Tearsheet

American Superconductor (AMSC)


Market Price (7/3/2026): $37.2 | Market Cap: $1.7 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components

American Superconductor (AMSC)


Market Price (7/3/2026): $37.2
Market Cap: $1.7 Bil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.5%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 34%

Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, and Sustainable Infrastructure. Themes include Wind Energy Development, Battery Storage & Grid Modernization, Show more.

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 109x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 73x

Key risks
AMSC 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.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.5%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 34%
2 Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, and Sustainable Infrastructure. Themes include Wind Energy Development, Battery Storage & Grid Modernization, Show more.
3 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 109x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 73x
4 Key risks
AMSC 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.

AMSC in ETFs

Weight = AMSC's share of each fund

VTI0.00%
ITOT0.00%
IWM0.06%
IWO0.10%
VTWO0.07%
SCHA0.04%
ESML0.04%
DFAS0.04%
+4 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/2/2026

American Superconductor (AMSC) stock has gained about 10% since 3/31/2026 because of the following key factors:

1. Strong Fiscal Year 2025 Financial Performance and Positive Fiscal Q1 2026 Guidance: American Superconductor reported robust financial results for fiscal year 2025, which ended on March 31, 2026, with revenue reaching $299.2 million, a 34% increase year-over-year. The company posted a GAAP net income of $133.8 million, or $3.12 per share, significantly driven by a non-cash tax benefit. Additionally, AMSC provided optimistic guidance for fiscal Q1 2026 (ending June 30, 2026), projecting revenues to exceed $85.0 million and non-GAAP net income to surpass $8.0 million, or $0.17 per share.

2. Increased Analyst Price Targets and "Strong Buy" Consensus: During the specified period, several financial analysts upgraded their price targets for AMSC, contributing to positive market sentiment. For example, Clear Street raised its price target to $60 from $52 on May 28, 2026, and Roth MKM increased its target from $40 to $58 on May 29, 2026. The average one-year price target was revised upwards to $63.24 by June 8, 2026, marking an 18.66% increase from the prior estimate of $53.30 in May 2026. By June 29, 2026, the median analyst price target reached $67.00, implying a substantial upside and cementing a "Strong Buy" consensus rating.

Show more
Updated on 7/2/2026

American Superconductor (AMSC) stock has gained about 10% since 3/31/2026 because of the following key factors:

1. Strong Fiscal Year 2025 Financial Performance and Positive Fiscal Q1 2026 Guidance: American Superconductor reported robust financial results for fiscal year 2025, which ended on March 31, 2026, with revenue reaching $299.2 million, a 34% increase year-over-year. The company posted a GAAP net income of $133.8 million, or $3.12 per share, significantly driven by a non-cash tax benefit. Additionally, AMSC provided optimistic guidance for fiscal Q1 2026 (ending June 30, 2026), projecting revenues to exceed $85.0 million and non-GAAP net income to surpass $8.0 million, or $0.17 per share.

2. Increased Analyst Price Targets and "Strong Buy" Consensus: During the specified period, several financial analysts upgraded their price targets for AMSC, contributing to positive market sentiment. For example, Clear Street raised its price target to $60 from $52 on May 28, 2026, and Roth MKM increased its target from $40 to $58 on May 29, 2026. The average one-year price target was revised upwards to $63.24 by June 8, 2026, marking an 18.66% increase from the prior estimate of $53.30 in May 2026. By June 29, 2026, the median analyst price target reached $67.00, implying a substantial upside and cementing a "Strong Buy" consensus rating.

3. Growing Backlog and Strategic Market Expansion: AMSC concluded fiscal year 2025 with a robust 12-month backlog exceeding $280 million, representing a nearly 40% increase compared to the previous year. The positive impact of the Comtrafo acquisition, completed in December 2025, continued to be reflected in the fiscal 2025 results, expanding AMSC's product portfolio and market reach in Latin America. Furthermore, the company reported that nearly 10% of its fiscal Q4 2025 orders originated from the rapidly expanding data center sector, indicating successful diversification into a high-growth market.

4. Favorable Macroeconomic Trends Driving Grid Solutions Demand: A broader macroeconomic factor contributing to the positive trend was the heightened policy focus on modernizing and ensuring the reliability of power grids. Increased government and utility spending on energy infrastructure and grid resilience created a favorable tailwind for AMSC's grid solutions. This expanding addressable market and sustained demand are expected to bolster AMSC's backlog and support recurring revenues and potentially higher net margins.

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Stock Movement Drivers

Fundamental Drivers

The 9.9% change in AMSC stock from 3/31/2026 to 7/3/2026 was primarily driven by a 11.3% change in the company's P/E Multiple.
(LTM values as of)33120267032026Change
Stock Price ($)33.8537.209.9%
Change Contribution By: 
Total Revenues ($ Mil)2792997.1%
Net Income Margin (%)46.7%44.7%-4.2%
P/E Multiple11.412.711.3%
Shares Outstanding (Mil)4446-3.8%
Cumulative Contribution9.9%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/3/2026
ReturnCorrelation
AMSC9.6% 
Market (SPY)14.5%61.0%
Sector (XLI)13.7%47.2%

Fundamental Drivers

The 29.3% change in AMSC stock from 12/31/2025 to 7/3/2026 was primarily driven by a 686.5% change in the company's Net Income Margin (%).
(LTM values as of)123120257032026Change
Stock Price ($)28.7837.2029.3%
Change Contribution By: 
Total Revenues ($ Mil)26629912.3%
Net Income Margin (%)5.7%44.7%686.5%
P/E Multiple82.212.7-84.5%
Shares Outstanding (Mil)4346-5.3%
Cumulative Contribution29.3%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/3/2026
ReturnCorrelation
AMSC28.9% 
Market (SPY)9.5%54.6%
Sector (XLI)18.9%48.3%

Fundamental Drivers

The 1.4% change in AMSC stock from 6/30/2025 to 7/3/2026 was primarily driven by a 1552.0% change in the company's Net Income Margin (%).
(LTM values as of)63020257032026Change
Stock Price ($)36.6937.201.4%
Change Contribution By: 
Total Revenues ($ Mil)22329934.3%
Net Income Margin (%)2.7%44.7%1552.0%
P/E Multiple229.012.7-94.5%
Shares Outstanding (Mil)3846-17.5%
Cumulative Contribution1.4%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/3/2026
ReturnCorrelation
AMSC1.1% 
Market (SPY)21.6%46.8%
Sector (XLI)26.0%42.2%

Fundamental Drivers

The 494.2% change in AMSC stock from 6/30/2023 to 7/3/2026 was primarily driven by a 243.3% change in the company's P/S Multiple.
(LTM values as of)63020237032026Change
Stock Price ($)6.2637.20494.2%
Change Contribution By: 
Total Revenues ($ Mil)106299182.3%
P/S Multiple1.75.7243.3%
Shares Outstanding (Mil)2846-38.7%
Cumulative Contribution494.2%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/3/2026
ReturnCorrelation
AMSC492.8% 
Market (SPY)74.0%42.8%
Sector (XLI)78.5%42.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
AMSC Return-54%-66%203%121%17%39%70%
Peers Return24%-7%46%67%67%99%827%
S&P 500 Return27%-19%24%23%16%9%99%

Monthly Win Rates [3]
AMSC Win Rate33%33%50%67%50%57% 
Peers Win Rate60%44%54%56%67%66% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
AMSC Max Drawdown-64%-70%-64%-43%-57%-37% 
Peers Max Drawdown-29%-39%-36%-25%-36%-25% 
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 7/2/2026 (YTD)

How Low Can It Go

EventAMSCS&P 500
2025 US Tariff Shock
  % Loss-49.8%-18.8%
  % Gain to Breakeven99.1%23.1%
  Time to Breakeven62 days79 days
2024 Yen Carry Trade Unwind
  % Loss-31.8%-7.8%
  % Gain to Breakeven46.6%8.5%
  Time to Breakeven86 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-17.1%-9.5%
  % Gain to Breakeven20.6%10.5%
  Time to Breakeven10 days24 days
2023 SVB Regional Banking Crisis
  % Loss-36.5%-6.7%
  % Gain to Breakeven57.6%7.1%
  Time to Breakeven29 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-64.9%-24.5%
  % Gain to Breakeven184.8%32.4%
  Time to Breakeven291 days427 days
2020 COVID-19 Crash
  % Loss-42.4%-33.7%
  % Gain to Breakeven73.5%50.9%
  Time to Breakeven76 days140 days

Compare to GEV, POWL, VICR, BDC, ENS

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.

EventAMSCS&P 500
2025 US Tariff Shock
  % Loss-49.8%-18.8%
  % Gain to Breakeven99.1%23.1%
  Time to Breakeven62 days79 days
2024 Yen Carry Trade Unwind
  % Loss-31.8%-7.8%
  % Gain to Breakeven46.6%8.5%
  Time to Breakeven86 days18 days
2023 SVB Regional Banking Crisis
  % Loss-36.5%-6.7%
  % Gain to Breakeven57.6%7.1%
  Time to Breakeven29 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-64.9%-24.5%
  % Gain to Breakeven184.8%32.4%
  Time to Breakeven291 days427 days
2020 COVID-19 Crash
  % Loss-42.4%-33.7%
  % Gain to Breakeven73.5%50.9%
  Time to Breakeven76 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-43.3%-3.7%
  % Gain to Breakeven76.5%3.9%
  Time to Breakeven411 days6 days
2014-2016 Oil Price Collapse
  % Loss-80.4%-6.8%
  % Gain to Breakeven410.1%7.3%
  Time to Breakeven1882 days15 days
2013 Taper Tantrum
  % Loss-45.5%-0.2%
  % Gain to Breakeven83.6%0.2%
  Time to Breakeven2428 days1 days
2008-2009 Global Financial Crisis
  % Loss-73.3%-53.4%
  % Gain to Breakeven274.7%114.4%
  Time to Breakeven252 days1085 days
Summer 2007 Credit Crunch
  % Loss-21.5%-8.6%
  % Gain to Breakeven27.3%9.5%
  Time to Breakeven36 days47 days

Compare to GEV, POWL, VICR, BDC, ENS

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 (AMSC) specializes in providing megawatt-scale power resiliency solutions globally, operating through two primary segments: Grid and Wind. The company leverages its expertise in power electronics and control systems to address critical needs in electricity infrastructure and renewable energy. Its core mission is to help connect, transmit, and distribute power efficiently and reliably.

The Grid segment, known as Gridtec Solutions, offers a range of products and services primarily for electric utilities, industrial facilities, and renewable energy project developers. Key offerings include engineering planning, grid interconnection solutions for solar and wind farms, and power quality systems such as D-VAR, actiVAR, and armorVAR for voltage control, reactive compensation, and power factor correction. This segment also provides resilient electric grid systems and serves the naval sector with ship protection and onboard power delivery systems.

AMSC's Wind segment, operating under the Windtec Solutions brand, focuses on the wind energy market. This segment designs wind turbine systems, which it then licenses to third-party manufacturers. Additionally, it supplies crucial power electronics and software-based control systems for these wind turbines, supporting designs with power ratings of 2 MW and higher, along with providing ongoing customer support services to its manufacturer clients.

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.

AI Analysis | Feedback

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AI Analysis | Feedback

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.

AI Analysis | Feedback

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AI Analysis | Feedback

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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.

AI Analysis | Feedback

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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Peer Comparisons

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Financials

AMSCGEVPOWLVICRBDCENSMedian
NameAmerican.GE Verno.Powell I.Vicor Belden EnerSys  
Mkt Price37.201,116.00246.00288.81115.50204.44225.22
Mkt Cap1.7300.29.013.14.57.58.2
Rev LTM29939,3741,1324722,7873,7511,959
Op Inc LTM161,52722499321477272
FCF LTM187,52619387180468186
FCF 3Y Avg153,81915557209326182
CFO LTM239,014203115329548266
CFO 3Y Avg184,87816684347422256

Growth & Margins

AMSCGEVPOWLVICRBDCENSMedian
NameAmerican.GE Verno.Powell I.Vicor Belden EnerSys  
Rev Chg LTM34.3%10.3%4.5%27.8%9.3%3.7%9.8%
Rev Chg 3Y Avg41.6%-24.8%6.0%2.2%0.4%6.0%
Rev Chg Q29.6%16.3%6.5%20.2%11.4%1.3%13.9%
QoQ Delta Rev Chg LTM7.1%3.4%1.6%4.2%2.6%0.4%3.0%
Op Inc Chg LTM178.6%90.4%7.6%483.0%12.2%-1.5%51.3%
Op Inc Chg 3Y Avg148.4%-169.1%143.4%-0.7%18.2%143.4%
Op Mgn LTM5.2%3.9%19.8%21.0%11.5%12.7%12.1%
Op Mgn 3Y Avg1.1%1.3%17.6%12.1%11.4%12.4%11.7%
QoQ Delta Op Mgn LTM0.3%0.2%-0.4%2.9%-0.1%-0.0%0.1%
CFO/Rev LTM7.7%22.9%18.0%24.5%11.8%14.6%16.3%
CFO/Rev 3Y Avg7.3%13.0%17.0%20.0%13.5%11.5%13.2%
FCF/Rev LTM6.1%19.1%17.0%18.5%6.5%12.5%14.7%
FCF/Rev 3Y Avg6.2%10.1%15.9%13.6%8.2%8.9%9.5%

Valuation

AMSCGEVPOWLVICRBDCENSMedian
NameAmerican.GE Verno.Powell I.Vicor Belden EnerSys  
Mkt Cap1.7300.29.013.14.57.58.2
P/S5.77.67.927.81.62.06.7
P/Op Inc108.8196.640.1132.814.015.774.4
P/EBIT108.8196.640.1132.814.118.874.4
P/E12.732.047.996.118.925.528.8
P/CFO73.433.344.1113.713.613.738.7
Total Yield7.9%3.2%2.2%1.1%5.4%4.4%3.8%
Dividend Yield0.0%0.1%0.1%0.0%0.1%0.5%0.1%
FCF Yield 3Y Avg1.7%-6.1%1.9%5.2%7.0%5.2%
D/E0.00.00.00.00.30.20.0
Net D/E-0.1-0.0-0.1-0.00.20.1-0.0

Returns

AMSCGEVPOWLVICRBDCENSMedian
NameAmerican.GE Verno.Powell I.Vicor Belden EnerSys  
1M Rtn-20.3%16.4%-17.9%-12.6%4.5%-14.8%-13.7%
3M Rtn15.9%24.3%34.8%85.6%0.4%15.4%20.1%
6M Rtn17.8%64.5%109.5%147.1%-1.9%36.0%50.3%
12M Rtn-5.1%116.4%240.0%529.9%-5.0%128.2%122.3%
3Y Rtn486.8%700.5%1,133.2%428.9%20.6%93.3%457.8%
1M Excs Rtn-25.6%16.8%-16.1%-11.6%7.3%-12.2%-11.9%
3M Excs Rtn0.1%10.9%19.5%68.5%-14.7%1.4%6.2%
6M Excs Rtn20.0%61.0%117.0%145.3%-10.6%29.8%45.4%
12M Excs Rtn-17.4%100.4%231.6%515.8%-22.6%111.5%105.9%
3Y Excs Rtn494.4%629.4%1,064.0%341.2%-45.7%28.4%417.8%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Grid187122959971
Wind3624111017
Unallocated0    
Total22314610610887


Operating Income by Segment
$ Mil20252024202320222021
Wind41-3-2-3
Grid2-3-25-21-13
Unallocated-7    
Unallocated corporate expenses -10-61-7
Total-1-11-33-21-23


Assets by Segment
$ Mil20252024202320222021
Grid21212613511481
Corporate assets8592265082
Wind141514106
Total311233176174169


Price Behavior

Price Behavior
Market Price$37.11 
Market Cap ($ Bil)1.7 
First Trading Date12/12/1991 
Distance from 52W High-44.3% 
   50 Days200 Days
DMA Price$27.76$29.27
DMA Trenddownup
Distance from DMA33.7%26.8%
 3M1YR
Volatility85.0%85.7%
Downside Capture604.54396.35
Upside Capture384.04300.57
Correlation (SPY)62.4%46.7%
AMSC Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta3.463.653.423.053.182.64
Up Beta2.252.362.392.282.021.71
Down Beta3.431.622.613.103.962.45
Up Capture314%402%497%655%914%77486%
Bmk +ve Days11244067140429
Stock +ve Days10203667133389
Down Capture392%469%408%224%191%113%
Bmk -ve Days10172358112321
Stock -ve Days11212757117355

[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
AMSC0.4%85.9%0.41-
Sector ETF (XLI)25.7%16.5%1.2042.4%
Equity (SPY)21.7%12.5%1.2947.1%
Gold (GLD)23.1%27.7%0.7320.1%
Commodities (DBC)21.3%18.6%0.90-6.7%
Real Estate (VNQ)13.6%13.8%0.685.7%
Bitcoin (BTCUSD)-42.0%42.7%-1.1532.3%

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
AMSC15.4%87.4%0.55-
Sector ETF (XLI)14.1%17.6%0.6339.5%
Equity (SPY)13.3%17.1%0.6041.5%
Gold (GLD)17.9%18.3%0.7910.6%
Commodities (DBC)6.9%19.5%0.258.2%
Real Estate (VNQ)3.1%18.9%0.0626.4%
Bitcoin (BTCUSD)12.2%53.8%0.4124.0%

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
AMSC15.5%79.2%0.54-
Sector ETF (XLI)14.6%20.1%0.6436.5%
Equity (SPY)15.4%18.0%0.7338.4%
Gold (GLD)12.1%16.1%0.619.4%
Commodities (DBC)5.7%18.0%0.2512.3%
Real Estate (VNQ)5.5%20.7%0.2325.4%
Bitcoin (BTCUSD)59.0%66.2%0.9913.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity3.5 Mil
Short Interest: % Change Since 5312026-11.2%
Average Daily Volume1.4 Mil
Days-to-Cover Short Interest2.4 days
Basic Shares Quantity45.7 Mil
Short % of Basic Shares7.6%

Earnings Returns History

Updated 6/30/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/27/2026-2.6%-11.4%-24.6%
2/4/2026-6.0%24.1%0.3%
11/5/2025-38.5%-40.8%-45.4%
7/30/202529.4%24.9%22.5%
5/21/20254.1%15.9%34.0%
2/5/202534.2%18.9%-24.6%
10/30/20244.4%21.9%45.1%
8/6/2024-9.1%0.3%-8.8%
...
SUMMARY STATS   
# Positive121812
# Negative13713
Median Positive13.4%16.4%30.6%
Median Negative-8.6%-13.6%-16.7%
Max Positive35.9%41.5%52.8%
Max Negative-38.5%-40.8%-45.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/27/2026-2.6%-11.4%-24.6%
2/4/2026-6.0%24.1%0.3%
11/5/2025-38.5%-40.8%-45.4%
7/30/202529.4%24.9%22.5%
5/21/20254.1%15.9%34.0%
2/5/202534.2%18.9%-24.6%
10/30/20244.4%21.9%45.1%
8/6/2024-9.1%0.3%-8.8%
5/29/202410.4%41.5%48.1%
1/24/202435.9%12.8%31.7%
11/1/202313.4%27.0%52.8%
8/9/202313.3%4.6%-5.6%
5/31/202313.4%28.4%33.5%
2/1/2023-4.8%7.5%-4.6%
11/1/2022-23.4%-22.8%-16.7%
8/3/2022-12.7%-13.6%-17.7%
6/1/202219.7%18.4%-8.0%
2/2/2022-3.7%2.2%-3.1%
11/8/2021-5.7%-14.4%-34.1%
8/4/2021-3.5%5.0%7.9%
6/2/2021-15.5%5.9%17.8%
2/3/2021-15.0%-4.3%-19.9%
11/4/20200.3%-4.4%29.4%
8/5/20208.7%17.0%18.0%
6/2/2020-8.6%1.5%-2.7%
SUMMARY STATS   
# Positive121812
# Negative13713
Median Positive13.4%16.4%30.6%
Median Negative-8.6%-13.6%-16.7%
Max Positive35.9%41.5%52.8%
Max Negative-38.5%-40.8%-45.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/27/202610-K
12/31/202502/04/202610-Q
09/30/202511/05/202510-Q
06/30/202507/30/202510-Q
03/31/202505/21/202510-K
12/31/202402/05/202510-Q
09/30/202410/30/202410-Q
06/30/202408/06/202410-Q
03/31/202405/29/202410-K
12/31/202301/24/202410-Q
09/30/202311/01/202310-Q
06/30/202308/09/202310-Q
03/31/202305/31/202310-K
12/31/202202/01/202310-Q
09/30/202211/01/202210-Q
06/30/202208/03/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/27/202610-K
12/31/202502/04/202610-Q
09/30/202511/05/202510-Q
06/30/202507/30/202510-Q
03/31/202505/21/202510-K
12/31/202402/05/202510-Q
09/30/202410/30/202410-Q
06/30/202408/06/202410-Q
03/31/202405/29/202410-K
12/31/202301/24/202410-Q
09/30/202311/01/202310-Q
06/30/202308/09/202310-Q
03/31/202305/31/202310-K
12/31/202202/01/202310-Q
09/30/202211/01/202210-Q
06/30/202208/03/202210-Q
03/31/202206/01/202210-K
12/31/202102/02/202210-Q
09/30/202111/08/202110-Q
06/30/202108/04/202110-Q
03/31/202106/02/202110-K
12/31/202002/03/202110-Q
09/30/202011/04/202010-Q
06/30/202008/05/202010-Q
03/31/202006/02/202010-K
12/31/201902/05/202010-Q
09/30/201911/05/201910-Q
06/30/201908/06/201910-Q

Recent Forward Guidance

Updated 5/31/2026

Latest: Q4 2025 Earnings Reported 5/27/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue 85.00 Mil 6.2% RaisedGuidance: 80.00 Mil for Q4 2025
Q1 2026 Net Income 3.00 Mil 0 AffirmedGuidance: 3.00 Mil for Q4 2025
Q1 2026 EPS 0.07 0 AffirmedGuidance: 0.07 for Q4 2025
Q1 2026 Non-GAAP Net Income 8.00 Mil 0 AffirmedGuidance: 8.00 Mil for Q4 2025
Q1 2026 Non-GAAP EPS 0.17 0 AffirmedGuidance: 0.17 for Q4 2025

Prior: Q3 2025 Earnings Reported 2/4/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Revenue 80.00 Mil 18.5% RaisedGuidance: 67.50 Mil for Q3 2025
Q4 2025 Net Income 3.00 Mil 50.0% RaisedGuidance: 2.00 Mil for Q3 2025
Q4 2025 EPS 0.07 40.0% RaisedGuidance: 0.05 for Q3 2025
Q4 2025 Non-GAAP Net Income 8.00 Mil 33.3% RaisedGuidance: 6.00 Mil for Q3 2025
Q4 2025 Non-GAAP EPS 0.17 21.4% RaisedGuidance: 0.14 for Q3 2025

Insider Activity

Updated 6/12/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Dambier, Laura A DirectSell612202637.634,000150,520564,149Form
2Kosiba, John W JRSVP, CFO & TreasurerDirectSell611202637.466,769253,57912,526,384Form
3McGahn, Daniel PChairman, President and CEODirectSell611202637.4516,117603,50342,385,198Form
4Kosiba, John W JRSVP, CFO & TreasurerDirectSell610202641.774,835201,96714,250,293Form
5McGahn, Daniel PChairman, President and CEODirectSell610202641.789,670403,99647,963,341Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Dambier, Laura A DirectSell612202637.634,000150,520564,149Form
2Kosiba, John W JRSVP, CFO & TreasurerDirectSell611202637.466,769253,57912,526,384Form
3McGahn, Daniel PChairman, President and CEODirectSell611202637.4516,117603,50342,385,198Form
4Kosiba, John W JRSVP, CFO & TreasurerDirectSell610202641.774,835201,96714,250,293Form
5McGahn, Daniel PChairman, President and CEODirectSell610202641.789,670403,99647,963,341Form
6Kosiba, John W JRSVP, CFO & TreasurerDirectSell603202648.946,447315,54816,934,005Form
7McGahn, Daniel PChairman, President and CEODirectSell603202648.8812,893630,26556,594,087Form
8Kosiba, John W JRSVP, CFO & TreasurerDirectSell603202650.7730,4621,546,48617,891,968Form
9McGahn, Daniel PChairman, President and CEODirectSell603202650.7872,5253,682,88959,444,649Form
10Oliver, David R JR DirectSell226202634.102006,8202,070,109Form
11Oliver, David R JR DirectBuy111320258.332001,666507,355Form
12House, Arthur H DirectSell808202550.929,703494,0822,477,944Form
13McGahn, Daniel PChairman, President and CEODirectSell806202554.49100,8485,495,52664,472,710Form
14Kosiba, John W JRSVP, CFO & TreasurerDirectSell806202554.5950,0002,729,45619,263,956Form
15Kosiba, John W JRSVP, CFO & Treasurer401(k) planSell806202555.269,843  Form
16Klein, Margaret D DirectBuy80620255.575002,78291,132Form
17McGahn, Daniel PChairman, President and CEODirectSell612202528.5812,815366,24236,695,103Form
18Kosiba, John W JRSVP, CFO & TreasurerDirectSell612202528.576,642189,77811,511,560Form
19Kosiba, John W JRSVP, CFO & TreasurerDirectSell609202531.834,744151,01213,036,345Form
20McGahn, Daniel PChairman, President and CEODirectSell609202531.827,689244,67041,265,118Form
Core Cache Last Updated: 7/3/2026