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American Superconductor Corp. - AMSC STOCK NEWS

Welcome to our dedicated news page for American Superconductor (Ticker: AMSC), a resource for investors and traders seeking the latest updates and insights on American Superconductor.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect American Superconductor's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of American Superconductor's position in the market.

News
AMSC Prices Upsized $60 Million Public Offering of Common Stock
Rhea-AI Summary
American Superconductor Corporation (AMSC) has announced the pricing of its underwritten public offering of 5,400,000 shares of its common stock at a public offering price of $11.25 per share, expecting gross proceeds of $60,750,000. The company intends to use the net proceeds for working capital and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.15%
Tags
offering
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News
AMSC Announces Proposed Public Offering of Common Stock
Rhea-AI Summary
American Superconductor Corporation (AMSC) announced an underwritten public offering of its common stock, with an option for underwriters to purchase additional shares. The company intends to use the net proceeds for working capital and general corporate purposes. Oppenheimer & Co. Inc. is the sole book-running manager for the offering. The offering is subject to market conditions, and a shelf registration statement has been filed with the SEC. This press release does not constitute an offer to sell, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale is not permitted.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.15%
Tags
offering
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News
AMSC Reports Third Quarter Fiscal Year 2023 Financial Results and Provides Business Outlook
Rhea-AI Summary
AMSC reported strong Q3 financial results with over 60% year-over-year revenue growth to $39 million, a 25% gross margin, and non-GAAP net income of $1.3 million. The company's operating cash flow was $1.3 million, and it achieved $34 million of new orders, ending the quarter with over $137 million in 12-month backlog. The business outlook for the fourth quarter is optimistic, expecting revenues in the range of $36.0 million to $40.0 million, with a net loss not exceeding $3.5 million. The Company expects breakeven to a positive cash generation of $2.0 million and cash, cash equivalents, and restricted cash not less than $25 million by March 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
35.9%
Tags
earnings
News
AMSC to Report Third Quarter Fiscal Year 2023 Financial Results on January 24, 2024
Rhea-AI Summary
AMSC, a leading system provider of megawatt-scale power resiliency solutions, is set to release its third quarter fiscal year 2023 financial results on January 24, 2024. The company will also hold a conference call on January 25, 2024, to discuss recent accomplishments, financial results, and business outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences earnings
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News
AMSC Receives Wind Turbine Electrical Control System Order from Inox Wind
Rhea-AI Summary
AMSC receives an $8 million order for 3 MW class wind turbine electrical control systems from Inox Wind Limited, indicating a renewed strength and improved dynamics in the Indian wind market. The order underscores AMSC's position as a partner of choice in India's growing energy needs, with the Indian onshore wind market capacity forecasted to add over 80 GW by 2032. Under the exclusive license agreement, AMSC will be the exclusive supplier of ECS for Inox's 3 MW class wind turbine.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.86%
Tags
none
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News
AMSC Reports Second Quarter Fiscal Year 2023 Financial Results and Provides Business Outlook
Rhea-AI Summary
AMSC reported revenues of $34 million for the second quarter of fiscal year 2023, a 23% increase compared to the same period last year. The company achieved a gross margin of 25% and generated $0.9 million of operating cash flow. AMSC's net loss for the quarter was $2.5 million, compared to a net loss of $9.9 million in the same period last year. However, the company reported a non-GAAP net income of less than $0.1 million. AMSC ended the quarter with $24.0 million in cash, cash equivalents, and restricted cash.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.44%
Tags
earnings
News
AMSC to Report Second Quarter Fiscal Year 2023 Financial Results on November 1, 2023
Rhea-AI Summary
AMSC plans to release its Q2 FY 2023 financial results on November 1, 2023. A conference call with investors and analysts will be held on November 2, 2023, to discuss recent accomplishments, financial results, and business outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.3%
Tags
conferences earnings
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News
AMSC Announces $37 Million of New Energy Power System Orders
Rhea-AI Summary
AMSC announces $37 million of new energy power systems orders, driven by demand in industrials, renewables, and utility markets. Revenue from these orders expected to be recognized in fiscal year 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.55%
Tags
none
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News
AMSC Reports First Quarter Fiscal Year 2023 Financial Results and Provides Business Outlook
Rhea-AI Summary
AMSC reports Q1 2023 financial results with revenues of $30.3 million, a YoY increase driven by higher new energy power systems revenues. Net loss for Q1 2023 was $5.4 million, compared to a net loss of $8.7 million in Q1 2022. AMSC booked over $34 million of new energy power systems orders in Q1 2023. For Q2 2023, the company expects revenues in the range of $29 million to $32 million, with a net loss not exceeding $5.3 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.35%
Tags
earnings
News
AMSC to Report First Quarter Fiscal Year 2023 Financial Results on August 9, 2023
Rhea-AI Summary
AMSC plans to release its Q1 fiscal year 2023 financial results on August 9, 2023, followed by a conference call with investors and covering analysts on August 10, 2023. The call will discuss market trends, financial results, and business outlook. The live call can be accessed by dialing 1-844-481-2802 or 1-412-317-0675.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.44%
Tags
conferences earnings
Stock AMSC logo
American Superconductor Corp.

Nasdaq:AMSC

AMSC Rankings

#3546 Ranked by Market Cap
#552 Ranked by Stock Gains
N/A Ranked by Dividends

AMSC Stock Data

450.98M
27.45M
4.54%
46.83%
5.3%
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About AMSC

amsc (nasdaq: amsc) generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy. through its windtec solutions, amsc provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. through its gridtec solutions, amsc provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. the company’s solutions are now powering gigawatts of renewable energy globally and enhancing the performance and reliability of power networks in more than a dozen countries. founded in 1987, amsc (american superconductor) is headquartered near boston, massachusetts with operations in asia, australia, europe and north america.