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American Superconductor (AMSC) has 2 splits in our AMSC split history database. The first split for AMSC took place on November 29, 1994. This was a 3 for 2 split, meaning for each 2 shares of AMSC owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. AMSC's second split took place on March 25, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of AMSC owned pre-split, the shareholder now owned 1 share. For example, a 1500 share position pre-split, became a 150 share position following the split.
When a company such as American Superconductor splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as American Superconductor conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the AMSC split history from start to finish, an original position size of 1000 shares would have turned into 150 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into American Superconductor shares, starting with a $10,000 purchase of AMSC, presented on a split-history-adjusted basis factoring in the complete AMSC split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-31.21%|
|About American Superconductor|
|American Superconductor is a provider of megawatt-scale solutions for power grid and wind power. Co. operates its business under two market-facing business units: Grid, which enables electric utilities and renewable energy project developers to connect, transmit and distribute power, and these services lead to sales of Co.'s grid interconnection solutions for wind farms and solar power plants, power quality systems and transmission and distribution cable systems; and Wind, which supplies power electronics and control systems, licenses its engineered wind turbine designs, and provides customer support services to wind turbine manufacturers. According to our AMSC split history records, American Superconductor has had 2 splits.|
|AMSC Split History Table|
|11/29/1994||3 for 2|
|03/25/2015||1 for 10|
|Industrials Stock Splits|
|AMSC is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: AMSC shares outstanding history