Why American Superconductor Stock Shocked Investors on Thursday [Yahoo! Finance]
American Superconductor Corporation (AMSC)
Last american superconductor corporation earnings: 2/5 04:05 pm
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US:NASDAQ Investor Relations:
ir.amsc.com/investor-relations
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Source: Yahoo! Finance
On Thursday, its stock rose 22.8% through 10:40 a.m. ET. Heading into its fiscal fourth quarter of 2023, analysts forecast this specialist in interconnecting renewable power sources with electrical systems would lose $0.02 per share on sales of only $37.1 million. AMSC actually earned a $0.05-per-share profit (well, sort of), and its $42 million in sales eclipsed analyst predictions. AMSC Q1 earnings Not all the news was good. It turns out that the $0.05-per-share "profit" that excited analysts was only a pro forma number. When calculated according to generally accepted accounting principles ( GAAP ), AMSC actually lost $0.05 per share. Despite that quibble, however, AMSC's Q4 improvement was undeniable. AMSC posted 32.5% sales growth in the final quarter of its fiscal 2024, with grid revenue rising 21% and wind revenue more than doubling. Yet cost of goods sold grew only 13%, and operating costs were up only 19%, both numbers much lower than the revenue growth. As a result,
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News
- Meet The MIT Professor With Eight Climate Startups And $2.5 Billion In Funding [Forbes]Forbes
- Renewable Energy Stocks Q2 In Review: American Superconductor (NASDAQ:AMSC) Vs Peers [Yahoo! Finance]Yahoo! Finance
- Has American Superconductor (AMSC) Outpaced Other Computer and Technology Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- Meridian Contrarian Fund Trimmed American Superconductor Corporation (AMSC) Following Strong Results [Yahoo! Finance]Yahoo! Finance
- American Superconductor Co. (NASDAQ: AMSC) had its "buy" rating re-affirmed by analysts at Craig Hallum. They now have a $33.00 price target on the stock.MarketBeat
AMSC
Earnings
- 8/6/24 - Beat
AMSC
Sec Filings
- 8/28/24 - Form S-8
- 8/13/24 - Form 8-K
- 8/12/24 - Form 424B7
- AMSC's page on the SEC website