One of Friday’s best-performing stocks was American Superconductor Corporation (NASDAQ: AMSC), as it surged following a tail-off in April and May.
As the company returns towards its year-high, many within the investment sphere have been wondering how to buy American Superconductor stock quickly and easily. This article seeks to answer this question.
Scroll down to find out the best places to buy AMSC stock today. Our team of analysts has tested all of the top platforms, providing you with the two that offer low fees and a quality service.
In addition, we have explained why the company is on the up and provided an AMSC price prediction.
Where to buy American Superconductor stock online
If you are ready to invest in AMSC, you want a platform that features a user-friendly interface and plenty of options. Online stockbrokers are your best bet, though not all of them are equal. We have listed the two best platforms to trade AMSC stock below:
CedarFX is an eco-conscious broker offering 0% commission trading on 170+ assets, including Forex, Cryptocurrency Pairs, Stocks, Indices and Commodities. With up to 1:500 leverage, no-fee transactions and low spreads, traders can make the most of their funds. CedarFX also offers an Eco Account option to support tree planting and sustainability projects.
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.
What is American Superconductor Corporation?
Founded in 1987, headquartered in Massachusetts, and listed on the NASDAQ, it is an American energy tech company. AMSC specialises in both the design and manufacture of superconducting wire and power systems.
The company owns the AMSC Windtech in Austria, which aims to maximise green energy by using a host of electronic controls and systems as well as wind turbine designs and engineering services.
Why is AMSC stock going up in value?
Thanks to last Wednesday’s favourable earnings report. AMSC has generated a five-year high of over $87 million in annual revenue, with a 36% growth in sales on the previous year.
While net income is down, this kind of revenue growth is hard to ignore, and has humanity segues more and more to green energy solutions AMSC could be set to profit.
Should I buy AMSC stock today?
If you buy into American Superconductor’s ability to provide the clean energy solutions for the problems of today, you should definitely take a look at the company. Just make sure you conduct the necessary due diligence and don’t make any rash or emotional decisions.
AMSC price prediction
The consensus of analysts is that American Superconductor will have a median price of $28, making its current value of around $17 good value. However, growth will by no means be assured, so always exercise caution and hedge your portfolio.