Geode Capital Management LLC Purchases 36,511 Shares of American Superconductor Co. (NASDAQ:AMSC)

Geode Capital Management LLC increased its holdings in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 847,412 shares of the technology company's stock after purchasing an additional 36,511 shares during the period. Geode Capital Management LLC owned 2.15% of American Superconductor worth $20,003,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Hood River Capital Management LLC boosted its position in shares of American Superconductor by 7.2% during the 2nd quarter. Hood River Capital Management LLC now owns 1,735,014 shares of the technology company's stock valued at $40,582,000 after acquiring an additional 116,207 shares during the last quarter. State Street Corp boosted its holdings in shares of American Superconductor by 18.3% in the 3rd 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. Allspring Global Investments Holdings LLC purchased a new stake in American Superconductor during the 3rd quarter valued at $10,246,000. Charles Schwab Investment Management Inc. lifted its position in American Superconductor by 211.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company's stock worth $7,187,000 after buying an additional 206,655 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in American Superconductor by 65.6% during the second quarter. Renaissance Technologies LLC now owns 187,989 shares of the technology company's stock worth $4,397,000 after buying an additional 74,500 shares during the period. 52.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMSC has been the subject of several analyst reports. Roth Mkm restated a "buy" rating and issued a $29.00 target price on shares of American Superconductor in a report on Monday, September 30th. Craig Hallum reiterated a "buy" rating and issued a $33.00 target price on shares of American Superconductor in a research note on Tuesday, September 10th.

American Superconductor Stock Down 5.4 %

NASDAQ:AMSC traded down $1.42 during mid-day trading on Friday, reaching $25.06. The company's stock had a trading volume of 1,009,983 shares, compared to its average volume of 1,079,780. The stock has a fifty day moving average of $28.90 and a 200-day moving average of $25.28. American Superconductor Co. has a 1 year low of $9.37 and a 1 year high of $38.02. The firm has a market capitalization of $988.69 million, a PE ratio of -501.10 and a beta of 2.21.

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.