American Superconductor (NASDAQ:AMSC) Stock Rating Upgraded by StockNews.com

American Superconductor (NASDAQ:AMSC – Get Rating) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Separately, Oppenheimer cut their price target on American Superconductor from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, February 3rd.

American Superconductor Stock Performance

AMSC opened at $4.64 on Wednesday. The business has a 50 day moving average price of $5.27 and a 200 day moving average price of $4.55. American Superconductor has a twelve month low of $3.20 and a twelve month high of $9.36. The firm has a market cap of $137.02 million, a P/E ratio of -3.90 and a beta of 1.36.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMSC. JPMorgan Chase & Co. lifted its holdings in shares of American Superconductor by 74.6% during the first quarter. JPMorgan Chase & Co. now owns 138,174 shares of the technology company’s stock worth $1,052,000 after buying an additional 59,028 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of American Superconductor by 228.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 83,269 shares of the technology company’s stock valued at $634,000 after purchasing an additional 57,880 shares during the period. MetLife Investment Management LLC increased its position in shares of American Superconductor by 51.5% during the first quarter. MetLife Investment Management LLC now owns 16,405 shares of the technology company’s stock valued at $125,000 after purchasing an additional 5,575 shares during the period. Dimensional Fund Advisors LP increased its position in shares of American Superconductor by 35.8% during the first quarter. Dimensional Fund Advisors LP now owns 318,885 shares of the technology company’s stock valued at $2,427,000 after purchasing an additional 83,984 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of American Superconductor by 1.5% during the first quarter. Vanguard Group Inc. now owns 1,229,451 shares of the technology company’s stock valued at $9,356,000 after purchasing an additional 18,425 shares during the period. 47.27% of the stock is currently owned by institutional investors and hedge funds.

American Superconductor Company Profile

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American Superconductor Corp. engages in provision of megawatt-scale power solutions, which improve the performance of the power grid and lower the cost of wind power. It operates through Grid and Wind segments. The Grid segment enables electric utilities and renewable energy project developers to connect, transmit, and distribute power with efficiency, reliability, security, and affordability.