Principal Financial Group Inc. Invests $2.34 Million in American Superconductor Corporation $AMSC

Principal Financial Group Inc. bought a new position in shares of American Superconductor Corporation (NASDAQ:AMSC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 39,403 shares of the technology company’s stock, valued at approximately $2,340,000. Principal Financial Group Inc. owned about 0.09% of American Superconductor as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Virtus Advisers LLC purchased a new stake in shares of American Superconductor during the 2nd quarter worth approximately $69,000. Canada Pension Plan Investment Board lifted its position in American Superconductor by 100.0% in the second quarter. Canada Pension Plan Investment Board now owns 2,000 shares of the technology company’s stock valued at $73,000 after acquiring an additional 1,000 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in American Superconductor in the second quarter valued at $96,000. State of Alaska Department of Revenue acquired a new position in American Superconductor in the third quarter valued at $124,000. Finally, SBI Securities Co. Ltd. grew its holdings in shares of American Superconductor by 65.3% during the second quarter. SBI Securities Co. Ltd. now owns 3,867 shares of the technology company’s stock worth $142,000 after purchasing an additional 1,527 shares during the last quarter. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

American Superconductor Price Performance

American Superconductor stock opened at $34.26 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.66 and a quick ratio of 1.80. The business has a 50 day simple moving average of $31.09 and a 200-day simple moving average of $43.57. American Superconductor Corporation has a 12 month low of $13.98 and a 12 month high of $70.49. The stock has a market capitalization of $1.63 billion, a PE ratio of 11.69 and a beta of 2.98.

American Superconductor (NASDAQ:AMSC) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $2.60. American Superconductor had a net margin of 46.70% and a return on equity of 37.97%. The company had revenue of $74.53 million for the quarter, compared to analysts’ expectations of $69.03 million. During the same period in the previous year, the company posted $0.16 EPS. American Superconductor’s revenue was up 21.4% compared to the same quarter last year. American Superconductor has set its Q4 2025 guidance at 0.170- EPS. Equities analysts predict that American Superconductor Corporation will post 0.41 earnings per share for the current year.

Analyst Ratings Changes

AMSC has been the subject of several research reports. Wall Street Zen downgraded American Superconductor from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Oppenheimer reissued an “outperform” rating on shares of American Superconductor in a report on Thursday, November 6th. Zacks Research upgraded shares of American Superconductor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of American Superconductor in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, American Superconductor has a consensus rating of “Buy”.

American Superconductor Profile

American Superconductor Corporation (NASDAQ:AMSC) is a technology company specializing in power electronics and high-temperature superconductor systems. Founded in 1987 and headquartered in Devens, Massachusetts, AMSC develops hardware and software solutions aimed at improving the efficiency, reliability and stability of electric power systems and renewable energy infrastructure. The company’s engineering expertise spans from the lab scale to full commercial deployment, with a focus on tackling grid integration challenges for utilities and independent power producers.

AMSC’s portfolio includes superconducting wire and cryogenic systems, power grid stabilization devices, and turnkey wind turbine electronics.