AMSC Earnings Preview
Esekla • 12 Comments
Esekla • 12 Comments
American Superconductor - Long Shot At A Big Payday
Sneha Shah • 14 Comments
Sneha Shah • 14 Comments
Nov. 2, 2015, 5:30 PM
- ADM, AFSI, ALE, AMAG, AMSC, ANAC, ANIP, ARIA, AUDC, AXLL, AYR, BLMN, CBM, CDK, CEQP, CIE, CIT, DISCA, DNOW, EMR, EXPD, FI, FIS, FLWS, FSS, FTR, GCAP, GEL, GLDD, GLT, GTN, H, HCP, HRS, HTH, HW, HYH, IART, INCY, K, KMT, LPX, MBLY, MDCO, MHFI, MLM, MMP, MOS, NCLH, NGLS, NI, NMM, NNN, NRZ, NS, [[NTi]], NWN, NXST, NXTM, ODP, OZM, PERI, RDC, RHP, RRGB, SALE, SGNT, SMG, SRE, SSH, SUP, TASR, TGH, TRP, TWI, TZOO, UAM, UNT, VMC, VSH, WLK, WNR, WPC, WPG, ZTS
Aug. 31, 2015, 12:47 PM
Aug. 31, 2015, 9:41 AM
- Indian wind turbine maker Inox Wind has placed a $40M order for American Superconductor's (NASDAQ:AMSC) turbine electrical control systems. Shipments are expected to begin this quarter, with "the vast majority" expected to be finished by the end of FY15 (ends March '16).
- Inox placed a $15M order with AMSC a year ago. $6M worth of Asia-Pac grid product orders were announced last week.
Aug. 26, 2015, 1:13 PM
- American Superconductor (AMSC -0.5%) has landed $6M worth of orders to "supply a PQ-IVR Power Quality Solution to a semiconductor fabrication plant and a D-VAR Renewable Interconnectivity Solution to a wind farm in Australia." The systems are expected to be delivered by the end of FY15 (ends in March).
- The PQ-IVR system is meant to help a chip manufacturer protect against "momentary voltage sags and swells" that can affect chip production. The D-VAR system "provides the critical dynamic reactive compensation essential to connect renewable power plants to the grid effectively." For reference, AMSC had March quarter revenue of $23.7M.
Aug. 5, 2015, 12:46 PM
- American Superconductor (NASDAQ:AMSC) expects FQ2 revenue of $18M-$20M and EPS above -$0.65. Consensus is at $20M and -$0.70.
- Wind turbine component rose 137% Y/Y in FQ1 to $18.2M, and smart grid product revenue rose 37% to $5.6M. GAAP operating expenses fell by $800K Y/Y to $11.5M. Gross margin was 13.6% after being negative a year ago.
- Thanks to the company's stock offering, the cash balance rose to $42.6M from $24.5M at the end of FQ4.
- AMSC has fallen to fresh split-adjusted lows. Its market cap stands at $64.4M.
- FQ1 results, PR
Aug. 5, 2015, 8:36 AM
- American Superconductor (NASDAQ:AMSC): FQ1 EPS of -$0.72 misses by $0.03.
- Revenue of $23.72M (+102.7% Y/Y) beats by $0.9M.
Aug. 4, 2015, 5:30 PM
- AMSC, ANSS, ARIA, ARQL, ATHM, ATRO, AVA, AVT, BLT, CEQP, CHK, CLDT, CLH, CMLP, CONE, CRK, CRME, CSTE, CSTM, CTSH, D, DAVE, DISCA, DISH, DNOW, DNR, EE, ENBL, FI, GDP, GTN, HCA, HFC, HSC, ICE, INXN, KATE, KELYA, KERX, LDOS, LG, LINC, LIOX, LL, LPLA, MEMP, MSI, MSO, MWE, PCLN, PWR, RDC, RL, SALE, SBGI, SCMP, SE, SNAK, SODA, SPAR, SPB, SUP, TMHC, TWX, USAC, VC, VLP, VOYA, VSI, WCG, WD, WEN, WIX
Jun. 9, 2015, 5:51 PM
- American Superconductor (NASDAQ:AMSC) discloses a Chinese court has dismissed (citing a lack of evidence) a software copyright infringement suit filed by its Chinese subsidiary against ex-licensee Sinovel, with whom AMSC has been in a long-running dispute over the theft of wind turbine software code.
- The company is "seeking a cease and desist order with respect to the unauthorized use of its software, monetary damages of RMB 1.2 million (approximately $0.2 million) for its economic losses (with respect to Guotong only) and reimbursement of all costs and reasonable expenses." It plans to file an appeal.
- AMSC's shares soared in Feb. 2014 after China's Supreme Court ruled the company's infringement cases against Sinovel and Gutong Electric would be separate from its arbitration claims.
May 28, 2015, 3:05 PM
- Though it beat FQ4 estimates, American Superconductor (NASDAQ:AMSC) is guiding for FQ1 EPS to be "less than" -$0.70; that's unfavorable to a -$0.63 consensus. Revenue guidance of $22M-$24M is in-line with a $23.6M consensus, and slightly below at the midpoint.
- Financials: FQ4 Wind division revenue (turbine components) +66% Y/Y to $21.2M. Grid division (smart grid components) +12% to $4.1M. SG&A spend fell by $3.8M Y/Y to $5.7M; R&D fell by $200K to $2.9M.
- Thanks in part to its $8.4M arbitration payment to Ghodawat, AMSC ended FQ4 with $24.5M in cash, down from $37.6M at the end of FQ3. A stock offering expected to yield net proceeds of $22.3M was launched last month.
- FQ4 results, PR
May 28, 2015, 8:51 AM
- American Superconductor (NASDAQ:AMSC): FQ4 EPS of -$0.69 beats by $0.01.
- Revenue of $25.1M (+54.1% Y/Y) beats by $0.48M.
- Shares +0.3% PM.
May 27, 2015, 5:30 PM
May 19, 2015, 9:16 AM
- The U.S. Navy has awarded American Superconductor (NASDAQ:AMSC) a contract worth up to $8.5M to provide high-temperature superconductor (HTS) ship-protection equipment.
- AMSC announced last month the Navy had "created a sole source solicitation notice" for the company's equipment, and that AMSC had "established a relationship with the Navy to develop HTS power cable hardware for ship board power applications."
- Shares have risen to $6.65 in premarket trading.
Apr. 24, 2015, 12:45 PM
Apr. 24, 2015, 9:17 AM
Apr. 24, 2015, 9:16 AM
- American Superconductor (NASDAQ:AMSC) has priced a 4M-share stock offering at $6, 40% below a Thursday close of $10. Net proceeds are expected to total $22.3M.
- The company also states it expects FQ4 revenue of $24M-$25M, at the high end of a prior guidance range of $23M-$25M; consensus is at $24.6M.
- A factor behind the offering: AMSC expects to report a cash balance of $24.5M for the end of FY14 (ended March 31), down from $37.6M at the end of FQ3. The Q/Q drop is due to an arbitration payment to ex-licensee Ghodawat Energy.
- Shares have plunged to $6.80 in premarket trading. They had risen 32% on the week prior to the announcements, thanks in part to a Navy solicitation notice.
Apr. 23, 2015, 5:39 PM
American Superconductor Corp. is a provider of megawatt-scale solutions that lower the cost of wind power and enhance the performance of the power grid. The company operates through two business segments: Windtec and Gridtec. Through its Windtec Solutions, the Wind business segment enables... More
Industry: Diversified Electronics
Country: United States
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