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.

American Superconductor (AMSC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About American Superconductor (AMSC) Rating Upgrade to Buy

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American Superconductor Co. NASDAQ: AMSC provides products, solutions, and services to help optimize and power electronics and the clean energy segment. Its power control systems help utility companies, industrial facilities, and renewable energy developers to connect, transmit, and distribute power.

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American Superconductor Corporation (NASDAQ:AMSC ) Q4 2023 Earnings Conference Call May 30, 2024 10:00 AM ET Company Participants John Kosiba - CFO, SVP & Treasurer Daniel McGahn - Chairman, President & CEO John Heilshorn - IR, LHA Conference Call Participants Eric Stine - Craig-Hallum Colin Rusch - Oppenheimer Justin Clare - ROTH MKM Partners Operator Good morning, and welcome to the AMSC Fourth Quarter Fiscal 2023 Financial Results Conference Call. All participants will be in listen-only mode.

American Superconductor Corporation (AMSC) Q4 2023 Earnings Call Transcript

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American Superconductor Corporation (NASDAQ:AMSC) reported impressive fourth-quarter results after market closing yesterday following which the stock opened strong today and at one point in time was trading up over 30%. The company posted a non-GAAP EPS of $0.05, beating estimates by $0.07.

American Superconductor stock surges on Q4 earnings beat: Is it time to buy?

AMSC surprised investors with a profit (sort of) last night. The company is actually still losing money, but its pro forma report showed a small profit in fiscal Q4 2023.

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American Superconductor (AMSC) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to loss of $0.28 per share a year ago.

American Superconductor (AMSC) Q4 Earnings and Revenues Surpass Estimates

Business Highlights: Full year revenues increased over 37% year over year to $145.6 million Full year gross margin expansion of 1,620 basis points over the prior year Generated $2.1 million of operating cash flow, helping to further strengthen the balance sheet Company to host conference call tomorrow, May 30 at 10:00 am ET AYER, Mass., May 29, 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 that protect and expand the capability and resiliency of our Navy's fleet, today reported financial results for its fourth quarter and fiscal year ended March 31, 2024 ("fiscal 2023").

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

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AYER, Mass., May 23, 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 fourth quarter and fiscal year 2023 financial results after the market close on Wednesday, May 29, 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, May 30, 2024. On this call, management will discuss the Company's recent accomplishments, financial results, and business outlook.

AMSC to Report Fourth Quarter and Fiscal Year 2023 Financial Results on May 29, 2024

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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.

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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.

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