AMSC secures $23M energy power systems orders

Feb. 01, 2022 8:33 AM ETAmerican Superconductor Corporation (AMSC)By: Preeti Singh, SA News Editor1 Comment
  • AMSC (NASDAQ:AMSC) has secured new energy power systems orders, worth $23M.
  • The order includes reactive compensation, enclosed capacitor banks, harmonic filters, voltage controllers, rectifiers and transformers.
  • AMSC CEO Daniel McGahn stated, "Our new energy power systems orders are 50% higher than we announced a year ago. We expect to continue to grow and diversify our Grid business with our strong bookings in the renewables, metals and mining, and chemical markets."
  • AMSC +2.32% pre-market

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