The Zacks Electronics - Miscellaneous Components industry has been suffering from macroeconomic uncertainties and end-market volatility. Moreover, geo-political tensions, unfavorable forex and high inflation weigh heavily on the industry’s prospects.Nevertheless, Novanta (NOVT) , OSI Systems (OSIS) , Rogers (ROG) and American Superconductor (AMSC) are well-poised to benefit from the solid adoption of AI and the democratization of IoT techniques, which are transforming robotics, transportation systems, retai ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, June 17th:Reinsurance Group of America, Incorporated (RGA) : This reinsurance company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days.Reinsurance Group’s shares gained 9.7% over the last three months compared with the S&P 500’s advance of 5.9%. The company possesses a Momentum Score of A.American Superconductor Corporation ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Sunoco LP (SUN) : This retailer of motor fuels has seen the Zacks Consensus Estimate for its current year earnings increasing 24.4% over the last 60 days.First Community Bankshares, Inc. (FCBC) : This financial holding company for First Community Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 8.8% over the last 60 days.American Superconductor Corporation (AMSC) : This power resiliency solutions compa ...

AYER, Mass., June 12, 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, today announced it has entered into a multi-year and multi-unit delivery contract valued at approximately $75 million with Irving Shipbuilding Inc., a Halifax, Canada shipbuilder that has constructed over 80% of Canada’s Navy at sea today, for Ship Pr ...

AYER, Mass., June 12, 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, today announced it has entered into a multi-year and multi-unit delivery contract valued at approximately $75 million with Irving Shipbuilding Inc., a Halifax, Canada shipbuilder that has constructed over 80% of Canada’s Navy at sea today, for Ship Pr ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, June11th:American Superconductor (AMSC) : This leading energy technologies company, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 66.7% over the last 60 days.American Superconductor’s shares gained 50.1% over the last three month compared with the S&P 500’s gain of 0.1%. The company possesses a Momentum Score of A.Cool Company Ltd. (C ...

Investors might want to bet on American Superconductor (AMSC) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since ...

Shares of American Superconductor (AMSC) have been strong performers lately, with the stock up 55.4% over the past month. The stock hit a new 52-week high of $21.19 in the previous session. American Superconductor has gained 88.8% since the start of the year compared to the 16.9% move for the Zacks Computer and Technology sector and the 4.7% return for the Zacks Electronics - Miscellaneous Components industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.Our " ...

Financial Data and Key Metrics - Q4 2023 revenue reached a record $42 million, a 32% increase YoY, with Grid business revenue at $34.2 million (up 21% YoY) and Wind business revenue at $7.8 million (more than doubled YoY) [10][15] - Full fiscal year 2023 revenue was $145.6 million, a 35% increase YoY, with Grid business representing 84% and Wind business 16% of total revenue [11][15] - Gross margin for Q4 2023 was 25%, up from 12% YoY, and full-year gross margin was 24%, up from 8% in fiscal 2022 [16] - Net loss for Q4 2023 was $1.6 million ($0.05 per share), compared to $6.9 million ($0.25 per share) YoY, while non-GAAP net income was $1.9 million ($0.06 per share) [17] - Cash, cash equivalents, and restricted cash at the end of fiscal 2023 stood at $92.3 million, up from $25.7 million at the end of fiscal 2022 [17] Business Line Performance - Wind business revenue grew by over 125% YoY in Q4 2023, driven by increased ECS shipments to Inox for both 2MW and 3MW turbines [10][15] - Grid business revenue grew by over 20% YoY in Q4 2023, supported by new energy power systems and ship protection systems [10][15] - The company secured $15 million in 2MW wind turbine ECS orders and $13 million in 3MW ECS orders from Inox in fiscal 2023 [26] Market Performance - Military revenue reached nearly $20 million in fiscal 2023, including ship protection and new energy power systems [13] - Renewable projects accounted for about one-third of total sales, while industrial, mining, and semiconductor projects represented significant portions of the revenue mix [12] - The company delivered and tested its first ship protection system, with two more systems currently being delivered [13] Strategic Direction and Industry Competition - The company is focusing on diversifying its revenue streams, with significant growth opportunities in renewable energy, semiconductors, and military projects [12][13][22] - The Inflation Reduction Act and CHIPS Act in the US are expected to drive demand for the company's new energy power systems [29] - The company is well-positioned to benefit from the global transition to low-carbon energy, with strong demand for its grid solutions in renewable energy and semiconductor markets [28][30] Management Commentary on Operating Environment and Future Outlook - Management highlighted the company's ability to generate cash through improved operating leverage and expects continued growth in fiscal 2024 [10][20] - The company is guiding Q1 2024 revenue to be in the range of $38 million to $42 million, with potential for further growth in subsequent quarters [18][21] - Management expressed confidence in achieving $50 million in quarterly revenue and potentially generating net income in the future [22][33] Other Important Information - The company decided to stop issuing press releases for new energy power systems orders, as growth is now coming from multiple business segments [12] - The 12-month backlog at the end of March 2024 stood at $140 million, providing visibility into future revenue [11] Q&A Session Summary Question: Growth in semiconductor-focused Grid business - The semiconductor market is expected to grow significantly over the next few years, with the company well-positioned to benefit from multiple chip fab projects [37][38] - The company has identified hundreds of millions of dollars in potential business from semiconductor customers and expects to become a preferred solution for future builds [40] Question: Wind business outlook - The Wind business is expected to see further improvement later in fiscal 2024, with potential follow-on orders from Inox [42][43] Question: Book and ship business and data center opportunities - The company is seeing some book and ship business within the quarter, but most orders have a lead time of nine months or more [50] - Data centers are on the company's radar, with potential for future growth as the company explores how its solutions can fit into this market [47][48] Question: Potential to reach $50 million in quarterly revenue - Management believes $50 million in quarterly revenue is achievable, though likely not within the next four quarters, with strong operating leverage and minimal CapEx investment required [54][55] Question: Larger order sizes and content per order - Larger order sizes are driven by both increased project sizes and higher content per order, with potential for further growth in the future [60][61]