Welcome to our dedicated page for American Superconductor news (Ticker: AMSC), a resource for investors and traders seeking the latest updates and insights on American Superconductor stock.
American Superconductor Corporation (AMSC) (Nasdaq: AMSC) is described by the company as a system provider of megawatt-scale power resiliency solutions for electric grids, naval fleets and wind energy applications. The AMSC news stream highlights how its Gridtec, Marinetec and Windtec solution families are reflected in financial performance, acquisitions and capital markets activity.
News items for AMSC frequently cover quarterly and annual financial results, where the company reports revenue trends, segment performance for its Grid and Wind businesses, and commentary on demand across energy and military markets. These releases often include business outlook statements for upcoming quarters and discussions of bookings, backlog and cash balances.
Investors and observers will also find transaction and financing announcements, such as AMSC’s public offerings of common stock and its stated use of proceeds for working capital, general corporate purposes and potential strategic acquisitions. Another key category of news is acquisition activity, including the disclosed acquisitions of NWL, Inc. and Comtrafo Indústria de Transformadores Elétricos S.A., which AMSC links to expanded product offerings and geographic reach.
AMSC’s news flow also includes conference call and earnings release scheduling, where the company announces dates and times for investor calls and provides access details. Each earnings-related release typically reiterates the company’s description of its Gridtec, Marinetec and Windtec Solutions and its focus on smarter, cleaner energy and power resiliency.
For readers following AMSC, this news page offers a consolidated view of the company’s reported financial results, strategic acquisitions, equity offerings and management commentary. Users interested in the AMSC stock story can review historical and recent announcements to understand how the company presents its progress in grid, naval and wind energy markets over time.
AMSC (NASDAQ: AMSC) has announced it will release its third quarter fiscal year 2022 financial results after market close on February 1, 2023. A management conference call will follow on February 2, 2023, at 10:00 a.m. ET to discuss financial results, market trends, and business outlook. The call, accessible via the Company’s website or by phone, will provide investors with insights into AMSC's achievements and market positioning. AMSC specializes in power resiliency solutions and services that enhance grid performance and support Navy fleet operations, contributing to global energy systems.
AMSC (NASDAQ: AMSC) announced $26 million in new energy power systems orders, primarily driven by industrial demand. These orders include harmonic filters and voltage controllers, with most revenue expected in fiscal year 2023. Two-thirds of the orders are for industrial applications such as mining and manufacturing, while a quarter is for renewable projects. The company's focus on sustainability positions it to benefit from growth in renewables and industrial markets. Additionally, AMSC secured its fifth ship protection system contract, highlighting its momentum in the energy sector.
AMSC has secured its fifth Ship Protection System contract with Huntington Ingalls Industries for the San Antonio-Class Amphibious Ship, LPD-32. This contract involves the delivery of a high temperature superconductor (HTS)-based degaussing system, enhancing the ship's operational capabilities by significantly reducing its magnetic signature. The contract underlines AMSC's commitment to advancing naval technology, as the San Antonio-class ships are crucial for amphibious warfare missions. The degaussing system is expected to save between 50% to 80% in weight while improving power efficiency.
AMSC (Nasdaq: AMSC) reported its financial results for Q2 FY2022, showing revenues of $27.7 million, a slight decline from $27.9 million in Q2 FY2021, primarily due to decreased Wind segment revenues. The net loss widened to $9.9 million or $0.35 per share, compared to a loss of $4.4 million or $0.16 per share a year earlier. Non-GAAP net loss was $6.5 million, or $0.23 per share. The company ended the quarter with $37.4 million in cash and a backlog exceeding $100 million. For Q3 FY2022, revenues are projected between $22 million and $26 million.
AMSC (NASDAQ: AMSC) plans to release its second quarter fiscal year 2022 financial results on November 1, 2022, after market close. A conference call will follow on November 2, 2022, at 10:00 a.m. ET, where management will discuss market trends, recent accomplishments, financial results, and business outlook. Investors can access the live call or archived webcast through the AMSC website. The company specializes in megawatt-scale power resiliency solutions, enhancing operational safety and efficiency in energy and naval applications.
AMSC announced $30 million in new energy power systems orders, driven by the push for sustainability and decarbonization efforts. Approximately one third of this revenue is expected in fiscal 2022. The orders include various power management products essential for enhancing grid stability and supporting increased demand in metals, mining, and materials. AMSC emphasizes its commitment to low carbon emissions and its critical role in the future of reliable energy.
AMSC (Nasdaq: AMSC) reported its first-quarter fiscal 2022 results, showing revenues of $22.7 million, down from $25.4 million in the same quarter last year. The decrease is attributed to lower Grid segment revenues, particularly from the D-VAR product line. AMSC's net loss widened to $8.7 million ($0.32 per share) compared to $5.4 million ($0.20 per share) in Q1 2021. Despite challenges, the company secured approximately $50 million in new orders, maintaining an order book over $100 million, and expects second-quarter revenues between $23 million and $27 million.
AMSC (NASDAQ: AMSC) plans to announce its Q1 FY2022 financial results on August 3, 2022, after market close. The company will hold an investor conference call at 10:00 a.m. ET on August 4, 2022, to discuss these results and the business outlook. AMSC specializes in advanced energy solutions, including grid systems and naval power management, driving renewable energy enhancements globally. Interested parties can listen live or access a replay via the company’s website.
AMSC (NASDAQ: AMSC) announced $40 million in new energy power systems orders, including various voltage control and power factor correction solutions. Over half of the revenue from these orders is expected to be recognized in fiscal 2022. AMSC's CEO highlighted increasing capital spending in the semiconductor industry and a global shift towards renewable energy as key drivers for demand. The company's products aim to enhance grid stability and manage power quality, supporting long-term growth in the energy sector.
AMSC (Nasdaq: AMSC) reported its fourth quarter and fiscal year results for 2021, showcasing a revenue increase to $28.3 million, up from $21.2 million year-over-year. The fiscal year revenues totaled $108.4 million, compared to $87.1 million in 2020. AMSC's net loss for Q4 was $5.0 million, improving from a loss of $7.6 million in Q4 2020. For fiscal 2021, the net loss was $19.2 million, better than the $22.7 million loss in 2020. AMSC expects Q1 2022 revenues between $23 million to $26 million, with a net loss up to $8.9 million.