American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services. It provides transmission planning services, which identify power grid congestion, poor power quality, and other risks; grid interconnection solutions for wind farms and solar power plants, power quality systems, and transmission and distribution cable systems; resilient electric grid systems, which provide protection against the adverse effects that follow the loss of critical substation facilities in urban areas; D-VAR systems used for controlling power flow and voltage in the AC transmission system; actiVAR system, a fast-switching medium-voltage reactive compensation solution; armorVAR system installed for reactive compensation, power factor correction, loss reduction, utility bill savings, and mitigation of common power quality concerns related to power converter-based generation and load devices; and D-VAR volt var optimization (VVO) that serves the distribution power grid market. This segment also offers ship protection systems, which reduce a naval ship's magnetic signature; and in board power delivery systems, power generation systems, and propulsion systems. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers. This segment's design portfolio comprises a range of drivetrains and power ratings of 2 MW and higher. American Superconductor Corporation was incorporated in 1987 and is headquartered in Ayer, Massachusetts.
IPO Year: 1991
Exchange: NASDAQ
Website: amsc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/3/2022 | $23.00 → $10.00 | Buy | ROTH Capital |
| 2/4/2022 | $21.00 → $15.00 | Buy | EF Hutton |
ROTH Capital resumed coverage of American Superconductor with a rating of Buy and set a new price target of $10.00 from $23.00 previously
EF Hutton reiterated coverage of American Superconductor with a rating of Buy and set a new price target of $15.00 from $21.00 previously
Roth Capital reiterated coverage of American Superconductor with a rating of Buy and set a new price target of $30.00 from $20.00 previously
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Financial Highlights: Reported Second Quarter Net Income of Nearly $5 MillionGenerated Nearly $13 Million of Operating Cash Flow During the QuarterIncreased Revenue by 60% Year Over Year to Above $54 Million Company to host conference call tomorrow, October 31, at 10:00 am ET AYER, Mass., Oct. 30, 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 second quarter of fiscal year 2024 ended September 30, 2024. The second quarter results include result
AYER, Mass., Oct. 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 of our Navy's fleet, announced today that it plans to release its second quarter fiscal year 2024 financial results after the market close on Wednesday, October 30, 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, October 31, 2024. On this call, management will discuss the Company's recent accomplishments, financial resu
AYER, Mass., Sept. 10, 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 announced updated financial guidance for its second fiscal quarter ending September 30, 2024 to reflect the recently announced acquisition of NWL. AMSC now expects revenues, inclusive of its NWL acquisition, to be in the range of $50 million to $55 million for the second quarter of fiscal 2024. The Company's previous revenue guidance, excluding the NWL acquisition, was in the range of $38 million to $42 million
Q1 Financial Highlights: Revenue Increased Over 33% Year Over Year to $40 MillionReported Expanded Gross Margin and Achieved Non-GAAP Net Income Generated $3.4 Million of Operating Cash Flow Company to host conference call tomorrow, August 7th, at 10:00 am ET AYER, Mass., Aug. 06, 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 first quarter of fiscal year 2024 ended June 30, 2024. Revenues for the first quarter of fiscal 2024 were $40.3 mill
AYER, Mass., Aug. 05, 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, today announced that it has acquired NWL, Inc. (NWL), a private company based in New Jersey that provides power supplies to industrial and military customers. At closing, AMSC paid $25 million in cash and issued 1,297,600 restricted shares of AMSC common stock with a value of approximately $31.4 million. As part of the transaction, AMSC will make an additional cash payment of $5 million, subject to various adjustments set forth in the
AYER, Mass., July 31, 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 first quarter fiscal year 2024 financial results after the market close on Tuesday, August 6, 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 Wednesday, August 7, 2024. On this call, management will discuss the Company's recent accomplishments, financial results, a
AYER, Mass., July 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 of our Navy's fleet, today announced it has received an order worth over $12 million for its 3 megawatt (MW) class wind turbine electrical control systems (ECS) from Inox Wind Limited (Inox), India's premium wind turbine manufacturer. AMSC expects to ship most of these ECS over the course of fiscal year 2024. "Demand from India's growing wind market is strong and projected to grow. We are reporting our highest backlog in recent memory with nearly 2.7 gig
AYER, Mass., June 12, 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, today announced it has entered into a multi-year and multi-unit delivery contract valued at approximately $75 million with Irving Shipbuilding Inc., a Halifax, Canada shipbuilder that has constructed over 80% of Canada's Navy at sea today, for Ship Protection Systems hardware as well as engineering work to support the Royal Canadian Navy. Additionally, the scope of this contract is expected to include integration and commissioning of
Business Highlights: Full year revenues increased over 37% year over year to $145.6 millionFull year gross margin expansion of 1,620 basis points over the prior yearGenerated $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
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,
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Financial Highlights: Reported Second Quarter Net Income of Nearly $5 MillionGenerated Nearly $13 Million of Operating Cash Flow During the QuarterIncreased Revenue by 60% Year Over Year to Above $54 Million Company to host conference call tomorrow, October 31, at 10:00 am ET AYER, Mass., Oct. 30, 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 second quarter of fiscal year 2024 ended September 30, 2024. The second quarter results include result
AYER, Mass., Oct. 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 of our Navy's fleet, announced today that it plans to release its second quarter fiscal year 2024 financial results after the market close on Wednesday, October 30, 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, October 31, 2024. On this call, management will discuss the Company's recent accomplishments, financial resu
Q1 Financial Highlights: Revenue Increased Over 33% Year Over Year to $40 MillionReported Expanded Gross Margin and Achieved Non-GAAP Net Income Generated $3.4 Million of Operating Cash Flow Company to host conference call tomorrow, August 7th, at 10:00 am ET AYER, Mass., Aug. 06, 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 first quarter of fiscal year 2024 ended June 30, 2024. Revenues for the first quarter of fiscal 2024 were $40.3 mill
AYER, Mass., Aug. 05, 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, today announced that it has acquired NWL, Inc. (NWL), a private company based in New Jersey that provides power supplies to industrial and military customers. At closing, AMSC paid $25 million in cash and issued 1,297,600 restricted shares of AMSC common stock with a value of approximately $31.4 million. As part of the transaction, AMSC will make an additional cash payment of $5 million, subject to various adjustments set forth in the
AYER, Mass., July 31, 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 first quarter fiscal year 2024 financial results after the market close on Tuesday, August 6, 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 Wednesday, August 7, 2024. On this call, management will discuss the Company's recent accomplishments, financial results, a
Business Highlights: Full year revenues increased over 37% year over year to $145.6 millionFull year gross margin expansion of 1,620 basis points over the prior yearGenerated $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
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,
Q3 Financial Highlights: Revenues Increased Over 60% Year Over Year to $39 MillionReported 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. Revenues for the third quarter of fiscal 2023 were $39.4 milli
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 resul
Revenues Increased 23% Year Over Year to $34 MillionReported 25% Gross Margin and Achieved Non-GAAP Net IncomeGenerated $0.9 Million of Operating Cash Flow Company to host conference call tomorrow, November 2 at 10:00 am ET AYER, Mass., Nov. 01, 2023 (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 second quarter of fiscal year 2023 ended September 30, 2023. Revenues for the second quarter of fiscal 2023 were $34.0 million compared with $27.7 million
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