American Superconductor Corporation
 (AMSC)

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  • 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. 5, 2015, 8:36 AM
  • Aug. 4, 2015, 5:30 PM
  • 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.
    | Jun. 9, 2015, 5:51 PM | 3 Comments
  • 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, 3:05 PM
  • 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 28, 2015, 8:51 AM | 1 Comment
  • 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.
    | May 19, 2015, 9:16 AM
  • Apr. 24, 2015, 12:45 PM
    | Apr. 24, 2015, 12:45 PM
  • Apr. 24, 2015, 9:17 AM
    | Apr. 24, 2015, 9:17 AM | 4 Comments
  • 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. 24, 2015, 9:16 AM | 3 Comments
  • Apr. 23, 2015, 5:39 PM
    | Apr. 23, 2015, 5:39 PM
  • Apr. 22, 2015, 12:45 PM
    | Apr. 22, 2015, 12:45 PM
  • Apr. 20, 2015, 6:53 PM
    • The U.S. Navy has "created a sole source solicitation notice" for American Superconductor's (NASDAQ:AMSC) high-temperature superconductor (HTS) equipment. AMSC has also "established a relationship with the Navy to develop HTS power cable hardware for ship board power applications."
    • AMSC notes it has collaborated with the Navy for several years on an HTS-based degaussing system, and that the system's core components are "transferable to other applications being targeted for ship implementation."
    • The company notes its ship protection systems for the Navy reduce a ship's magnetic signature, which in turn interferes with the ability of an undersea mine to detect and damage a ship. It claims its products can cut degaussing system weight by 50%-70%. On its site, AMSC claims its Amperium HTS wire "conducts approximately 200 times the electrical current of copper wire of similar dimensions."
    • Shares have risen to $8.41 AH, hitting their highest levels since a 1:10 reverse split took effect on March 25.
    | Apr. 20, 2015, 6:53 PM | 3 Comments
  • Mar. 25, 2015, 10:16 AM
    • American Superconductor (NASDAQ:AMSC) is selling off as a 1-for-10 reverse split carried out to regain Nasdaq minimum bid compliance takes effects.
    • Shares are 14% above a split-adjusted low of $5.67, and 70% below a split-adjusted high of $21.50. With long-term liquidity concerns still around, AMSC trades for less than 0.4x estimated FY16 (ends March '16) sales after factoring net cash; the FY16 revenue growth consensus is at 47%.
    • SA author Hawkinvest made a bull case for the smart grid/wind turbine component maker in February, arguing Indian wind investments and GE's efforts to create resilient grid systems are positives.
    | Mar. 25, 2015, 10:16 AM
  • Mar. 25, 2015, 9:11 AM
    | Mar. 25, 2015, 9:11 AM
  • Mar. 24, 2015, 5:39 PM
    • With shares having traded below $1.00 for several months (thus running afoul of the Nasdaq's $1.00 minimum bid rule), American Superconductor (NASDAQ:AMSC) has signed off on a 1-for-10 reverse split. Shares begin trading on a post-split basis tomorrow.
    • AMSC +3.4% AH to $0.725.
    | Mar. 24, 2015, 5:39 PM
Company Description
American Superconductor Corp provides megawatt-scale solutions that lower the cost of wind power and enhance the performance of the power grid. The Company's business segments are Wind and Grid.