The stock of American Superconductor Corporation (NASDAQ:AMSC) is a huge mover today! The stock decreased 3.22% or $0.28 on March 9, hitting $8.41. About 80,771 shares traded hands or 12.43% up from the average. American Superconductor Corporation (NASDAQ:AMSC) has risen 69.90% since August 4, 2015 and is uptrending. It has outperformed by 75.56% the S&P500. The move comes after 8 months negative chart setup for the $128.93 million company. It was reported on Mar, 10 by Barchart.com. We have $7.23 PT which if reached, will make NASDAQ:AMSC worth $18.05M less.
Analysts await American Superconductor Corporation (NASDAQ:AMSC) to reports earnings on May, 26. They expect $-0.54 earnings per share, up 34.94% or $0.29 from last year’s $-0.83 per share. After $-0.22 actual earnings per share reported by American Superconductor Corporation for the previous quarter, Wall Street now forecasts 145.45% negative EPS growth.
Out of 3 analysts covering American Superconductor (NASDAQ:AMSC), 3 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. American Superconductor was the topic in 2 analyst reports since January 13, 2016 according to StockzIntelligence Inc.
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.”
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