Merit Financial Group LLC Has $1.89 Million Holdings in American Superconductor Corporation $AMSC

Merit Financial Group LLC decreased its stake in shares of American Superconductor Corporation (NASDAQ:AMSC) by 36.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 31,855 shares of the technology company’s stock after selling 18,040 shares during the period. Merit Financial Group LLC owned 0.07% of American Superconductor worth $1,892,000 as of its most recent filing with the SEC.

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

American Superconductor Stock Up 7.0%

Shares of NASDAQ AMSC opened at $36.66 on Wednesday. American Superconductor Corporation has a 52-week low of $13.98 and a 52-week high of $70.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.80 and a current ratio of 2.66. The business has a fifty day moving average of $31.18 and a two-hundred day moving average of $43.45. The stock has a market cap of $1.75 billion, a PE ratio of 12.51 and a beta of 2.98.

American Superconductor (NASDAQ:AMSC) last announced its earnings results on Wednesday, February 4th. The technology company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $2.60. The business had revenue of $74.53 million during the quarter, compared to analysts’ expectations of $69.03 million. American Superconductor had a net margin of 46.70% and a return on equity of 37.97%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. American Superconductor has set its Q4 2025 guidance at 0.170- EPS. As a group, equities research analysts expect that American Superconductor Corporation will post 0.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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