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 Corp. (AMSC) provides megawatt-scale power resiliency solutions for electric-grid, naval and renewable-energy applications. The company operates through Gridtec Solutions, which provides engineering planning services and advanced grid systems; Marinetec Solutions, which provides ship protection systems and develops propulsion and power-management solutions; and Windtec Solutions, which provides wind turbine controls, systems, designs and engineering services.
AMSC news commonly covers quarterly financial results, business outlooks, bookings and backlog trends, margin performance, and demand across utility, industrial, semiconductor, renewable-energy and naval markets. Company updates also include portfolio expansion through acquisitions such as Comtrafo in Brazil, integration of power and distribution transformer capabilities, and capital actions involving its Nasdaq-listed common stock.
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.
AMSC (NASDAQ: AMSC) announced plans to release its Q4 and full fiscal year 2021 financial results after market close on June 1, 2022. The company's management will discuss the financial results, market trends, and business outlook during a conference call on June 2, 2022, at 10:00 a.m. ET. Investors can access the call via the company’s website or by dialing in. AMSC focuses on power resiliency solutions and is engaged in optimizing energy networks through its innovative technologies.
AMSC announced $24 million in new orders for energy power systems amid the growing demand for renewable energy solutions. The orders encompass various components including reactive compensation systems and transformers, vital for stabilizing power grids. CEO Daniel P. McGahn highlighted the strong start to fiscal 2022, reflecting robust bookings in this sector. AMSC’s solutions, including D-VAR® and NEPSI™, aim to enhance voltage control and power quality, catering to utilities’ needs as the shift toward sustainability accelerates.
AMSC (Nasdaq: AMSC) reported its financial results for Q3 FY2021, revealing revenues of $26.8 million, up from $23.6 million year-over-year, attributed to growth in the Grid segment following the Neeltran acquisition. The company posted a net loss of $4.3 million or $0.16 per share, improved from a loss of $7.9 million or $0.31 per share in Q3 FY2020. Looking ahead, AMSC anticipates Q4 revenues between $26 million and $29 million with a projected net loss not exceeding $6.7 million.
AMSC has announced $23 million in new energy power systems orders, representing a 50% increase over last year. This growth is attributed to strong bookings driven by markets including renewables, metals and mining, and chemicals. The order encompasses various products such as reactive compensation systems and voltage controllers. AMSC is focused on enhancing grid reliability and capacity, offering solutions to stabilize power grids and manage quality concerns. The company aims to continue diversifying its offerings amid rising demand in the energy sector.
AMSC (NASDAQ: AMSC) will announce its third quarter fiscal year 2021 financial results on February 2, 2022, after market close. A conference call for investors and analysts is scheduled for February 3, 2022, at 10:00 a.m. ET. During the call, management will discuss market trends, recent achievements, financial results, and future outlook. Interested parties can access the call through the company’s website. AMSC specializes in power resiliency solutions for both the grid and the Navy, aiming to enhance energy efficiency and operational safety.
AMSC has successfully delivered its high temperature superconductor (HTS)-based ship protection system for the USS Fort Lauderdale (LPD-28), marking the first of four contracts for the San Antonio class amphibious transport dock ships. This milestone highlights AMSC's innovative technology that significantly reduces system weight and enhances power efficiency compared to traditional copper-cable systems. The company aims to work closely with the U.S. Navy on future installations, further expanding its HTS technology's applications.
AMSC (Nasdaq: AMSC) reported its Q2 fiscal 2021 results, showing a revenue increase to $27.9 million, up from $21.1 million year-over-year, primarily driven by growth in the Grid segment. However, net losses were reported at $4.4 million ($0.16 per share), compared to a loss of $3.7 million ($0.17 per share) in Q2 FY2020. Non-GAAP net losses also worsened to $5.1 million ($0.19 per share). Looking ahead, AMSC expects Q3 revenues between $25 million and $28 million with a projected net loss not to exceed $7.0 million.
AMSC (NASDAQ: AMSC) will announce its second quarter fiscal 2021 financial results after market close on November 8, 2021. Following this, on November 9, AMSC management will host a conference call at 10:00 a.m. ET to discuss financial results, recent accomplishments, and future business outlook. Investors are encouraged to access the call via the Company’s website, and a replay will be available shortly after. AMSC specializes in power resiliency solutions and aims to meet the global demand for smarter, cleaner energy.