American Superconductor delivered Q2 net income of nearly $5 million and grew revenues by 60% YOY. AMSC's acquisition of NWL added to the bottom line and helped to boost the backlog to over $300 million. The outlook for the second half of 2024 and FY2025 is positive as well with Q3 revenues expected to be in the range of $55M to $60M.
AYER, Mass., Oct. 24, 2024 (GLOBE NEWSWIRE) -- AMSC® (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of our Navy's fleet, announced today that it plans to release its second quarter fiscal year 2024 financial results after the market close on Wednesday, Octo...
In the last 12 months shares of little known Massachusetts-based American Superconductor have soared 276%. No, American Superconductor is not some sizzling hot new AI company.
Thanks to AI data centers and electric vehicles, U.S. electricity demand is growing like it hasn't for decades. These three companies help build smarter and cleaner electrical infrastructure.
AYER, Mass., Sept. 10, 2024 (GLOBE NEWSWIRE) -- AMSC (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability and resiliency of our Navy's fleet, today announced updated financial guidance for its second fiscal quarter ending September 30, 2024 to reflect the recentl...
American Superconductor Corporation (NASDAQ:AMSC ) Q1 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Nicol Golez - Director of Communications Daniel McGahn - Chairman, President and CEO John Kosiba - CFO, SVP and Treasurer Conference Call Participants Eric Stine - Craig Hallum Colin Rusch - Oppenheimer Justin Clare - ROTH Capital Partners Operator Good day, and we...
American Superconductor reported stronger-than-expected earnings and 33% sales growth last night. GAAP earnings are still negative and may remain so for another year.
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