American Superconductor

American Superconductor Corp. engages in provision of megawatt-scale power solutions, which improve the performance of the power grid and lower the cost of wind power. It operates through Grid and Wind segments. The Grid segment enables electric utilities and renewable energy project developers to connect, transmit, and distribute power with efficiency, reliability, security, and affordability. The Wind segment permits the manufacturers to field wind turbines with power output, reliability, and affordability. The company was founded by Yet-Ming Chiang, David A. Rudman, John B. Vander Sande, and Gregory J. Yurek on April 9, 1987 and is headquartered in Ayer, MA.

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AMSC reports record Q4 revenues, eyes electrification trend opportunities

AMSC's Q4 2022 saw record revenues but also a decrease in gross margin and a net loss. Fiscal year 2022 showed potential with a 12-month backlog of over $125 million. The company is focused on seizing near-term opportunities and capitalizing on the electrification trend.

AMSC reports strong Q2 performance, eyes growth in diverse sectors

AMSC's Q2 2023 performance exceeded expectations, driven by strong revenue growth and a notable improvement in net loss. The company's strengths lie in the significant growth of its grid and wind business unit revenues, supported by a positive outlook for future opportunities. However, challenges related to potential margin impact and managing the net loss were also discussed.

American Superconductor reports strong Q3 revenue growth and positive outlook

AMSC's Q3 performance reflects revenue growth driven by new energy power systems, with a focus on cost management and margin improvement.
The company's strengths lie in its diversified business approach, successful deployments, and positive outlook for future growth.
Challenges include margin pressures, cash burn, and working capital management, requiring strategic solutions for financial stability.
Opportunities for AMSC include market expansion, revenue growth from sales leverage, and continued positive outlook for 2023 and beyond.

American Superconductor reports record revenue and eyes margin expansion

AMSC's Q4 2022 performance reflects record revenue, with a focus on margin expansion and operational efficiency improvements.
Despite challenges in gross margin and net loss, the company remains optimistic about fiscal year 2023, driven by business diversification and growth opportunities.
Efforts to clear the Neeltran backlog are expected to pave the way for improved margins and lower cash burns in the near term.
AMSC's strategic focus on seizing new market opportunities and leveraging its diversified backlog positions it for a strong fiscal year ahead.

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American Superconductor Corp. engages in the provision of megawatt-scale power solutions, which improve the performance of the power grid and lower the cost of wind power. It operates through the Grid and Wind segments. The Grid segment enables electric utilities and renewable energy project developers to connect, transmit, and distribute power with efficiency, reliability, security, and affordability. The Wind segment permits the manufacturers to field wind turbines with power output, reliability, and affordability. The company was founded by Yet Ming Chiang, David A. Rudman, John B. Vander Sande, and Gregory J. Yurek on April 9, 1987 and is headquartered in Ayer, MA.

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American Superconductor (AMSC) is a Great Momentum Stock: Should You Buy?

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The mean of analysts' price targets for American Superconductor (AMSC) points to a 25.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think American Superconductor (AMSC) Could Surge 25.87%: Read This Before Placing a Bet

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AYER, Mass. , Jan. 31, 2024 (GLOBE NEWSWIRE) -- American Superconductor Corporation (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability and resiliency of our Navy's fleet, announced today that it has priced its underwritten public offering of 5,400,000 shares of its common stock at a public offering price of $11.25 per share. AMSC expects the gross proceeds from this offering to be $60,750,000, before deducting the underwriting discount and other estimated offering expenses. AMSC intends to use the net proceeds from this offering for working capital and general corporate purposes. AMSC has granted the underwriters a 30-day option to purchase up to 810,000 additional shares of its common stock. AMSC expects to close the offering, subject to customary conditions, on or about February 2, 2024.

AMSC Prices Upsized $60 Million Public Offering of Common Stock

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AYER, Mass., Jan. 30, 2024 (GLOBE NEWSWIRE) -- American Superconductor Corporation (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability and resiliency of our Navy's fleet, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. AMSC also expects to grant the underwriters a 30-day option to purchase additional shares of common stock offered in the public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. AMSC intends to use the net proceeds from the proposed offering for working capital and general corporate purposes.

AMSC Announces Proposed Public Offering of Common Stock

American Superconductor (AMSC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

American Superconductor (AMSC) Upgraded to Buy: What Does It Mean for the Stock?

Megawatt-scale power resiliency solutions provider American Superconductor Co. NASDAQ: AMSC shares surged 40% on its Q3 2023 earnings report and upside guidance. The computer and technology sector company offers products and services to keep electricity flowing smoothly on the power grid, storage and through sustainable energy systems like wind turbines.

American Superconductor faster than a speeding bullet on EPS beat

American Superconductor Corporation (AMSC) Q3 2023 Earnings Call Transcript

American Superconductor (AMSC) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.07 per share. This compares to loss of $0.27 per share a year ago.

American Superconductor (AMSC) Q3 Earnings and Revenues Top Estimates

Q3 Financial Highlights: Revenues Increased Over 60% Year Over Year to $39 Million Reported 25% Gross Margin and Achieved Non-GAAP Net Income  Generated $1.3 Million of Operating Cash Flow Company to host conference call tomorrow, January 25th at 10:00 am ET  AYER, Mass., Jan. 24, 2024 (GLOBE NEWSWIRE) -- AMSC (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability and resiliency of our Navy's fleet, today reported financial results for its third quarter of fiscal year 2023 ended December 31, 2023.

AMSC Reports Third Quarter Fiscal Year 2023 Financial Results and Provides Business Outlook

AYER, Mass., Jan. 22, 2024 (GLOBE NEWSWIRE) -- AMSC® (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of our Navy's fleet, announced today that it plans to release its third quarter fiscal year 2023 financial results after the market close on Wednesday, January 24, 2024. In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, January 25, 2024. On this call, management will discuss the Company's recent accomplishments, financial results, and business outlook.

AMSC to Report Third Quarter Fiscal Year 2023 Financial Results on January 24, 2024

American Superconductor (AMSC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

American Superconductor (AMSC) Surges 5.4%: Is This an Indication of Further Gains?

American Superconductor won a rare endorsement from Wall Street Wednesday morning. The energy stock remains unprofitable -- but could generate positive free cash flow next year.

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American Superconductor Stock Soared Today. When Will It Be a Buy?

American Superconductor announced a bigger-than-usual sales contract in India yesterday -- one worth $8 million. This morning, Craig-Hallum raised its price target on American Superconductor stock by 17%.

Why American Superconductor Stock Just Jumped 10%

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Second Order for 3 MW Class Electrical Control Systems from Inox Wind to Serve Growing Onshore Wind Market in India Second Order for 3 MW Class Electrical Control Systems from Inox Wind to Serve Growing Onshore Wind Market in India

AMSC Receives Wind Turbine Electrical Control System Order from Inox Wind

What Makes American Superconductor (AMSC) a Strong Momentum Stock: Buy Now?

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Is American Superconductor (AMSC) Outperforming Other Computer and Technology Stocks This Year?

The average of price targets set by Wall Street analysts indicates a potential upside of 25.3% in American Superconductor (AMSC). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Believe American Superconductor (AMSC) Could Rally 25.28%: Here's is How to Trade

American Superconductor stock is up over 115% YTD despite a recent -20% dip after reporting Q2 results. AMSC's Q2 results showed revenue growth and positive cash flow, leading to an upgrade in rating to a Buy. The primary growth opportunities for AMSC include new energy power systems, ship protection systems, and wind energy control systems.

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