American Superconductor (NASDAQ:AMSC) Releases Earnings Results

American Superconductor (NASDAQ:AMSC) posted its quarterly earnings results on Wednesday. The technology company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02, Zacks reports. American Superconductor had a negative net margin of 0.49% and a positive return on equity of 8.29%. American Superconductor updated its Q4 2024 guidance to -0.070- EPS.

American Superconductor Price Performance

Shares of NASDAQ AMSC traded up $0.20 during trading on Wednesday, hitting $25.52. The stock had a trading volume of 1,468,524 shares, compared to its average volume of 951,043. The company has a market capitalization of $1.01 billion, a PE ratio of -510.30 and a beta of 2.26. American Superconductor has a 12 month low of $10.19 and a 12 month high of $38.02. The firm has a fifty day moving average of $27.77 and a two-hundred day moving average of $25.45.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer upped their target price on American Superconductor from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th.

About American Superconductor

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.