American Superconductor Corp Stock Price, News & Analysis

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.

AMSC has secured $15 million in new energy power system orders, primarily for its D-VAR® STATCOM and D-VAR VVO® systems, aimed at enhancing grid stability for the renewable and industrial sectors in the U.S. The revenue from these orders is anticipated to be recognized in fiscal year 2021. The company expects continued growth in its Grid business, as stated by CEO Daniel P. McGahn, who emphasized AMSC's capability to support power quality and expand grid capacity for renewable energy.

AMSC (Nasdaq: AMSC) reported third-quarter fiscal 2020 revenues of $23.6 million, up from $17.9 million year-over-year, driven by increased revenues in both Grid and Wind segments. The net loss for the quarter was $7.9 million ($0.31 per share), slightly improved from a net loss of $6.8 million ($0.32 per share) in Q3 2019. The company's cash and equivalents rose to $84.4 million by December 31, 2020. For Q4, AMSC anticipates revenues of $18 million to $22 million with expected net losses not exceeding $8 million.

AMSC (NASDAQ: AMSC) plans to release its third quarter fiscal year 2020 financial results on February 3, 2021, after market close. A conference call will follow on February 4, 2021, at 10:00 a.m. ET, where management will discuss market trends, recent accomplishments, financial results, and business outlook. Investors can listen to the call via the company's website or by phone. AMSC is a provider of power resiliency solutions, optimizing grid performance and enhancing the operational safety of naval fleets.

AMSC has secured its fourth contract for a high temperature conductor (HTS)-based ship protection system with the U.S. Navy to be used on the USS Richard M. McCool Jr. (LPD-29). This contract highlights AMSC's commitment to enhancing naval fleet capabilities by reducing magnetic signatures to protect against undersea mines. The San Antonio-class ships are crucial for various military operations, expected to serve throughout the 21st century. AMSC continues to innovate in power resiliency solutions, aiming to bolster military and renewable energy sectors.