Oppenheimer Issues Positive Forecast for American Superconductor (NASDAQ:AMSC) Stock Price

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

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

American Superconductor Trading Up 0.6 %

American Superconductor stock opened at $26.19 on Tuesday. The company has a market capitalization of $1.03 billion, a PE ratio of -523.70 and a beta of 2.28. American Superconductor has a 12 month low of $10.19 and a 12 month high of $38.02. The stock has a 50-day moving average price of $28.61 and a two-hundred day moving average price of $25.58.

Hedge Funds Weigh In On American Superconductor

A number of hedge funds have recently made changes to their positions in AMSC. Allspring Global Investments Holdings LLC bought a new position in shares of American Superconductor during the third quarter worth about $10,246,000. Charles Schwab Investment Management Inc. grew its stake in American Superconductor by 211.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company’s stock worth $7,187,000 after purchasing an additional 206,655 shares during the period. State Street Corp grew its stake in American Superconductor by 18.3% during the third quarter. State Street Corp now owns 906,250 shares of the technology company’s stock worth $21,388,000 after purchasing an additional 140,106 shares during the period. KBC Group NV acquired a new stake in American Superconductor during the fourth quarter worth approximately $2,492,000. Finally, Lisanti Capital Growth LLC grew its stake in American Superconductor by 110.2% during the third quarter. Lisanti Capital Growth LLC now owns 131,340 shares of the technology company’s stock worth $3,100,000 after purchasing an additional 68,845 shares during the period. 52.28% of the stock is currently owned by institutional investors.

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.