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) will announce its Q1 fiscal 2020 financial results after market close on August 5, 2020. A conference call for investors and analysts will follow on August 6, 2020, at 10:00 a.m. ET, where management will discuss market trends, recent accomplishments, financial results, and future outlook. Interested parties can access the call via the company’s website or by phone. AMSC specializes in megawatt-scale power resiliency solutions with applications in grid technology and naval fleet protection.
AMSC (NASDAQ: AMSC) has entered into a delivery contract with Huntington Ingalls Industries for a high temperature superconducting (HTS)-based ship protection system, set to be integrated into the LPD 31, a San Antonio-class amphibious transport dock ship. This advanced system will enhance mine protection for the U.S. Navy, cutting the degaussing system's weight by 90% and halving energy consumption compared to traditional systems. The contract supports the ongoing development of next-generation warships intended for diverse military operations through the 21st century.
AMSC (NASDAQ: AMSC) announced the commencement of construction on a Resilient Electric Grid (REG) system by Commonwealth Edison Company (ComEd), part of Exelon Corporation. This project aims to enhance Chicago's electric grid resilience against extreme weather and other disruptions. The collaboration follows a contract under the U.S. Department of Homeland Security initiative. Key components like AMSC's Amperium® wire will help improve grid reliability. The REG system is expected to be operational by 2021, with potential for future projects in the downtown area.
AMSC (Nasdaq: AMSC) reported financial results for the fourth quarter and full fiscal year 2019, ending March 31, 2020. Q4 revenues increased to $18.1 million from $14.6 million year-over-year, driven by higher Grid segment sales. The company's net loss narrowed to $5.9 million ($0.27 per share) from $8.4 million ($0.41 per share) a year earlier. For the fiscal year, revenues grew to $63.8 million from $56.2 million. However, AMSC reported a net loss of $17.1 million compared to a net income of $26.8 million in FY 2018. The company expects Q1 2020 revenues between $18 million and $20 million.
AMSC (Nasdaq: AMSC) reported its financial results for Q4 and full fiscal year 2019, showcasing a revenue increase to $18.1 million in Q4, up from $14.6 million in Q4 2018, primarily driven by its Grid segment. However, the company recorded a Q4 net loss of $5.9 million, an improvement from a $8.4 million loss the previous year. Total fiscal year 2019 revenues rose to $63.8 million, yet the net loss was $17.1 million, a drop from a $26.8 million net income in FY 2018. The company expects Q1 2020 revenues between $18 million and $20 million with a projected net loss of up to $6.2 million.
AMSC (NASDAQ: AMSC) will release its fourth quarter and full fiscal year 2019 financial results on June 2, 2020, after market close. A conference call for investors is scheduled for June 3, 2020, at 10:00 a.m. Eastern Time, where management will discuss financial results, market trends, and the company's business outlook. Interested parties can access the call via the company's website or through dial-in options. AMSC specializes in megawatt-scale power resiliency solutions, optimizing grid performance and enhancing renewable energy capabilities.