American Superconductor (NASDAQ:AMSC) Price Target Raised to $33.00 at Oppenheimer

American Superconductor (NASDAQ:AMSC) had its target price raised by Oppenheimer from $29.00 to $33.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

Separately, Roth Mkm reissued a “buy” rating and set a $29.00 target price on shares of American Superconductor in a report on Monday, September 30th.

American Superconductor Price Performance

Shares of NASDAQ AMSC opened at $26.19 on Tuesday. The stock’s fifty day moving average price is $28.61 and its two-hundred day moving average price is $25.58. American Superconductor has a one year low of $10.19 and a one year high of $38.02. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -523.70 and a beta of 2.28.

Institutional Trading of American Superconductor

Large investors have recently modified their holdings of the stock. Amalgamated Bank acquired a new stake in shares of American Superconductor during the 2nd quarter worth $28,000. CWM LLC bought a new stake in shares of American Superconductor during the 3rd quarter worth $57,000. Quest Partners LLC bought a new stake in shares of American Superconductor during the 3rd quarter worth $88,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of American Superconductor during the 3rd quarter worth $277,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of American Superconductor during the 4th quarter worth $279,000. 52.28% of the stock is owned by institutional investors and hedge funds.

American Superconductor Company Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.