American Superconductor Corp Stock Price, News & Analysis

AMSC announced $22 million in new energy power systems orders, including reactive compensation solutions, capacitor banks, and transformers. CEO Daniel P. McGahn highlighted strong bookings momentum and expects it to continue into the second half of fiscal 2021, driven by recent acquisitions and organic growth. The company focuses on enhancing power grid stability and expanding grid capacity for renewable energy through solutions like D-VAR and VVO.

AMSC's Resilient Electric Grid (REG) System has been successfully integrated into ComEd's power grid, enhancing reliability and performance. The REG system utilizes AMSC's advanced Amperium® wire to improve grid resilience against failures caused by cyber threats and severe weather.

ComEd, serving over 4 million customers in northern Illinois, will monitor the REG's impact over the next year to consider broader deployment. The project received funding from the Department of Homeland Security, highlighting its importance for national grid security.

AMSC (Nasdaq: AMSC) reported a revenue increase to $25.4 million for Q1 FY2021, up from $21.2 million in Q1 FY2020, driven by strong growth in its Grid segment, particularly from new energy power systems and ship protection systems. However, the company posted a net loss of $5.4 million, or $0.20 per share, compared to a $3.4 million loss, or $0.16 per share, a year earlier. For Q2 FY2021, AMSC anticipates revenues between $24 million and $27 million and a net loss not exceeding $6.7 million, or $0.25 per share.

AMSC has announced new energy power systems orders totaling $21 million, focusing on mining and semiconductor industries. Orders include reactive compensation, harmonic filters, and voltage controllers. CEO Daniel P. McGahn emphasized the potential for revenue growth in fiscal 2021 due to recent acquisitions. The company's solutions aim to stabilize power grids and improve quality, especially for renewable energy. However, there are risks related to operating losses and supply chain vulnerabilities that could affect performance.

AMSC (NASDAQ: AMSC) announced it will release its first quarter fiscal year 2021 financial results after market close on August 4, 2021. A conference call with management will take place on August 5, 2021, at 10:00 a.m. ET, discussing market trends, financial results, and the company's business outlook. Interested parties can access the call via the company's website or by phone. AMSC specializes in power resiliency solutions, serving both the energy grid and the Navy fleet, enhancing efficiency and safety across various applications.

AMSC (Nasdaq: AMSC) reported Q4 and fiscal year 2020 results, with revenues of $21.2 million, a rise from $18.1 million in Q4 2019, attributable to increased Grid segment revenues. However, the company experienced a net loss of $7.6 million in Q4 2020, compared to $5.9 million in Q4 2019. For the full fiscal year, revenues grew to $87.1 million from $63.8 million in 2019, partly due to the NEPSI acquisition. The net loss for the fiscal year was $22.7 million. AMSC projects Q1 2021 revenues between $22 million and $26 million, with a net loss not exceeding $6.5 million.

AMSC has announced over $19 million in new energy power system orders, primarily for its D-VAR STATCOM and VVO systems, as well as NEPSI capacitor banks and harmonic filters. These orders are aimed at the industrial and renewable energy sectors and are expected to enhance voltage regulation across various applications, including semiconductor fabs and wind power plants. Revenue from these orders is anticipated to be recognized in fiscal year 2021. The company expects its Grid business to drive revenue growth, capitalizing on increased order traction and cross-selling opportunities.

AMSC (NASDAQ: AMSC) announced it will release its Q4 and full fiscal year 2020 financial results after market close on June 2, 2021. A conference call with management will occur on June 3, 2021, at 10:00 a.m. ET to discuss financial results, market trends, and business outlook. Investors can access the live webcast through the company's website or preregister for the call to bypass the operator. AMSC specializes in power resiliency solutions for the grid and the Navy’s fleet, contributing to renewable energy systems globally.

AMSC has acquired Neeltran, Inc. for $4.5 million in cash and $4.3 million in stock, expanding its industrial sector offerings. This acquisition is expected to enhance AMSC's product lineup, potentially increasing sales content by 2-3x and expanding its total market to nearly $3B. AMSC anticipates the deal will generate positive operating cash flow and be accretive to earnings per share within 12 months. Neeltran's expertise in rectifiers and transformers aligns with AMSC's goals in the growing electric vehicle market.