American Superconductor Corp
AMSCAmerican Superconductor Corp (AMSC) is a technology company specializing in energy solutions, including superconducting and power electronic systems. It develops advanced materials and devices for power grid applications, renewable energy integration, and electric propulsion systems, aiming to enhance grid reliability, efficiency, and sustainability.
Company News
The U.S. STATCOM market is expected to grow at a CAGR of 6.69% through 2033, driven by renewable energy integration, grid modernization, and voltage stabilization demands. However, high initial capital investments pose adoption challenges. IGBT-based technology and medium-power systems currently dominate, while high-power STATCOM and renewable en...
AMSC acquired Comtrafo, a Brazilian transformer manufacturer, for approximately $55 million in cash and $78 million in stock, expanding its grid solutions portfolio and entering the Brazilian market with potential revenue of $55 million in 2025.
Heights Capital Management completely sold its entire stake in American Superconductor, liquidating 340,102 shares worth $12.48 million, reducing its position from 3.3% to 0% of Assets Under Management.
American Superconductor reported an 80.9% year-over-year revenue surge to $72.3 million, driven by semiconductor market strength and AI data center growth, though management's next quarter guidance suggests potential moderation.
American Superconductor reported strong Q1 FY2025 financial results, with revenue surging 79.7% year-over-year to $72.4 million, exceeding analyst expectations. The company saw significant growth in its Grid and Wind segments, driven by demand in grid modernization, semiconductors, and defense markets.
