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Revenue was about $98 million in Q2 and $43 million during Q3. For the full fiscal year, revenue is expected to be $307 million.
American Superconductor has a potential upside of 52.7% based on a current price of $8 and an average consensus analyst price target of $12.21.
American Superconductor (NASDAQ:AMSC) said it will restate financial statements for Q2 and Q3 of fiscal 2010 because it recognized revenue before receiving payments from customers in China, according to a Bloomberg report.
Equity futures are pointing lower this morning with the Dow Jones Industrial Average looking to open 14 points lower while the broader S&P500 index is looking to open over 3 points lower. Moving fast in the pre-market session
The bank sees 2011 EPS of $0.67 and a 2012 loss of $1.46 per share.
American Superconductor has a potential upside of 129.5% based on a current price of $14.09 and an average consensus analyst price target of $32.33.
Citigroup lowered its price target for American Superconductor (NASDAQ:AMSC) to $17 from $25 and maintained its hold rating on the stock.
Greg Yurek, AMSC's founder and chief executive officer, said, "In the third quarter - our sixteenth consecutive quarter of sequential revenue growth - we generated record power grid-related revenues of approximately $20 million. S
American Superconductor (NASDAQ:AMSC) reported Q3 EPS of $0.40, ahead of consensus estimates of $0.33 per share. Revenues for the quarter rose 42% year-over-year to $114.2 million, topping consensus estimates of $113.5 million.
The power technology company's stock was last down 0.1%.
Shares of American Superconductor (AMSC) are hovering on either side of unchanged, despite several new orders for its D-VAR reactive compensation solution for wind farms in the United Kingdom, including Nordex UK Ltd.
American Semi shares are down 1.3%, or $0.38, to $28.24.
Shares of American Superconductor (AMSC) are down after the company announced that it has agreed to licensed several of its proprietary AMSC Windtec wind turbine designs to Beijing Jingcheng New Energy (JCNE), a subsidiary of stat
Officials from American Superconductor Corp. (NASDAQ:AMSC) announced Tuesday that South Korean firm, Doosan Heavy Industries & Construction Co., Ltd., placed an initial order for volume wind turbine electrical control systems,
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From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
