec Solutions brand the Wind business segment enables manufacturers to field wind turbines. Through the Gridtec Solutions brand 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 designs and provides customer support services to wind turbine manufacturers. AMSC provides a range of power electronics and software-based control systems and transmission planning services. The Company 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.