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

American Superconductor (NASDAQ:AMSC) had its price objective lifted by stock analysts at Oppenheimer from $29.00 to $33.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price objective indicates a potential upside of 26.44% from the company’s previous close.

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $29.00 target price on shares of American Superconductor in a research report on Monday, September 30th.

American Superconductor Stock Performance

American Superconductor stock opened at $26.10 on Tuesday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -521.90 and a beta of 2.28. American Superconductor has a 1 year low of $10.19 and a 1 year high of $38.02. The firm has a 50 day moving average price of $28.50 and a 200 day moving average price of $25.55.

Institutional Investors Weigh In On American Superconductor

Several large investors have recently made changes to their positions in AMSC. Spire Wealth Management lifted its holdings in shares of American Superconductor by 17.7% during the 4th quarter. Spire Wealth Management now owns 17,517 shares of the technology company’s stock valued at $431,000 after acquiring an additional 2,628 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of American Superconductor during the fourth quarter worth about $279,000. KBC Group NV purchased a new stake in shares of American Superconductor in the fourth quarter worth about $2,492,000. PFG Investments LLC acquired a new stake in shares of American Superconductor in the fourth quarter valued at about $280,000. Finally, Campbell Newman Asset Management Inc. purchased a new stake in shares of American Superconductor during the 4th quarter valued at about $1,483,000. Institutional investors and hedge funds own 52.28% of the company’s stock.

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.