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.

Earnings data Q4 2020

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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.

A share offering wasn't received well by investors today.

Why American Superconductor's Shares Plunged 15.1% on Thursday

Shares of American Superconductor Corp. tumbled 12% in premarket trading Thursday, after the power grid and wind power company said it public stock offering priced at deep discount. The company sold 3.67 million shares, representing about 16% of the shares outstanding, at a price of $15.00 a share, which is 12.2% below Wednesday's closing price of $17.10, to raise $55.05 million.

American Superconductor's stock sinks after share offering prices at 12% discount

AYER, Mass., Oct. 22, 2020 (GLOBE NEWSWIRE) -- American Superconductor Corporation (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions, announced today that it has priced its underwritten public offering of 3,670,000 shares of its common stock at a public offering price of $15.00 per share. AMSC expects the gross proceeds from this offering to be $55,050,000, before deducting the underwriting discount and other estimated offering expenses. AMSC intends to use the net proceeds from this offering for general corporate and working capital purposes. AMSC has granted the underwriters a 30-day option to purchase up to 550,500 additional shares of its common stock. AMSC expects to close the offering, subject to customary conditions, on or about October 26, 2020.

AMSC Prices $55 Million Public Offering of Common Stock

Investors need to pay close attention to American Superconductor (AMSC) stock based on the movements in the options market lately.

Are Options Traders Betting on a Big Move in American Superconductor (AMSC) Stock?

Does American Superconductor (AMSC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why Momentum Investors Will Love American Superconductor (AMSC)

AYER, Mass., Oct. 05, 2020 (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, today announced that it has acquired Northeast Power Systems, Inc. (NEPSI), a private company based in upstate New York that supplies medium voltage metal-enclosed capacitor banks, harmonic filters, fast switching reactive power solutions and surge protection products, and has paid $26 million in cash and additionally the sellers have received 873,657 restricted shares of AMSC common stock.

AMSC Accelerates toward Profitability with the Acquisition of Northeast Power Systems, Inc.

American Superconductor (AMSC) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.

American Superconductor (AMSC) Jumps: Stock Rises 7.1%

American Superconductor Corporation's (AMSC) CEO Daniel McGahn on Q1 2020 Results - Earnings Call Transcript

Company to host conference call tomorrow, August 6 at 10:00 am ET Company to host conference call tomorrow, August 6 at 10:00 am ET

AMSC Reports First Quarter Fiscal Year 2020 Financial Results and Provides Business Outlook

AYER, Mass., July  31, 2020  (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 first quarter fiscal year 2020 financial results after the market close on Wednesday, August 5, 2020. 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, August 6, 2020. On this call, management will discuss market trends, and the company’s recent accomplishments, financial results and business outlook.

AMSC to Report First Quarter Fiscal Year 2020 Financial Results on August 5, 2020

American Superconductor (AMSC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

American Superconductor (AMSC) May Report Negative Earnings: Know the Trend Ahead of Q1 Release

AMSC finalized its third Ship Protection System contract, which has become the baseline design for the San Antonio-Class Amphibious Ship Platform AMSC finalized its third Ship Protection System contract, which has become the baseline design for the San Antonio-Class Amphibious Ship Platform

AMSC Awarded Contract for Ship Protection System on LPD 31

REG system expected to be operational in 2021 REG system expected to be operational in 2021

AMSC and ComEd Break Ground on Chicago’s REG System to Enhance Resiliency

American Superconductor Corp. (AMSC) CEO Daniel McGahn on Q4 2020 Results - Earnings Call Transcript

Company to host conference call tomorrow, June 3 at 10:00 am ET Company to host conference call tomorrow, June 3 at 10:00 am ET

UPDATE - AMSC Reports Fourth Quarter and Full Fiscal Year 2019 Financial Results and Provides Business Outlook

AMSC Reports Fourth Quarter and Full Fiscal Year 2019 Financial Results and Provides Business Outlook

Earnings Preview: American Superconductor (AMSC) Q4 Earnings Expected to Decline

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).

What Makes American Superconductor (AMSC) a New Buy Stock

American Superconductor Corporation: A Great Short-Term And Long-Term Opportunity - Behind The Idea

American Superconductor Corp (AMSC) CEO Daniel McGahn on Q3 2019 Results - Earnings Call Transcript

American Superconductor's (AMSC) fiscal third-quarter results are likely to have benefited from strengthening D-VAR shipments, VVO products and increasing REG revenues.

What's in Store for American Superconductor (AMSC) Q3 Earnings?

American Superconductor (AMSC) closed at $7.58 in the latest trading session, marking a -0.52% move from the prior day.

American Superconductor (AMSC) Stock Sinks As Market Gains: What You Should Know

American Superconductor (AMSC) closed the most recent trading day at $7.56, moving -1.56% from the previous trading session.

American Superconductor (AMSC) Dips More Than Broader Markets: What You Should Know

In the latest trading session, American Superconductor (AMSC) closed at $8.02, marking a -1.6% move from the previous day.

American Superconductor (AMSC) Stock Moves -1.6%: What You Should Know

American Superconductor has been struggling lately, but the selling pressure may be coming to an end soon.

News for American Superconductor Stock (AMSC)