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AMSC

American Superconductor Corporation

6/19/2013, 10:45 AM ET

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Friday, June 14, 12:45 PM Midday top 10 gainers: BCSB +31%. RH +18%. CDXS +17%. SGOC +17%. BLIN +16%. LGL +15%. RVLT +13%. GRPN +13%. UNXL +12%. FMAR +12%.
Midday top 10 Losers: CEMP -14%. OSH -14%. UNTK -13%. UPI -12%. EDAP -12%. CPST -11%. OCLS -11%. CLSN -10%. AMSC -9%. ACH -9%. Comment! [On the Move]
Friday, June 14, 10:43 AM Mixed FQ4 results and light guidance lead American Superconductor (AMSC -10.6%) to tumble towards its 52-week low of $2.30. The superconductor/wind turbine parts maker expects FQ1 revenue to exceed $22M and EPS to be better than -$0.26; the consensus is at $24.1M and -$0.18. FQ4 gross margin was 11.1%, +600 bps Q/Q but -130 bps Y/Y. Wind division sales -47% Y/Y (were -33% in FQ3), grid division -3% (a big reversal from FQ3's +34%). R&D spend -35% Y/Y to $3.8M, SG&A -23% to $13.3M. (PR) Comment! [Tech, Earnings, On the Move]
Friday, June 14, 9:19 AM Premarket gainers: RH +13%. PXLW +11%. GRPN +8%. SCTY +8%. SYRG +6%. INVN +6%. ACAD +6%. SWHC +5%.
Losers: CEMP -14%. AMSC -9%. HIMX -7%. CLSN -5%. Comment! [On the Move]
Friday, June 14, 8:05 AM American Superconductor (AMSC): FQ4 EPS of -$0.35 misses by $0.14. Revenue of $20.4M beats by $1.6M. (PR) Comment! [Earnings, Breaking News, Tech]
Friday, June 14, 12:05 AM Notable earnings before Friday's open: AMSC, SFD Comment! [Earnings]
Thursday, June 13, 5:30 PM Notable earnings before Friday's open: AMSC, SFD Comment! [Earnings]
Friday, May 24, 1:27 PM American Superconductor (AMSC -2.2%) slides after saying earlier that China's Supreme People's Court has scheduled a hearing for May 29 to review the jurisdiction of the company's software copyright infringement cases against Sinovel Wind Group and Guotong Electric. These are just two of the four legal cases that AMSC filed against Sinovel regarding its alleged contractual breaches and alleged discovery of intellectual property theft by Sinovel. AMSC is seeking a cease and desist order and damages totaling $6M. Comment! [Tech, Global & FX, On the Move]
Friday, April 19, 5:32 PM After-hours top gainers, as of 5:15 p.m.: AMSC +4%. PCYG +3%. UVXY +3%. FIG +3%. ABX +3%.
After-hours top losers: LCI -6%. FMX -6%. STI -4%. FNFG -3%. WSB -3%. Comment! [On the Move]
Monday, April 1, 5:37 PM After-hours top gainers, as of 5:15 p.m.: BGCP +43%. HUM +9%. NUAN +6%. AMSC +6%. UNH +4%.
After-hours top losers: NAT -6%. ATLS -3%. CECO -3%. SCVL -3%. IMN -2%. 1 Comment [On the Move]
Monday, April 1, 4:37 PM American Superconductor (AMSC) +5.8% AH after stating it expects to report FQ4 (ended yesterday) revenue of $19M-$20M. That's above prior guidance of $18M, but only in-line with a $20M consensus. Perhaps more importantly, AMSC says it expects to "achieve positive net cash flows on a quarterly basis" by the end of FY14 (ends March '14), while adding it would need to be on a $180M-$190M/year revenue run rate to achieve this goal. AMSC's FY14 revenue consensus stands at $102.5M. (PR) 1 Comment [Tech, Earnings, On the Move]
Monday, February 11, 5:44 PM After-hours top gainers, as of 5:15 p.m.: RXN +13%. GTE +9%. MAS +5%. NCLH +4%. BCOR +3%.
After-hours top losers: AMSC -8%. ORIG -5%. NTI -5%. MTGE -3%. GMED -3%. Comment! [On the Move]
Monday, February 11, 4:57 PM More on American Superconductor: The company has received a new $30M order from wind turbine maker Inox. FQ4 guidance is for revenue of $18M+ and EPS above -$0.23 vs. a consensus of $25.8M and -$0.26. The FQ3 revenue miss is blamed on "delayed revenue recognition" from a Wind division client; no explanation for why FQ4 revenue guidance is also light. Wind division sales -33% Y/Y to $6.8M, Grid division +34% to $10.6M thanks to strong D-VAR sales. Gross margin was just 5.1%, but up from FQ2's 2.3%. AMSC -4.2% AH after rallying 10.6% in normal trading. CC at 5PM ET (webcast). (PR) Comment! [Tech, Earnings, On the Move]
Monday, February 11, 4:27 PM American Superconductor (AMSC): FQ3 EPS of -$0.26 beats by $0.04. Revenue of $17.4M misses by $6.3M. (PR) Comment! [Earnings, Breaking News, Tech]
Monday, February 11, 12:10 AM Notable earnings after Monday’s close: AMSC, BKD, BNNY, CRK, DNB, LGF, MAS, MNKD, NCLH, NQ, OMI Comment! [Earnings]
Sunday, February 10, 5:35 PM Notable earnings after Monday’s close: AMSC, BKD, BNNY, CRK, DNB, LGF, MAS, MNKD, NCLH, NQ, OMI 1 Comment [Earnings]
Friday, December 21, 2012, 10:01 AM American Superconductor (AMSC -4.4%) slips after disclosing it's allowing Capital Ventures, which provided the company with needed funds earlier this year, to exchange a regular note for a convertible note. It's also allowing Capital to own up to 9.99% of AMSC, up from a prior 4.99%. (previous) Comment! [Tech, On the Move]