Last $1.88 USD
Change Today -0.02 / -1.05%
Volume 251.6K
AMSC On Other Exchanges
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Exchange
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As of 1:49 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

american superconductor corp (AMSC) Snapshot

Open
$1.90
Previous Close
$1.90
Day High
$1.93
Day Low
$1.87
52 Week High
07/25/13 - $2.86
52 Week Low
05/8/14 - $1.25
Market Cap
149.3M
Average Volume 10 Days
2.3M
EPS TTM
$-0.87
Shares Outstanding
79.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AMERICAN SUPERCONDUCTOR CORP (AMSC)

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american superconductor corp (AMSC) Details

American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment enables manufacturers to field wind turbines; provides a range of power electronics and software-based control systems, which are integrated and designed for optimized performance, efficiency, and grid compatibility; designs and develops onshore and offshore wind turbines; licenses its engineered wind turbine designs; and offers customer support services to wind turbine manufactures. This segment provides its products and services under the Windtec Solutions brand. The Grid segment offers products and services that enable electric utilities and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand. It provides transmission planning services that 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; D-VAR systems that offer reactive power to stabilize voltage on the grid, as well as to connect wind farms and solar power plants to the power grid; and D-SVC systems that maintain steady line voltages adjacent to inductive loads, such as motors, welders, arc furnaces, and pipeline pumping stations. This segment also offers resilient electric grid systems that provide protection against the calamitous effects; standalone fault current limiters, which act as surge protectors for the power grid; and degaussing ship protection systems that reduce a naval ship’s magnetic signature. The company has strategic alliance with LS Cable, Nexans, Siemens, and Vestas to develop and commercialize its products. American Superconductor Corporation was founded in 1987 and is headquartered in Devens, Massachusetts.

269 Employees
Last Reported Date: 06/5/14
Founded in 1987

american superconductor corp (AMSC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $500.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $312.0K
Executive Vice President of Operations
Total Annual Compensation: $295.0K
Compensation as of Fiscal Year 2013.

american superconductor corp (AMSC) Key Developments

American Superconductor Corporation Wins $60 Million Contract for Chicago Electric Grid Project

American Superconductor Corporation announced that Exelon Corporation (EXC) will use its high temperature superconductor technology to build a superconducting cable system that will strengthen Chicago's electric grid. The Resilient Electric Grid (REG) effort is part of the U.S. Department of Homeland Security (DHS) Science and Technology Directorate's work to secure the nation's electric power grids and improve resiliency against extreme weather, acts of terrorism, or other catastrophic events. The company said the total funding for the project of $60 million will be provided by the Department of Homeland Security.

American Superconductor Corporation Enters into Modification to the Other Transaction Agreement with the U.S. Department of Homeland Security

On July 14, 2014, American Superconductor Corporation entered into modification P00011 to the other transaction agreement dated January 22, 2008 by and between the U.S. Department of Homeland Security and the Company. Under the terms of the Modification, the Company entered into a multi-phase cost sharing arrangement, in collaboration with a major U.S. utility, pursuant to which the Company, Department of Homeland Security, and the Utility will fund the manufacturing and deployment of the Company's Resilient Electric Grid system (REG) into the Utility's electric grid. The first phase of this multi-phase project is expected to take six to nine months to complete and is intended to evaluate and develop the installation plan for the REG system into the Utility's electric grid. As provided in the Modification, the Company will identify multiple other utilities that may be interested in the REG system and develop installation plans with them as well. The follow on phases of the project provide for the manufacture and installation of the REG system and are conditioned upon successful completion of the first phase of the project and agreement to proceed amongst the Company, Department of Homeland Security and Utility. The term of the follow on phases of the project is currently planned to be forty-two months after the date the parties agree to proceed after the successful completion of the first phase. The total funding for this project expected to be provided by Department of Homeland Security under the Modification is $60.0 million, which represents the total amount of revenue the Company is expected to recognize from this project. The funding for the first phase of the project is approximately $1.5 million, which has been obligated by Department of Homeland Security. The expected funding for the remaining phases of the project is approximately $58.5 million. Revenues would be recognized over the life of the project on a percentage of completion basis. The funding to be provided by Department of Homeland Security for the project is expected to cover all of the Company's direct incremental costs associated with the project, as well as a portion of its fixed costs.

U.S. Utility to Fund the Manufacturing and Deployment of American Superconductor Corporation's Resilient Electric Grid System into the Utility’S Electric Grid

On July 14, 2014, American Superconductor Corporation entered into modification P00011 to the other transaction agreement dated January 22, 2008 by and between the U.S. Department of Homeland Security and the company. Under the terms of the Modification, the Company entered into a multi-phase cost sharing arrangement, in collaboration with a major U.S. utility, pursuant to which the Company, DHS, and the Utility will fund the manufacturing and deployment of the Company’s Resilient Electric Grid system into the Utility’s electric grid. The first phase of this multi-phase project is expected to take six to nine months to complete and is intended to evaluate and develop the installation plan for the REG system into the Utility’s electric grid. As provided in the Modification, the Company will identify multiple other utilities that may be interested in the REG system and develop installation plans with them as well. The total funding for this project expected to be provided by DHS under the Modification is $60.0 million, which represents the total amount of revenue the Company is expected to recognize from this project. The funding for the first phase of the project is approximately $1.5 million, which has been obligated by DHS. The expected funding for the remaining phases of the project is approximately $58.5 million. Revenues would be recognized over the life of the project on a percentage of completion basis. The funding to be provided by DHS for the project is expected to cover all of the Company’s direct incremental costs associated with the project, as well as a portion of its fixed costs.

 

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AMSC

Industry Average

Valuation AMSC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.6x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.1x
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