American Superconductor (NASDAQ:AMSC) Price Target Raised to $33.00

American Superconductor (NASDAQ:AMSC - Free Report) had its price target increased by Oppenheimer from $29.00 to $33.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an outperform rating on the technology company's stock.

Separately, Roth Mkm reissued a "buy" rating and set a $29.00 price target on shares of American Superconductor in a research note on Monday, September 30th.

American Superconductor Trading Up 0.6 %

Shares of AMSC traded up $0.16 on Tuesday, reaching $26.19. 904,020 shares of the company's stock were exchanged, compared to its average volume of 951,703. The stock has a market capitalization of $1.03 billion, a P/E ratio of -523.70 and a beta of 2.28. The business has a 50 day moving average price of $28.61 and a two-hundred day moving average price of $25.58. American Superconductor has a 12 month low of $10.19 and a 12 month high of $38.02.

Institutional Investors Weigh In On American Superconductor

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp increased its stake in American Superconductor by 18.3% in the third quarter. State Street Corp now owns 906,250 shares of the technology company's stock valued at $21,388,000 after purchasing an additional 140,106 shares in the last quarter. Geode Capital Management LLC increased its stake in American Superconductor by 4.5% in the third quarter. Geode Capital Management LLC now owns 847,412 shares of the technology company's stock valued at $20,003,000 after purchasing an additional 36,511 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in American Superconductor in the third quarter valued at approximately $10,246,000. Charles Schwab Investment Management Inc. increased its stake 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 valued at $7,187,000 after purchasing an additional 206,655 shares in the last quarter. Finally, Lisanti Capital Growth LLC increased its stake in American Superconductor by 110.2% in the third quarter. Lisanti Capital Growth LLC now owns 131,340 shares of the technology company's stock valued at $3,100,000 after purchasing an additional 68,845 shares in the last quarter. 52.28% of the stock is owned by institutional investors.

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.