American Superconductor Co. (AMSC) Earnings Estimates Cut by Jefferies Analysts
Tuesday, July 12, 2021 11:11 AM

Equities research analysts at Jefferies lowered their earnings per share estimates on shares of American Superconductor Co. (NASDAQ: AMSC) in a research note to investors on Tuesday. The analysts currently have an "underperform" rating and a $6.00 price target on the stock.

Separately, analysts at Ardour Capital cut their price target on shares of American Superconductor Co. from $22.50 to $8.50 in a research note to investors on Thursday, June 2nd. They now have a "hold" rating on the stock. Also, analysts at Citigroup (NYSE: C) cut their price target on shares of American Superconductor Co. to $14.00 in a research note to investors on Wednesday, June 1st.

Shares of American Superconductor Co. traded down 6.04% during mid-day trading on Wednesday, hitting $8.015. American Superconductor Co. has a 52 week low of $10.00 and a 52 week high of $38.88. The stock's 50-day moving average is $8.57 and its 200-day moving average is $18.77. The company has a market cap of $406.4 million and a price-to-earnings ratio of 9.90.

American Superconductor Co. last announced its quarterly results on Tuesday, February 1st. The company reported $0.40 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.33 EPS by $0.07. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 41.5% on a year-over-year basis. On average, analysts predict that American Superconductor Co. will post $-0.11 EPS next quarter.

American Superconductor Corporation is a power technology company offering a range of technologies and solutions spanning the electric power infrastructure from generation to delivery to end use. It also offers a host of smart grid technologies for power grid operators, which integrate renewable energy sources into the power infrastructure. The technologies include superconductor power cable systems, grid-level surge protectors and power electronics-based voltage stabilization systems. The Company manufactures two base products: programmable power electronic converters and high temperature superconductor (HTS) wires. It conducts its operations through two segments: AMSC Power Systems and AMSC Superconductors.

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