Core Viewpoint - American Superconductor Corporation (AMSC) announced its intention to offer and sell shares of its common stock in an underwritten public offering, with the net proceeds intended for working capital and general corporate purposes [1] Group 1: Offering Details - AMSC plans to grant underwriters a 30-day option to purchase additional shares in the public offering [1] - Oppenheimer & Co. Inc. is acting as the sole book-running manager for the offering [2] - A shelf registration statement for the shares has been filed with the Securities and Exchange Commission (SEC) and is effective [2] Group 2: Prospectus Information - A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC to describe the terms of the proposed offering [3] - The securities will be offered only by means of a prospectus, including a prospectus supplement, forming part of the effective registration statement [3] - Copies of the preliminary prospectus supplement and accompanying prospectus can be obtained from Oppenheimer & Co. Inc. [3]

Investors might want to bet on American Superconductor (AMSC) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. ...

Key PointsAmerican Superconductor provides power resiliency systems worldwide for power grids and wind turbines.The company reported its second consecutive quarter of non-GAAP EPS profits and 64.8% YoY revenue growth.Twelve-month backlog rose 25% YoY to $132 million.5 stocks we like better than American SuperconductorMegawatt-scale power resiliency solutions provider American Superconductor Co. NASDAQ: AMSC shares surged 40% on its Q3 2023 earnings report and upside guidance. The computer and technology sec ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2023 was $39.4 million, up from $23.9 million in the same quarter last year, representing a growth of approximately 65% [14] - Gross margin improved to 25% in Q3 2023 from 2% in the year-ago quarter, driven by higher revenues and a favorable product mix [14][15] - Non-GAAP net income for Q3 2023 was $900,000 or $0.03 per share, compared to a net loss of $7.7 million or $0.27 per share in the prior year [15] Business Line Data and Key Metrics Changes - The grid segment accounted for approximately 85% of total revenue, growing over 60% year-over-year, while the wind segment contributed 15% and grew about 90% [8][14] - New energy power systems orders averaged over $30 million per quarter during fiscal year 2023, with wind and solar projects accounting for approximately two-thirds of total orders [10] Market Data and Key Metrics Changes - The company booked over $34 million in new orders during Q3 2023, increasing the 12-month backlog to over $137 million, a nearly 25% increase compared to the previous year [9] - Strong demand was noted across various markets, including renewables, industrials, and military applications, indicating a diversified customer base [18] Company Strategy and Development Direction - The company aims to continue diversifying its grid business and expanding its market presence in renewables, mining, and military sectors [19][20] - A focus on integrating acquisitions to broaden product offerings and enhance market competitiveness was emphasized [22][52] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong market demand and a robust pipeline of opportunities, particularly in the wind market in India and U.S. Navy programs [18][20] - The company believes it is well-positioned to capitalize on trends related to climate change, electrification of transportation, and investments in renewables and semiconductors [21][53] Other Important Information - The company expects Q4 2023 revenues to be in the range of $36 million to $40 million, with a net loss not exceeding $3.5 million [16] - Operating cash flow for Q3 2023 was positive at $1.3 million, marking the second consecutive quarter of positive cash flow [15][17] Q&A Session Summary Question: Discussion on the 3-megawatt order and its expected impact - Management indicated that the 3-megawatt order would be balanced between the first two quarters of fiscal 2024, with delivery dependent on timely payments from the customer [25][26] Question: Impact of pricing on year-over-year growth - Management noted that pricing initiatives have been reconciled with costs, and while pricing contributed to growth, the increase in project sizes also played a significant role [35][36] Question: Trends in supply chain and lead times - Lead times have improved to 9 to 15 months depending on the product line, which is expected to facilitate the conversion of backlog to revenue [47][48] Question: Expansion of product portfolio - Management expressed interest in further expanding the product portfolio through both in-house development and potential acquisitions [45][46]

American Superconductor (AMSC) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.07 per share. This compares to loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 142.86%. A quarter ago, it was expected that this wind turbine component maker would post a loss of $0.12 per share when it actually produced break-even earnings, delivering a surprise of 100%.Over th ...

Q3 Financial Highlights: Revenues Increased Over 60% Year Over Year to $39 MillionReported 25% Gross Margin and Achieved Non-GAAP Net Income Generated $1.3 Million of Operating Cash Flow Company to host conference call tomorrow, January 25th at 10:00 am ET  AYER, Mass., Jan. 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 and resiliency o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 31, 2023 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____. Commission File Number: 0-19672 American Superconductor Corporation (Exact name of registrant as specified in its charter) Delaware 04-2959321 (State or ...

AYER, Mass., Jan. 22, 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 third quarter fiscal year 2023 financial results after the market close on Wednesday, January 24, 2024. In conjunction with this announcement, AMSC management will participate in a conference call with inves ...

American Superconductor (AMSC) shares soared 5.4% in the last trading session to close at $10.24. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 12% loss over the past four weeks.The upswing came after the company discloses receiving an $8 million order for its 3-megawatt class wind turbine electrical control systems (ECS) from India’s premium wind turbine manufacturer, Inox Limited. Inox has requested for immediate delivery whi ...

Investors in American Superconductor (AMSC 6.28%) stock are having a pretty good week so far. On Tuesday, the provider of technology to electrical grid operators and wind turbine manufacturers announced an enlarged follow-on order from Inox Wind, a wind turbine manufacturer in India. That, in turn, elicited a price target boost and a renewed buy rating from analyst Eric Stine of investment bank Craig-Hallum on Wednesday morning.Investors quickly responded to the price target hike, bidding up American Superc ...