Two firms set $49 and $68 targets after American Superconductor's 21% revenue surge
American Superconductor’s Q3 revenue rose 21.38% year-on-year to $74.53 million, topping estimates by $5.5 million, while EPS of $2.75 surpassed expectations by $2.60. Craig-Hallum and Oppenheimer reaffirmed Buy ratings with price targets of $49 and $68, and management forecasts Q4 revenue above $80 million and $3.0 million net income.
1. Q3 Financial Highlights
American Superconductor reported Q3 revenue of $74.53 million, a 21.38% increase year-over-year that exceeded forecasts by $5.5 million. GAAP EPS of $2.75 topped consensus by $2.60, driven by organic sales growth and the late-quarter acquisition of Comtrafo. Non-GAAP net income reached $117.8 million, reflecting a $113.1 million tax benefit.
2. Analyst Ratings and Price Targets
On February 6, Craig-Hallum reiterated a Buy rating with a $49 price target, while Oppenheimer upheld a Buy rating with a $68 target. These reaffirmations follow the strong quarterly beat and reflect analysts’ confidence in continued top-line momentum and margin expansion.
3. Outlook and Guidance
Management expects Q4 revenue to exceed $80 million and net income to reach $3.0 million, citing ongoing organic growth and integration of recent acquisitions. The company’s Gridtec, Marinetec and Windtec product lines are positioned to drive further market penetration in power resiliency solutions.