American Superconductor (NASDAQ:AMSC) posted its quarterly earnings data on Tuesday. The technology company reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.11, Fidelity Earnings reports. The company had revenue of $14.88 million during the quarter, compared to analysts’ expectations of $13.90 million. American Superconductor had a negative net margin of 42.74% and a negative return on equity of 41.86%. American Superconductor updated its Q3 2018 guidance to $-0.31–0.31 EPS.
Shares of American Superconductor stock traded up $1.81 during trading hours on Wednesday, reaching $9.35. 1,094,026 shares of the company’s stock were exchanged, compared to its average volume of 127,353. American Superconductor has a 1 year low of $3.06 and a 1 year high of $8.18. The firm has a market capitalization of $166.64 million, a price-to-earnings ratio of -5.08 and a beta of 1.33.
AMSC has been the subject of a number of research reports. Zacks Investment Research raised shares of American Superconductor from a “hold” rating to a “strong-buy” rating and set a $7.00 target price for the company in a report on Thursday, October 25th. ValuEngine raised shares of American Superconductor from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Finally, Craig Hallum initiated coverage on shares of American Superconductor in a report on Thursday, September 13th. They set a “buy” rating and a $11.00 target price for the company.
About American Superconductor
American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers.
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