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American Superconductor
Type
Public (NASDAQ: AMSC)
Industry Electric power infrastructure
Founded 1987
Headquarters Devens, MA, U.S.
Key people
Daniel P. McGahn, President & CEO
Revenue $316 million (2010)
Net income
$16 million (2010)
Total assets $400 million (2010)
Website www.amsc.com

American Superconductor (AMSC) is an American energy technologies company based in Devens, Massachusetts specializing in the design and manufacture of power systems and superconducting wire. It owns AMSC Windtech in Klagenfurt, Austria.

American Superconductor installed a test of a superconducting electric power transmission power cable in the Detroit Edison Frisbee substation in 2001.

The world's first production superconducting transmission power cable, the Holbrook Superconductor Project, was commissioned in late June 2008. The suburban Long Island electrical substation is fed by about 600 meters of superconductor wire manufactured by American Superconductor, installed underground and chilled to superconducting temperatures with liquid nitrogen.

American Superconductor was chosen as a supplier for the Tres Amigas Project, the United States’ first renewable energy market hub. The Tres Amigas renewable energy market hub will be a multi-mile, triangular electricity pathway of Superconductor Electricity Pipelines capable of transferring and balancing many gigawatts of power between three U.S. power grids (the Eastern Interconnection, the Western Interconnection and the Texas Interconnection). Unlike traditional powerlines, it will transfer power as DC instead of AC current. It will be located in Clovis, New Mexico.

In 2009, the Department of Energy announced that they would provide $4.8M to AMSC for further development of superconducting electrical cables.

AMSC will sell three million meters of wire to allow LS Cable to build 10–15 miles of superconducting cabling for the grid. This represents an order of magnitude increase over the size of the current largest installation, at Long Island Power.

AMSC has demonstrated a 36.5 MW (49,000 horsepower) High-temperature superconductor (HTS) electric motor for the United States Navy, and is developing a similar 10 MW wind turbine generator through its wholly owned Austria-based subsidiary AMSC Windtech. It operates at 30–40 kelvins, and the cooling system uses 40 kW.

News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2020 2021-02-03 Future report Set alerts
Q2 2020 2020-11-03 Future report Set alerts
Q1 2020 2020-08-05 -0.11 -0.16
Q4 2019 2020-06-02 -0.24 -0.27
Q3 2019 2020-02-05 -0.32 -0.35
Q2 2019 2019-11-05 -0.07 -0.10
Q1 2019 2019-08-06 -0.30 -0.17
Q4 2018 2019-06-05 -0.23 -0.41
Q3 2018 2019-02-05 -0.11 0.83
Q2 2018 2018-11-06 -0.13 1.10

Ratings

2016-06-20 Initiated Coverage Oppenheimer Outperform $12.00
2016-06-20 Initiated Coverage Oppenheimer Holdings Inc. Outperform $12.00
2016-06-02 Reiterated Rating FBR & Co. Buy $14.00
2016-06-02 Reiterated Rating FBR & Co Buy $14.00
2016-05-19 Initiated Coverage FBR & Co. Outperform $14.00
2016-04-01 Reiterated Rating Rodman & Renshaw Neutral
2016-01-13 Reiterated Rating HC Wainwright Buy $10.00
2016-01-13 Initiated Coverage Rodman & Renshaw Buy $10.00
2015-12-17 Upgrade Ascendiant Capital Markets Hold to Buy
2015-11-13 Upgrade Ladenburg Thalmann Neutral to Buy
2015-09-25 Reiterated Rating Ladenburg Thalmann Neutral
2015-02-06 Set Price Target MLV & Co. Buy $1.75
2015-01-08 Initiated Coverage Cowen and Company Outperform
2014-12-30 Initiated Coverage Cowen and Company Outperform
2014-12-22 Initiated Coverage Cowen and Company Outperform $1.25
2014-08-13 Initiated MLV & Co Buy $2.10
2014-08-13 Initiated Coverage MLV & Co. Buy $2.10
2013-12-02 Downgrade Ascendiant Capital Markets Buy to Neutral
2013-06-28 Initiated Ascendiant Capital Markets Buy $3.25
2012-06-07 Reiterated Ardour Capital Hold $5.50 to $4
2012-04-11 Initiated Maxim Group Buy $7
2011-09-19 Reiterated Wedbush Neutral $15 to $6
2011-09-16 Downgrade Wunderlich Buy to Hold $12 to $6
2011-08-12 Reiterated Ardour Capital Hold $8.50 to $6.50
2011-04-06 Reiterated Wunderlich Buy $45 to $20
2011-04-06 Reiterated Barclays Capital Equal Weight $25 to $16
2011-04-06 Downgrade Brean Murray Buy to Hold
2011-04-06 Downgrade Ardour Capital Buy to Hold $50 to $22.50
2011-03-15 Reiterated Barclays Capital Equal Weight $30 to $25
2011-03-14 Reiterated Wunderlich Buy $50 to $45
2011-02-02 Reiterated Deutsche Bank Hold $30 to $36
2011-01-11 Reiterated Barclays Capital Equal Weight $36 to $30
2010-10-15 Downgrade Deutsche Bank Buy to Hold $36
2010-05-14 Reiterated Barclays Capital Equal Weight $39 to $36
2010-04-15 Upgrade Deutsche Bank Hold to Buy $36 to $38
2010-03-23 Upgrade Jefferies Hold to Buy $35
2010-02-04 Initiated Wunderlich Buy $50
2016-06-20 Initiated Coverage Oppenheimer Outperform $12.00
2016-06-20 Initiated Coverage Oppenheimer Holdings Inc. Outperform $12.00
2016-06-02 Reiterated Rating FBR & Co. Buy $14.00
2016-06-02 Reiterated Rating FBR & Co Buy $14.00
2016-05-19 Initiated Coverage FBR & Co. Outperform $14.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
McGahn Daniel P President and COO 0.42%  (350568) AMSC /
DOUGLAS KEVIN 13(d)(3) group 0.25%  (204100) AMSC / ETRM / FSYS / IMAX / QTWW / REFR / WPRT /
YUREK GREGORY J Chairman and CEO 0.21%  (176012) AMSC /
Kosiba John W JR SVP, CFO & Treasurer 0.14%  (113553) AMSC /
STANKIEWICZ CHARLES W EVP & GM, AMSC Power Systems 0.08%  (65331) AMSC / ZBB /
HENRY DAVID A SVP, CFO & Treasurer 0.08%  (62806) AMSC /
Maguire James F EVP, Gridtec Solutions 0.05%  (45266) AMSC /
Poor Timothy D. SVP, Global Sales & Bus. Dev. 0.05%  (44705) AMSC /
BUDHRAJA VIKRAM S 0.04%  (35481) AMSC /
SANTAMARIA ANGELO R SVP Global Manufacturing 0.04%  (33668) AMSC /
WOOD JOHN W JR 0.03%  (25631) AMSC / FLIR /
DiCecco Susan J VP, Corporate Administration 0.03%  (22857) AMSC / HITT /
SANDE JOHN VANDER 0.03%  (22000) AMSC /
OLIVER DAVID R JR 0.01%  (11279) AMSC /

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