Seeking Alpha

Wind turbine parts maker AMSC (AMSC -2.3%) trades lower after the company terminates its $265M...

Wind turbine parts maker AMSC (AMSC -2.3%) trades lower after the company terminates its $265M acquisition agreement for Finnish peer The Switch Engineering Oy, citing adverse market conditions for financing the deal. The collapse of the deal is the latest in a series of setbacks for the company, having earlier faced contractual issues with its largest customer, China-based Sinovel Wind Group, who failed to pay for its deliveries over two quarters.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs