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) 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.

Will American Superconductor (AMSC) Report Negative Q4 Earnings? What You Should Know

AYER, Mass., May 06, 2021 (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 Neeltran, Inc. (Neeltran), a private Connecticut-based company that supplies rectifiers and transformers to industrial customers. At closing, AMSC paid $4.5 million in cash and issued 301,556 restricted shares of AMSC common stock having a value of approximately $4.3 million. Additionally, AMSC paid $7.6 million directly to Neeltran lenders at closing to extinguish outstanding Neeltran debt.

AMSC Extends New Energy Power Systems Product Offerings with the Acquisition of Neeltran, Inc.

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American Superconductor (AMSC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

American Superconductor (AMSC) Moves 6.3% Higher: Will This Strength Last?

Renewables and Industrial Applications Drive Demand Renewables and Industrial Applications Drive Demand

AMSC Announces $15 Million of New Energy Power System Orders

American Superconductor's (AMSC) CEO Daniel McGahn on Q3 2020 Results - Earnings Call Transcript

Shares of American Superconductor (NASDAQ:AMSC) fell in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share were up 59.38% over the past year to ($0.13), which were in line with the estimate of ($0.13).

Recap: American Superconductor Q3 Earnings

Company to host conference call tomorrow, February 4 at 10:00 am ET Company to host conference call tomorrow, February 4 at 10:00 am ET

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

AYER, Mass., Feb. 01, 2021 (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 the Navy's fleet, today announced today that it plans to release its third quarter fiscal year 2020 financial results after the market close on Wednesday, February 3, 2021. 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, February 4, 2021. On this call, management will discuss market trends, and the Company's recent accomplishments, financial results and business outlook.

AMSC to Report Third Quarter Fiscal Year 2020 Financial Results on February 3, 2021

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American Superconductor Corporation (AMSC) CEO Daniel McGahn on Q2 2020 Results - Earnings Call Transcript

American Superconductor Corporation's (AMSC) CEO Daniel McGahn On Q2 2020 Results - Quick Version Earnings Call Transcript

AYER, Mass., Oct. 28, 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 today that it plans to release its second quarter fiscal year 2020 financial results after the market close on Wednesday, November 4, 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, November 5, 2020. On this call, management will discuss market trends, and the Company's recent accomplishments, financial results and business outlook.

AMSC to Report Second Quarter Fiscal Year 2020 Financial Results on November 4, 2020

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

Here's Why American Superconductor (AMSC) is a Great Momentum Stock to Buy

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?

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

News for American Superconductor Stock (AMSC)