Shares of American Superconductor Co. (NASDAQ:AMSC - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $34.14, but opened at $36.61. American Superconductor shares last traded at $35.10, with a volume of 889,183 shares.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Craig Hallum reiterated a "buy" rating and set a $33.00 price objective on shares of American Superconductor in a research note on Tuesday, September 10th. Roth Mkm restated a "buy" rating and issued a $29.00 target price on shares of American Superconductor in a research report on Monday, September 30th.
View Our Latest Report on AMSC
American Superconductor Stock Up 7.8 %
The firm's 50 day moving average is $23.30 and its 200-day moving average is $21.78.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Amalgamated Bank acquired a new stake in American Superconductor during the 2nd quarter worth approximately $28,000. nVerses Capital LLC acquired a new stake in shares of American Superconductor in the second quarter valued at approximately $42,000. CWM LLC bought a new position in American Superconductor in the 3rd quarter valued at about $57,000. Quest Partners LLC acquired a new position in shares of American Superconductor during the 3rd quarter worth $88,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of American Superconductor during the second quarter worth $96,000. 52.28% of the stock is owned by institutional investors and hedge funds.
American Superconductor Company Profile
(
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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.
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