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Has American Superconductor (AMSC) Outpaced Other Computer and Technology Stocks This Year?

Zacks Equity Research
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is American Superconductor (AMSC) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

American Superconductor is a member of our Computer and Technology group, which includes 642 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. AMSC is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for AMSC's full-year earnings has moved 27.93% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, AMSC has returned 39.55% so far this year. At the same time, Computer and Technology stocks have gained an average of 14.86%. This shows that American Superconductor is outperforming its peers so far this year.

Breaking things down more, AMSC is a member of the Electronics - Miscellaneous Components industry, which includes 32 individual companies and currently sits at #167 in the Zacks Industry Rank. Stocks in this group have gained about 18.28% so far this year, so AMSC is performing better this group in terms of year-to-date returns.

Investors with an interest in Computer and Technology stocks should continue to track AMSC. The stock will be looking to continue its solid performance.

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