Core Insights - HEIGHTS Capital Management has completely liquidated its position in American Superconductor, resulting in a reduction of approximately $12.48 million in exposure [2][3][7] - The fund's previous stake in American Superconductor represented 3.3% of its assets under management (AUM), which is now reduced to 0% [4][7] Company Overview - American Superconductor Corporation is a prominent provider of advanced power resiliency and grid solutions, catering to the energy and industrial sectors with a diverse product portfolio [9] - The company specializes in megawatt-scale power resiliency solutions, including grid interconnection systems, power quality systems, and wind turbine designs [9][12] - As of November 13, 2025, the share price of American Superconductor was $31.52, reflecting a year-to-date performance increase of 28% [5][4] Market Context - The decision by HEIGHTS Capital Management to exit its position in American Superconductor highlights the volatility and rapid changes in investment strategies within the clean-energy and grid-tech sectors [10] - Despite the exit, American Superconductor continues to focus on modernizing the grid and increasing the reliability of power, which aligns with growing demand in the renewable energy space [11]