Investor’s Watch List: American Superconductor Corporation (NASDAQ: AMSC)

On 12 Dec 2019, American Superconductor Corporation (NASDAQ: AMSC) changed 3.32% to recent value of $7.77. The stock transacted 191624 shares during most recent day however it has an average volume of 199.05K shares. It spotted trading -52.74% off 52-week high price. On the other end, the stock has been noted 7.32% away from the low price over the last 52-weeks.

AMSC (AMSC) recently stated financial results for its second quarter of fiscal year 2019 ended September 30, 2019.

Revenues for the second quarter of fiscal 2019 were $14.0M contrast with $14.9M for the same period of fiscal 2018. The year-over-year decrease was a result of lower ECS shipments to Inox during the period, partially offset by higher Grid section revenues versus the year ago period. The higher Grid section revenues are primarily Because of increased D-VAR revenues and increased REG revenue versus the year ago period.

AMSC’s net loss for the second quarter of fiscal 2019 was $0.8M, or $0.04 per share, contrast to net income of $22.6M, or $1.11 per share, for the same period of fiscal 2018.  The Company’s non-GAAP net loss for the second quarter of fiscal 2019 was $1.5M, or $0.07 per share, contrast with a non-GAAP net loss of $2.7M, or $0.13 per share, in the same period of fiscal 2018. Please refer to the financial table below for a reconciliation of GAAP to non-GAAP results.

Cash, cash equivalents, marketable securities and restricted cash on September 30, 2019 totaled $68.6M, contrast with $74.7M at June 30, 2019.

“Our Grid business grew over 50% in the second quarter of fiscal 2019 versus the year ago period,” stated Daniel P. McGahn, Chairman, President and CEO, AMSC. “The strong growth in our Grid business for the quarter was driven by another quarter of strong D-VAR shipments, as well as increased REG revenue versus a year ago. We believe we are on-track to deliver strong Grid revenue growth in fiscal year 2019.”

AMSC has a gross margin of 21.00% and an operating margin of 7.20% while its profit margin remained 8.10% for the last 12 months. Its earnings per share (EPS) expected to touch remained 179.50% for this year while earning per share for the next 5-years is expected to reach at 25.00%. The company has 20.83M of outstanding shares and 17.66M shares were floated in the market. According to the most recent quarter its current ratio was 3 that represents company’s ability to meet its current financial obligations. The price moved ahead of -2.31% from the mean of 20 days, -4.30% from mean of 50 days SMA and performed -19.82% from mean of 200 days price. Company’s performance for the week was 3.19%, 1.30% for month and YTD performance remained -30.31%.


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