American Superconductor Corp (NASDAQ: AMSC) |
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Price: $30.8300
$0.95
3.179%
|
Day's High:
| $31.12
| Week Perf:
| 3.91 %
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Day's Low: |
$ 29.15 |
30 Day Perf: |
28.35 % |
Volume (M): |
1,114 |
52 Wk High: |
$ 38.02 |
Volume (M$): |
$ 34,348 |
52 Wk Avg: |
$24.61 |
Open: |
$29.85 |
52 Wk Low: |
$13.98 |
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|
Market Capitalization (Millions $) |
1,162 |
Shares
Outstanding (Millions) |
38 |
Employees |
337 |
Revenues (TTM) (Millions $) |
223 |
Net Income (TTM) (Millions $) |
6 |
Cash Flow (TTM) (Millions $) |
-74 |
Capital Exp. (TTM) (Millions $) |
2 |
American Superconductor Corp
American Superconductor Corporation was founded on April 9, 1987. We are a
leading provider of megawatt-scale solutions that lower the cost of wind power
and enhance the performance of the power grid. In the wind power market, we
enable manufacturers to field highly competitive wind turbines through our advanced
power electronics products, engineering, and support services. In the power
grid market, we enable electric utilities, industrial facilities, and renewable
energy project developers to connect, transmit and distribute power through
our transmission planning services and power electronics, and superconductor-based
products. Our wind and power grid products and services provide exceptional
reliability, security, efficiency, and affordability to our customers.
Our wind and power grid solutions help to improve energy efficiency, alleviate
power grid capacity constraints and increase the adoption of renewable energy
generation. Demand for our solutions is driven by the growing needs for renewable
sources of electricity, such as wind and solar energy, and for modernized smart
grids that improve power reliability, security, and quality. Concerns about
these factors have led to increased spending by corporations as well as supportive
government regulations and initiatives on local, state and national levels,
including renewable portfolio standards, tax incentives, and international treaties.
We estimate that today’s total annual addressable global market for our
wind and grid solutions exceeds $6 billion.
We segment our operations into two market-facing business units: Wind and Grid.
We believe this market-centric structure enables us to more effectively anticipate
and meet the needs of wind turbine manufacturers, power generation project developers
and electric utilities.
Wind. Through our Windtec Solutions™, our Wind business segment enables
manufacturers to field wind turbines with exceptional power output, reliability,
and affordability. We supply advanced power electronics and control systems,
license our highly engineered wind turbine designs, and provide extensive customer
support services to wind turbine manufacturers. Our design portfolio includes
a broad range of drive trains and power ratings of 2 megawatts (“MW”)
and higher. We provide a broad range of power electronics and software-based
control systems that are highly integrated and designed for optimized performance,
efficiency, and grid compatibility.
Grid. Through our Gridtec Solutions™, our Grid business segment enables
electric utilities and renewable energy project developers to connect, transmit
and distribute power with exceptional efficiency, reliability, security and
affordability. We provide transmission planning services that allow us to identify
power grid congestion, poor power quality, and other risks, which help us determine
how our solutions can improve network performance. These services often lead
to sales of our grid interconnection solutions for wind farms and solar power
plants, power quality systems and transmission and distribution cable systems.
We also sell ship protection products to the U.S. Navy.
Building on these competitive strengths, we plan to focus on driving revenue
growth and enhancing our operating results through the objectives defined below.
Provide Solutions from Power Generation to Delivery. From the generation source
to the distribution system, we focus on providing best-in-class engineering,
support services, technologies and solutions that make the world’s power
supplies smarter, cleaner and stronger.
Focus on “Megawatt-Scale” Power Offerings. Our research, product
development, and sales efforts focus on megawatt-scale offerings ranging from
designs of power electronics for large wind turbine platforms to systems that
stabilize power flows, integrate renewable power into the grid and carry power
to and from transmission and distribution substations.
Pursue Emerging Overseas Markets and Serve Key Markets Locally. We focus our
sales efforts on overseas markets that are investing aggressively in renewable
energy and power grid projects, and we have been particularly successful in
targeting key Asian markets, including India and China. As part of our strategy,
we serve our key target markets with local sales and field service personnel,
which enables us to understand market dynamics and more effectively anticipate
customer needs while also reducing response time. We currently serve target
markets such as Australia, China, India, South Africa, the United Kingdom, and
the United States.
Product Innovation. We have a strong record of developing unique solutions for
megawatt-scale power applications and will continue our focus on investing in
innovation. Recently, our product development efforts have included our Resilient
Electric Grid (“REG”) system for the electricity grid and ship protection
systems for the U.S. Navy.
Company Address: 114 East Main Street Ayer 1432 MA
Company Phone Number: 842-3000 Stock Exchange / Ticker: NASDAQ AMSC
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Customers Net Income fell by |
AMSC's Customers Net Profit Margin fell to |
-25.58 % |
7.48 %
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Stock Performances by Major Competitors |
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Merger and Acquisition
Published Tue, Sep 10 2024 12:00 PM UTC
AYER, Mass. Sept. 10, 2024 ? The American Superconductor Corporation (NASDAQ: AMSC), a prominent player in the megawatt-scale power resiliency market, has announced an upbeat revision of its financial guidance for the second fiscal quarter ending September 30, 2024. This positive outlook can largely be attributed to the company s recent acquisition of NWL, Inc. a strate...
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Merger and Acquisition
Published Mon, Aug 5 2024 12:01 PM UTC
AMSC Extends Product Offerings in the Military and Industrial Sectors: Acquisition Expected to be Accretive to Earnings Per Share In a significant strategic move underscoring its commitment to growth and market expansion, AMSC (American Superconductor Corporation) has officially announced its acquisition of NWL, Inc., a company known for its advanced technologi...
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Contract
Published Wed, Jul 24 2024 12:00 PM UTC
AMSC, a leading provider of advanced wind turbine electrical control systems, has recently announced receiving a follow-on order from India-based Inox Wind. This order, which marks the second for AMSC s 3 MW Class Electrical Control Systems, highlights the company s pivotal role in supporting the rapid expansion of India s onshore wind market. This article aims to delve deep...
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Contract
Published Wed, Jun 12 2024 12:00 PM UTC
AMSC Secures Major Contract Amid Mixed Financial Landscape By | CSIMarket.com American Superconductor Corp (AMSC) has achieved a significant milestone by securing a $75 million contract to supply its proprietary ship protection system for multiple Canadian Surface Combatant ships. This development represents a key expansion in AMSC?s naval defense offerings and a strategi...
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Stock Market Announcement
Published Wed, Jan 31 2024 1:46 PM UTC
In a recent press release, American Superconductor Corporation (AMSC) announced the pricing of its underwritten public offering of common stock. As a leading system provider of megawatt-scale power resiliency solutions, AMSC plays a vital role in maintaining grid stability and enhancing the Navys fleet s capability and resiliency. The offering, consisting of 5,400,...
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Per Share |
Current |
Earnings (TTM) |
0.14 $ |
Revenues (TTM) |
5.91 $
|
Cash Flow (TTM) |
- |
Cash |
2.11 $
|
Book Value |
5.23 $
|
Dividend (TTM) |
0 $ |
|
Per Share |
|
Earnings (TTM) |
0.14 $
|
Revenues (TTM) |
5.91 $ |
Cash Flow (TTM) |
- |
Cash |
2.11 $
|
Book Value |
5.23 $ |
Dividend (TTM) |
0 $ |
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Grid |
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85.18 % |
of total Revenue |
Grid Americas |
|
77.74 % |
of total Revenue |
Grid Asia Pacific |
|
3.73 % |
of total Revenue |
Grid EMEA |
|
3.71 % |
of total Revenue |
Wind |
|
14.82 % |
of total Revenue |
Wind Asia Pacific |
|
14.79 % |
of total Revenue |
Wind EMEA |
|
0.03 % |
of total Revenue |
Equipment and Systems Grid |
|
79.77 % |
of total Revenue |
Equipment and Systems Wind |
|
14.28 % |
of total Revenue |
Services and Technology Development Grid |
|
5.42 % |
of total Revenue |
Services and Technology Development Wind |
|
0.54 % |
of total Revenue |
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On May 23 2024 the American Superconductor provided following guidance
AMSC, a renowned provider of megawatt-scale power resiliency solutions, is set to unveil its financial results for the fourth quarter and fiscal year 2023 on May 29, 2024. Following the market close on that day, the company will release the figures, shedding light on its performance in the previous year. Additionally, AMSC's management will conduct a conference call with investors and s on May 30, 2024, at 10:00 a.m. Eastern Time. During this call, the management team will delve into the company's achievements, financial results, and future prospects, providing insights into its ongoing operations and strategic direction. AMSC's commitment to orchestrating the grid's power dynamics and safeguarding the Navy'...
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