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In a recent transaction, John W. Kosiba, Jr., Senior Vice President, CFO, and Treasurer of American Superconductor Corp (NASDAQ:AMSC), a company with a market capitalization of $1.28 billion and impressive revenue growth of 53% over the last twelve months, sold shares worth approximately $189,778. The sales took place on June 11, 2025, and were executed under a pre-established Rule 10b5-1 trading plan. The shares were sold at prices ranging from $28.06 to $29.09 per share, with the stock currently trading at $29.21. According to InvestingPro analysis, AMSC is currently trading above its Fair Value.
The transactions involved the sale of 6,342 shares at a weighted average price of $28.5483 and an additional 300 shares at a weighted average price of $29.0833. These sales were made to cover tax withholding obligations related to the vesting of restricted stock awards. Following these transactions, Kosiba holds 402,890 shares directly and 9,806 shares indirectly through the company’s 401(k) plan. For deeper insights into insider trading patterns and comprehensive financial analysis, access the detailed AMSC Pro Research Report on InvestingPro.
In other recent news, American Superconductor Corporation reported its fourth-quarter fiscal year 2024 earnings, exceeding analyst expectations with earnings per share (EPS) of $0.12, compared to the projected $0.08. Despite this positive earnings result, revenue fell short of forecasts, coming in at $55.59 million against the anticipated $59.17 million. Additionally, the company has announced an underwritten public offering of 4,125,000 shares of common stock at $28.00 per share, aiming to generate gross proceeds of $115.5 million. The proceeds are intended for working capital, general corporate purposes, and potential strategic acquisitions. The offering includes a 30-day option for underwriters to purchase up to an additional 618,750 shares. Oppenheimer & Co. Inc. is serving as the sole book-running manager, with Craig-Hallum Capital Group LLC and Roth Capital Partners (WA:CPAP) participating as managers. American Superconductor has also filed the necessary documentation with the Securities and Exchange Commission to support this offering. These developments reflect the company’s strategic initiatives and financial maneuvers in the current market landscape.
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