American Superconductor (AMSC)
Market Price (5/19/2026): $50.19 | Market Cap: $2.2 BilSector: Industrials | Industry: Heavy Electrical Equipment
American Superconductor (AMSC)
Market Price (5/19/2026): $50.19Market Cap: $2.2 BilSector: IndustrialsIndustry: Heavy Electrical Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41% Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Sustainable Infrastructure. Themes include Wind Energy Development, Battery Storage & Grid Modernization, Show more. | Expensive valuation multiplesP/SPrice/Sales ratio is 7.9x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 162x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 109x Stock price has recently run up significantly12M Rtn12 month market price return is 109% Key risksAMSC key risks include [1] significant revenue concentration with key customers and [2] challenges in sustaining profitability due to high operating expenses that hinder the conversion of revenue growth into net income. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Sustainable Infrastructure. Themes include Wind Energy Development, Battery Storage & Grid Modernization, Show more. |
| Expensive valuation multiplesP/SPrice/Sales ratio is 7.9x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 162x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 109x |
| Stock price has recently run up significantly12M Rtn12 month market price return is 109% |
| Key risksAMSC key risks include [1] significant revenue concentration with key customers and [2] challenges in sustaining profitability due to high operating expenses that hinder the conversion of revenue growth into net income. |
Qualitative Assessment
AI Analysis | Feedback
American Superconductor (AMSC) stock has gained about 70% since 1/31/2026 because of the following key factors:
1. Exceptional Q3 FY2025 Financial Results and Robust Outlook. American Superconductor reported strong third-quarter fiscal year 2025 results on February 4, 2026, with revenue reaching $74.5 million, marking a 21% year-over-year increase and surpassing analyst estimates. The company posted a significant diluted earnings per share (EPS) of $2.75, far exceeding analyst expectations of $0.11 to $0.15, largely driven by a non-recurring $113.1 million tax benefit from the release of a valuation allowance on a deferred tax asset. Furthermore, AMSC projected positive guidance for Q4 FY2025, expecting revenue to exceed $80.0 million and non-GAAP net income to surpass $8.0 million, or $0.17 per share. The company also reported a substantial 12-month backlog exceeding $250 million, indicating continued strong demand.
2. Soaring Demand for Power Solutions in AI and Data Centers. A significant catalyst for the stock's upward trend was the increasing demand for American Superconductor's grid-stabilizing power solutions, particularly those associated with artificial intelligence (AI) infrastructure and data centers. In February 2026, a blog post from Microsoft highlighting the benefits of high-temperature superconductors for AI data centers contributed to a rally in AMSC's stock, as the company is viewed as a key player in this technology. American Superconductor also announced a milestone by securing its first data center project, which accounted for approximately 5% of its Q3 revenue. The company's products, which help manage the power grid and stabilize voltages, are increasingly critical given the growing electricity demands of AI workloads.
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1. Exceptional Q3 FY2025 Financial Results and Robust Outlook. American Superconductor reported strong third-quarter fiscal year 2025 results on February 4, 2026, with revenue reaching $74.5 million, marking a 21% year-over-year increase and surpassing analyst estimates. The company posted a significant diluted earnings per share (EPS) of $2.75, far exceeding analyst expectations of $0.11 to $0.15, largely driven by a non-recurring $113.1 million tax benefit from the release of a valuation allowance on a deferred tax asset. Furthermore, AMSC projected positive guidance for Q4 FY2025, expecting revenue to exceed $80.0 million and non-GAAP net income to surpass $8.0 million, or $0.17 per share. The company also reported a substantial 12-month backlog exceeding $250 million, indicating continued strong demand.
2. Soaring Demand for Power Solutions in AI and Data Centers. A significant catalyst for the stock's upward trend was the increasing demand for American Superconductor's grid-stabilizing power solutions, particularly those associated with artificial intelligence (AI) infrastructure and data centers. In February 2026, a blog post from Microsoft highlighting the benefits of high-temperature superconductors for AI data centers contributed to a rally in AMSC's stock, as the company is viewed as a key player in this technology. American Superconductor also announced a milestone by securing its first data center project, which accounted for approximately 5% of its Q3 revenue. The company's products, which help manage the power grid and stabilize voltages, are increasingly critical given the growing electricity demands of AI workloads.
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Stock Movement Drivers
Fundamental Drivers
The 67.6% change in AMSC stock from 1/31/2026 to 5/18/2026 was primarily driven by a 721.2% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 5182026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.92 | 50.15 | 67.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 266 | 279 | 4.9% |
| Net Income Margin (%) | 5.7% | 46.7% | 721.2% |
| P/E Multiple | 85.4 | 16.9 | -80.2% |
| Shares Outstanding (Mil) | 43 | 44 | -1.6% |
| Cumulative Contribution | 67.6% |
Market Drivers
1/31/2026 to 5/18/2026| Return | Correlation | |
|---|---|---|
| AMSC | 67.6% | |
| Market (SPY) | 7.0% | 52.2% |
| Sector (XLI) | 3.5% | 48.8% |
Fundamental Drivers
The -15.3% change in AMSC stock from 10/31/2025 to 5/18/2026 was primarily driven by a -88.8% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5182026 | Change |
|---|---|---|---|
| Stock Price ($) | 59.23 | 50.15 | -15.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 255 | 279 | 9.6% |
| Net Income Margin (%) | 6.0% | 46.7% | 679.0% |
| P/E Multiple | 150.7 | 16.9 | -88.8% |
| Shares Outstanding (Mil) | 39 | 44 | -11.6% |
| Cumulative Contribution | -15.3% |
Market Drivers
10/31/2025 to 5/18/2026| Return | Correlation | |
|---|---|---|
| AMSC | -15.3% | |
| Market (SPY) | 8.9% | 46.8% |
| Sector (XLI) | 10.8% | 41.1% |
Fundamental Drivers
The 152.6% change in AMSC stock from 4/30/2025 to 5/18/2026 was primarily driven by a 2748.8% change in the company's Net Income Margin (%).| (LTM values as of) | 4302025 | 5182026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.85 | 50.15 | 152.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 198 | 279 | 41.0% |
| Net Income Margin (%) | 1.6% | 46.7% | 2748.8% |
| P/E Multiple | 230.1 | 16.9 | -92.7% |
| Shares Outstanding (Mil) | 38 | 44 | -14.3% |
| Cumulative Contribution | 152.6% |
Market Drivers
4/30/2025 to 5/18/2026| Return | Correlation | |
|---|---|---|
| AMSC | 152.6% | |
| Market (SPY) | 34.7% | 43.2% |
| Sector (XLI) | 31.9% | 40.2% |
Fundamental Drivers
The 1138.3% change in AMSC stock from 4/30/2023 to 5/18/2026 was primarily driven by a 614.7% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5182026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.05 | 50.15 | 1138.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 103 | 279 | 172.5% |
| P/S Multiple | 1.1 | 7.9 | 614.7% |
| Shares Outstanding (Mil) | 28 | 44 | -36.4% |
| Cumulative Contribution | 1138.3% |
Market Drivers
4/30/2023 to 5/18/2026| Return | Correlation | |
|---|---|---|
| AMSC | 1138.3% | |
| Market (SPY) | 84.5% | 41.6% |
| Sector (XLI) | 78.6% | 41.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AMSC Return | -54% | -66% | 203% | 121% | 17% | 91% | 135% |
| Peers Return | 24% | -7% | 46% | 67% | 67% | 88% | 775% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| AMSC Win Rate | 33% | 33% | 50% | 67% | 50% | 100% | |
| Peers Win Rate | 60% | 44% | 54% | 56% | 67% | 72% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| AMSC Max Drawdown | -64% | -70% | -64% | -43% | -57% | -24% | |
| Peers Max Drawdown | -29% | -39% | -36% | -25% | -36% | -22% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GEV, POWL, VICR, BDC, ENS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/18/2026 (YTD)
How Low Can It Go
| Event | AMSC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -49.8% | -18.8% |
| % Gain to Breakeven | 99.1% | 23.1% |
| Time to Breakeven | 62 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -31.8% | -7.8% |
| % Gain to Breakeven | 46.6% | 8.5% |
| Time to Breakeven | 86 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -17.1% | -9.5% |
| % Gain to Breakeven | 20.6% | 10.5% |
| Time to Breakeven | 10 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -36.5% | -6.7% |
| % Gain to Breakeven | 57.6% | 7.1% |
| Time to Breakeven | 29 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -64.9% | -24.5% |
| % Gain to Breakeven | 184.8% | 32.4% |
| Time to Breakeven | 291 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.4% | -33.7% |
| % Gain to Breakeven | 73.5% | 50.9% |
| Time to Breakeven | 76 days | 140 days |
In The Past
American Superconductor's stock fell -49.8% during the 2025 US Tariff Shock. Such a loss loss requires a 99.1% gain to breakeven.
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| Event | AMSC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -49.8% | -18.8% |
| % Gain to Breakeven | 99.1% | 23.1% |
| Time to Breakeven | 62 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -31.8% | -7.8% |
| % Gain to Breakeven | 46.6% | 8.5% |
| Time to Breakeven | 86 days | 18 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -36.5% | -6.7% |
| % Gain to Breakeven | 57.6% | 7.1% |
| Time to Breakeven | 29 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -64.9% | -24.5% |
| % Gain to Breakeven | 184.8% | 32.4% |
| Time to Breakeven | 291 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.4% | -33.7% |
| % Gain to Breakeven | 73.5% | 50.9% |
| Time to Breakeven | 76 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -43.3% | -3.7% |
| % Gain to Breakeven | 76.5% | 3.9% |
| Time to Breakeven | 411 days | 6 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -80.4% | -6.8% |
| % Gain to Breakeven | 410.1% | 7.3% |
| Time to Breakeven | 1882 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -45.5% | -0.2% |
| % Gain to Breakeven | 83.6% | 0.2% |
| Time to Breakeven | 2428 days | 1 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -73.3% | -53.4% |
| % Gain to Breakeven | 274.7% | 114.4% |
| Time to Breakeven | 252 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -21.5% | -8.6% |
| % Gain to Breakeven | 27.3% | 9.5% |
| Time to Breakeven | 36 days | 47 days |
In The Past
American Superconductor's stock fell -49.8% during the 2025 US Tariff Shock. Such a loss loss requires a 99.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About American Superconductor (AMSC)
American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services. It provides transmission planning services, which identify power grid congestion, poor power quality, and other risks; grid interconnection solutions for wind farms and solar power plants, power quality systems, and transmission and distribution cable systems; resilient electric grid systems, which provide protection against the adverse effects that follow the loss of critical substation facilities in urban areas; D-VAR systems used for controlling power flow and voltage in the AC transmission system; actiVAR system, a fast-switching medium-voltage reactive compensation solution; armorVAR system installed for reactive compensation, power factor correction, loss reduction, utility bill savings, and mitigation of common power quality concerns related to power converter-based generation and load devices; and D-VAR volt var optimization (VVO) that serves the distribution power grid market. This segment also offers ship protection systems, which reduce a naval ship's magnetic signature; and in board power delivery systems, power generation systems, and propulsion systems. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers. This segment's design portfolio comprises a range of drivetrains and power ratings of 2 MW and higher. American Superconductor Corporation was incorporated in 1987 and is headquartered in Ayer, Massachusetts.
AI Analysis | Feedback
Here are 1-3 brief analogies to describe American Superconductor (AMSC):
- Intel for the electric grid and wind power.
- A specialized Siemens Energy or ABB, focused on high-tech grid solutions.
AI Analysis | Feedback
- Engineering Planning Services: Services that identify power grid congestion, poor power quality, and other risks for electric utilities and developers.
- Grid Interconnection Solutions: Solutions that enable the connection of wind farms and solar power plants to the electric grid.
- Transmission and Distribution Cable Systems: Systems designed for the efficient transmission and distribution of electrical power.
- Resilient Electric Grid Systems: Systems that provide protection against the adverse effects following the loss of critical substation facilities in urban areas.
- D-VAR Systems: Used for controlling power flow and voltage within AC transmission systems.
- actiVAR System: A fast-switching medium-voltage solution for reactive power compensation.
- armorVAR System: Provides reactive compensation, power factor correction, loss reduction, and mitigation of power quality concerns.
- D-VAR Volt Var Optimization (VVO): Solutions serving the distribution power grid market by optimizing voltage and reactive power.
- Ship Protection Systems: Systems that reduce a naval ship's magnetic signature.
- Naval Inboard Power & Propulsion Systems: Comprehensive systems for power delivery, generation, and propulsion within naval vessels.
- Wind Turbine System Designs: Designs for wind turbine systems, which are licensed to third-party manufacturers.
- Wind Power Electronics & Control Systems: Supplies power electronics and software-based control systems to wind turbine manufacturers.
- Wind Customer Support Services: Provides ongoing support services to wind turbine manufacturers utilizing their designs and components.
AI Analysis | Feedback
American Superconductor (AMSC) sells primarily to other companies and organizations. Based on the provided description, its major customers fall into the following categories:
- Electric Utilities: These include companies responsible for the transmission, distribution, and overall management of electrical power grids. AMSC provides them with grid infrastructure, power quality systems, transmission planning services, D-VAR systems, actiVAR systems, armorVAR systems, and D-VAR volt var optimization (VVO) solutions.
- Industrial Facilities: Large industrial operations that utilize AMSC's power quality systems, reactive compensation solutions (like actiVAR and armorVAR), and resilient electric grid systems.
- Renewable Energy Project Developers: Specifically developers of wind farms and solar power plants, for whom AMSC offers grid interconnection solutions and related services.
- Wind Turbine Manufacturers: Companies that design and produce wind turbines. AMSC licenses its wind turbine designs (under the Windtec Solutions brand) and supplies power electronics and software-based control systems to these manufacturers.
- Naval Forces / Defense Contractors: For military applications, AMSC provides ship protection systems (to reduce magnetic signatures) and in-board power delivery, power generation, and propulsion systems for naval vessels.
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Daniel P. McGahn, President, Chief Executive Officer and Chairman
Mr. McGahn was appointed CEO in June 2011, having joined AMSC in 2006. Prior to AMSC, from 2003 to 2006, he served as Executive Vice President and Chief Marketing Officer of Konarka Technologies, a venture-backed developer of polymer photovoltaic technology, where he helped secure nearly $40 million in financing. Before Konarka, he was General Manager and Chief Operating Officer of Hyperion Catalysis. He also held managerial positions at IGEN International and Princeton Consultants. He holds M.S. and B.S. degrees in engineering from the Massachusetts Institute of Technology.
John W. Kosiba, Jr., Senior Vice President, Chief Financial Officer and Treasurer
Mr. Kosiba was appointed Senior Vice President, Chief Financial Officer and Treasurer in April 2017, having joined AMSC in June 2010. Before joining AMSC, he served as Division Director and Controller for the military aerospace division at Amphenol Corporation from 2008 to 2010. Prior to Amphenol, he was the Vice President of Finance at Hybricon Corporation from 2000 to 2008. Mr. Kosiba holds a Bachelor of Science degree in accounting from the University of Rhode Island and an MBA from Boston University's Questrom School of Business.
James F. Maguire, Executive Vice President of Technology
Mr. Maguire has served as Executive Vice President of Technology since April 2017. He previously held roles at AMSC as Executive Vice President of Operations starting in May 2013 and Executive Vice President of Windtec Solutions from January 2013.
John Ulliman, Vice President of Government Programs
Mr. Ulliman has been Vice President of Government Programs since 2006, where he is responsible for defining, pursuing, and winning government contracts across AMSC's business units. Prior to AMSC, he spent 13 years at Northrop Grumman Corporation in various managerial roles, including Corporate Director of Enterprise Campaigns and Director of the Integrated Power Systems Program for the U.S. Navy's DDX (DDG 1000) class of destroyers. His earlier career included management positions at General Electric's Astro Space Division (now Lockheed Martin) and BF Goodrich Aerospace.
AI Analysis | Feedback
Key risks to American Superconductor's business include:
- Dependence on Key Customers: American Superconductor's revenue is significantly concentrated with a limited number of key customers. This reliance on a few large clients could lead to revenue volatility if these relationships change adversely.
- Macroeconomic and Geopolitical Uncertainties: External factors such as geopolitical tensions, trade conflicts, and supply chain disruptions can negatively impact AMSC's operations. Events like ongoing international conflicts create macroeconomic uncertainties that could affect the company's financial condition and results.
- Competitive Pressure and Technological Advancements: The energy sector in which AMSC operates is highly competitive and characterized by continuous technological advancements. The company must maintain its pace of innovation to stay ahead of competitors who are also investing heavily in research and development.
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American Superconductor (AMSC) operates in two primary segments: Grid and Wind. The addressable markets for its main products and services are substantial and global in scope.
Grid Segment
- Smart Grid Solutions: The overall global smart grid market, which encompasses many of AMSC's Gridtec Solutions like transmission planning, grid interconnection, and resilient electric grid systems, was valued at approximately USD 66.1 billion in 2024 and is projected to reach USD 180.3 billion by 2034. North America held a significant share of this market, valued at USD 18.87 billion in 2025 and USD 22.8 billion in 2026. The distribution and network automation technologies within the smart grid sector are anticipated to exceed USD 50 billion by 2034.
- Grid Resiliency Solutions: The global grid resilience segment of the smart grid market is expected to grow from USD 20.02 billion in 2024 to USD 79.68 billion in 2032. The global energy resilience market is estimated to be valued at USD 49.99 billion in 2025 and is projected to reach USD 95.64 billion by 2032. The global self-healing power grid solution market, a component of grid resilience, is estimated at approximately USD 15 billion in 2024 and is projected to reach USD 35 billion by 2030.
- Reactive Power Compensation (D-VAR, actiVAR, armorVAR): The global static VAR compensator (SVC) market, relevant to AMSC's D-VAR systems, was valued at USD 28.1 billion in 2024 and is expected to reach USD 45.8 billion in 2034. The global Reactive Power Compensation Static Var Compensator (SVC) market size was valued at approximately USD 800 million in 2023 and is projected to reach USD 1.2 billion by 2032. The global Reactive Power Compensation Controllers market size was valued at USD 1.82 billion in 2025, projected to reach USD 3.15 billion by 2034.
- Volt/VAR Optimization (D-VAR VVO): The global Volt/VAR management market was valued at USD 759.96 million in 2025 and is projected to grow to USD 1245.64 million by 2034. Another estimate places the global Volt/VAR management market size at USD 527.2 million in 2025, projected to reach USD 824.1 million by 2033. North America held the largest share of this market, valued at USD 240.14 million in 2025.
- Ship Protection Systems: The Naval Vessel Defense Systems Market was valued at USD 33,783.10 million in 2025 and is expected to increase to USD 42,116.99 million by 2032. Another source indicates the Naval Vessel Defense Systems Market size is estimated at USD 19.93 billion in 2025, and is expected to reach USD 24.32 billion by 2030. North America is estimated to grow at the highest CAGR over the forecast period (2025-2030) and holds the largest market share in Naval Vessel Defense Systems Market in 2025. The broader global naval vessels market was valued at USD 110.2 billion in 2024 and is estimated to grow to USD 207.3 billion by 2034.
Wind Segment
- Wind Turbine Systems (designs, power electronics, control systems): The global wind turbine market is expected to exceed USD 325.6 billion by 2034, with the market estimated to be worth over USD 120 billion in 2024. The global wind power equipment market size is anticipated to rise from US$ 49.9 billion in 2025 to US$ 78.6 billion by 2032.
- Wind Turbine Power Electronics: The Power Electronics Wind Turbine Market was valued at USD 9.26 billion in 2024 and is expected to reach USD 13.41 billion by 2030.
- Wind Turbine Control Systems: The global wind turbine control system market size was valued at USD 4.8 billion in 2024 and is projected to grow to USD 14.3 billion by 2032. Another report states the market size was USD 9.48 billion in 2024, projected to reach USD 13.73 billion by 2033. The U.S. wind turbine control system market is projected to surpass USD 1.5 billion by 2034.
AI Analysis | Feedback
American Superconductor Corporation (AMSC) is poised for future revenue growth over the next 2-3 years, driven by several key factors across its Grid and Wind segments, strategic acquisitions, and expansion into emerging markets.
Here are the expected drivers of future revenue growth for AMSC:
- Organic Growth in Grid Segment's New Energy Product Lines: AMSC's Grid business unit has consistently demonstrated strong organic growth, particularly within its new energy product lines. This growth is anticipated to continue, as seen in the 16% year-over-year increase in Grid business unit revenues in Q2 FY2025 and a 21% increase in Q3 FY2025. The company's focus on solutions for electric utilities, industrial facilities, and renewable energy project developers under its Gridtec Solutions brand contributes to this expansion.
- Strategic Acquisitions, such as Comtrafo: Recent acquisitions are playing a significant role in expanding AMSC's revenue base. The acquisition of Comtrafo, which closed in December 2025, contributed to revenue growth in Q3 FY2025 and is expected to continue impacting future results by expanding AMSC's transformer offerings. Earlier, the acquisition of NWL, Inc. also drove revenue increases in Q1 and Q2 FY2025.
- Expansion in Military and Naval Contracts: AMSC has secured new contracts with the U.S. Navy and projects continued growth in its military business. The company's ship protection systems, which reduce a naval ship's magnetic signature, along with in-board power delivery, generation, and propulsion systems, represent a specialized market with ongoing demand. This segment is a key component of the company's diversified revenue structure.
- Penetration into Data Center and Semiconductor Markets: Management has expressed optimism regarding growth opportunities in the data center and semiconductor markets. The increasing demand for electricity from AI data centers is seen as a vast application potential for superconductor technology, which could alleviate pressure on current power delivery systems and create new business opportunities for AMSC. The company has already delivered into a data center project, marking an important milestone.
- Increased Shipments of Electrical Control Systems (ECS) in the Wind Segment: The Wind business unit has shown robust revenue growth, largely propelled by additional shipments of electrical control systems. This segment, operating under the Windtec Solutions brand, designs wind turbine systems and licenses these designs, supplying power electronics and software-based control systems to wind turbine manufacturers. For example, the Wind business unit's revenues increased by 25% in Q3 FY2025.
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Share Issuance
- American Superconductor priced an underwritten public offering in June 2025 of 4.125 million shares of common stock at $28.00 per share, anticipating gross proceeds of $115.5 million. The net proceeds were intended for working capital and general corporate purposes, including potential strategic acquisitions.
- As part of the acquisition of Neeltran, Inc. in May 2021, AMSC issued 301,556 restricted shares of its common stock, valued at approximately $4.3 million.
- The number of shares outstanding for American Superconductor increased from approximately 24 million on March 31, 2021, to around 45 million by December 31, 2025.
Outbound Investments
- In August 2024, American Superconductor acquired NWL, Inc., a manufacturer of transformers, inductors, capacitors, and power supplies. The acquisition was valued at approximately $61 million, comprising $25 million in cash and 1,297,600 restricted shares valued at about $31.4 million, plus a future cash payment of $5 million.
- In December 2025, AMSC acquired Comtrafo Indústria de Transformadores Elétricos, a Brazilian transformer manufacturer, to expand into the Brazilian and Latin American energy markets. Comtrafo had projected sales of $55 million in 2025.
- AMSC acquired Neeltran, Inc. in May 2021 for $16.4 million. This included a cash payment of $4.5 million, the issuance of 301,556 restricted shares worth approximately $4.3 million, and $7.6 million used to extinguish Neeltran's outstanding debt.
Capital Expenditures
- American Superconductor maintains a "CapEx-light" manufacturing model, with major capital investments not generally anticipated. Capacity expansion is primarily pursued through adding labor and tooling.
- Capital expenditures for AMSC were reported as -$4.14 million in the last 12 months.
- Historical capital expenditures in millions of USD were 1.76 in 2021, 1.24 in 2022, 1.24 in 2023, 0.93 in 2024, and 2.42 in 2025.
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| 04302026 | RUN | Sunrun | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 0.0% | 0.0% | 0.0% |
| 04172026 | RSG | Republic Services | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.8% | 0.8% | -1.1% |
| 04102026 | VRSK | Verisk Analytics | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 12.3% | 12.3% | 0.0% |
| 04102026 | UHAL | U-Haul | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -1.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 236.72 |
| Mkt Cap | 9.0 |
| Rev LTM | 1,959 |
| Op Inc LTM | 272 |
| FCF LTM | 186 |
| FCF 3Y Avg | 182 |
| CFO LTM | 266 |
| CFO 3Y Avg | 256 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.8% |
| Rev Chg 3Y Avg | 6.0% |
| Rev Chg Q | 13.9% |
| QoQ Delta Rev Chg LTM | 3.0% |
| Op Inc Chg LTM | 51.3% |
| Op Inc Chg 3Y Avg | 143.4% |
| Op Mgn LTM | 12.1% |
| Op Mgn 3Y Avg | 11.7% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 16.2% |
| CFO/Rev 3Y Avg | 13.2% |
| FCF/Rev LTM | 14.4% |
| FCF/Rev 3Y Avg | 9.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 9.0 |
| P/S | 7.4 |
| P/Op Inc | 79.0 |
| P/EBIT | 79.0 |
| P/E | 27.7 |
| P/CFO | 39.0 |
| Total Yield | 3.9% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 5.2% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 11.7% |
| 3M Rtn | 31.6% |
| 6M Rtn | 71.9% |
| 12M Rtn | 131.8% |
| 3Y Rtn | 519.8% |
| 1M Excs Rtn | 7.8% |
| 3M Excs Rtn | 23.3% |
| 6M Excs Rtn | 62.8% |
| 12M Excs Rtn | 107.2% |
| 3Y Excs Rtn | 469.3% |
Price Behavior
Price Behavior
| Market Price | $50.15 | |
| Market Cap ($ Bil) | 2.2 | |
| First Trading Date | 12/12/1991 | |
| Distance from 52W High | -24.8% | |
| 50 Days | 200 Days | |
| DMA Price | $40.71 | $42.38 |
| DMA Trend | up | up |
| Distance from DMA | 23.2% | 18.3% |
| 3M | 1YR | |
| Volatility | 81.1% | 84.9% |
| Downside Capture | 323.51 | 332.87 |
| Upside Capture | 370.79 | 333.58 |
| Correlation (SPY) | 51.4% | 43.3% |
AMSC Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.68 | 2.44 | 2.83 | 3.09 | 2.78 | 2.58 |
| Up Beta | 2.24 | 2.19 | 2.07 | 1.55 | 1.84 | 1.70 |
| Down Beta | 3.78 | 3.91 | 4.40 | 4.69 | 4.03 | 2.45 |
| Up Capture | 314% | 393% | 486% | 427% | 886% | 78144% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 16 | 28 | 38 | 65 | 143 | 391 |
| Down Capture | -425% | 113% | 173% | 243% | 180% | 113% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 6 | 15 | 26 | 59 | 107 | 354 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AMSC | |
|---|---|---|---|---|
| AMSC | 108.2% | 84.7% | 1.27 | - |
| Sector ETF (XLI) | 21.8% | 15.4% | 1.08 | 40.0% |
| Equity (SPY) | 26.7% | 12.1% | 1.66 | 43.4% |
| Gold (GLD) | 40.7% | 26.8% | 1.25 | 13.7% |
| Commodities (DBC) | 47.8% | 18.5% | 1.97 | -11.4% |
| Real Estate (VNQ) | 10.8% | 13.4% | 0.52 | 12.8% |
| Bitcoin (BTCUSD) | -23.9% | 41.9% | -0.54 | 31.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AMSC | |
|---|---|---|---|---|
| AMSC | 28.2% | 88.9% | 0.67 | - |
| Sector ETF (XLI) | 12.2% | 17.4% | 0.54 | 38.5% |
| Equity (SPY) | 13.8% | 17.1% | 0.64 | 40.5% |
| Gold (GLD) | 19.5% | 17.9% | 0.88 | 9.9% |
| Commodities (DBC) | 10.8% | 19.4% | 0.44 | 8.8% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 26.8% |
| Bitcoin (BTCUSD) | 6.9% | 55.9% | 0.34 | 21.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AMSC | |
|---|---|---|---|---|
| AMSC | 16.0% | 79.0% | 0.54 | - |
| Sector ETF (XLI) | 13.9% | 20.0% | 0.61 | 36.2% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 38.0% |
| Gold (GLD) | 13.2% | 15.9% | 0.69 | 8.5% |
| Commodities (DBC) | 8.6% | 17.9% | 0.39 | 12.4% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.21 | 25.8% |
| Bitcoin (BTCUSD) | 67.3% | 66.9% | 1.06 | 12.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/4/2026 | -6.0% | 24.1% | 0.3% |
| 11/5/2025 | -38.5% | -40.8% | -45.4% |
| 7/30/2025 | 29.4% | 24.9% | 22.5% |
| 5/21/2025 | 4.1% | 15.9% | 34.0% |
| 2/5/2025 | 34.2% | 18.9% | -24.6% |
| 10/30/2024 | 4.4% | 21.9% | 45.1% |
| 5/29/2024 | 10.4% | 41.5% | 48.1% |
| 1/24/2024 | 35.9% | 12.8% | 31.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 15 | 10 |
| # Negative | 9 | 5 | 10 |
| Median Positive | 13.4% | 18.4% | 32.6% |
| Median Negative | -8.6% | -14.4% | -12.3% |
| Max Positive | 35.9% | 41.5% | 52.8% |
| Max Negative | -38.5% | -40.8% | -45.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/04/2026 | 10-Q |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 05/21/2025 | 10-K |
| 12/31/2024 | 02/05/2025 | 10-Q |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/29/2024 | 10-K |
| 12/31/2023 | 01/24/2024 | 10-Q |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/31/2023 | 10-K |
| 12/31/2022 | 02/01/2023 | 10-Q |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 06/01/2022 | 10-K |
Recent Forward Guidance [BETA]
Latest: Q3 2025 Earnings Reported 2/4/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue | 80.00 Mil | 18.5% | Raised | Guidance: 67.50 Mil for Q3 2025 | |||
| Q4 2025 Net Income | 3.00 Mil | 50.0% | Raised | Guidance: 2.00 Mil for Q3 2025 | |||
| Q4 2025 EPS | 0.07 | 40.0% | Raised | Guidance: 0.05 for Q3 2025 | |||
| Q4 2025 Non-GAAP Net Income | 8.00 Mil | 33.3% | Raised | Guidance: 6.00 Mil for Q3 2025 | |||
| Q4 2025 Non-GAAP EPS | 0.17 | 21.4% | Raised | Guidance: 0.14 for Q3 2025 | |||
Prior: Q2 2025 Earnings Reported 11/5/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2025 Revenue | 65.00 Mil | 67.50 Mil | 70.00 Mil | 0 | Same New | Guidance: 67.50 Mil for Q2 2025 | |
| Q3 2025 Net Income | 2.00 Mil | 0 | Same New | Guidance: 2.00 Mil for Q2 2025 | |||
| Q3 2025 EPS | 0.05 | 0 | Same New | Guidance: 0.05 for Q2 2025 | |||
| Q3 2025 Non-GAAP Net Income | 6.00 Mil | 0 | Same New | Guidance: 6.00 Mil for Q2 2025 | |||
| Q3 2025 Non-GAAP EPS | 0.14 | 0 | Same New | Guidance: 0.14 for Q2 2025 | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Oliver, David R JR | Direct | Sell | 2262026 | 34.10 | 200 | 6,820 | 2,070,109 | Form | |
| 2 | Oliver, David R JR | Direct | Buy | 11132025 | 8.33 | 200 | 1,666 | 507,355 | Form | |
| 3 | House, Arthur H | Direct | Sell | 8082025 | 50.92 | 9,703 | 494,082 | 2,477,944 | Form | |
| 4 | McGahn, Daniel P | Chairman, President and CEO | Direct | Sell | 8062025 | 54.49 | 100,848 | 5,495,526 | 64,472,710 | Form |
| 5 | Kosiba, John W JR | SVP, CFO & Treasurer | Direct | Sell | 8062025 | 54.59 | 50,000 | 2,729,456 | 19,263,956 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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