Revenue Update on American Superconductor Corporation(NASDAQ:AMSC)

American Superconductor Corporation(NASDAQ:AMSC) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $13.35M. Analysts estimated a revenue of $15.67M. Earnings per share were $-0.64. Analysts had estimated an EPS of $-0.92.

In a different note, Oppenheimer said it Initiates Coverage on American Superconductor Corporation, according to a research note issued on Jun 21, 2016. The shares have been rated ‘Outperform’ by the firm. FBR Capital said it Initiates Coverage on American Superconductor Corporation, according to a research note issued on May 19, 2016. The shares have been rated ‘Outperform’ by the firm.

American Superconductor Corporation (AMSC) shares turned negative on Wednesdays trading session with the shares closing down -0.1 points or -1.46% at a volume of 48,556. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.99. The peak price level was also seen at $6.99 while the days lowest was $6.77. Finally the shares closed at $6.77. The 52-week high of the shares is $12.5 while the 52-week low is $3.26. According to the latest information available, the market cap of the company is $96 M.

Several Insider Transactions has been reported to the SEC. On May 20, 2016, James F Maguire (EVP, Operations) sold 29,938 shares at $10.15 per share price.Also, On Apr 7, 2016, David A Henry (EVP, CFO & Treasurer) sold 12,545 shares at $8.21 per share price.On Feb 6, 2015, John Vander Sande (director) sold 5,000 shares at $1.15 per share price, according to the Form-4 filing with the securities and exchange commission.

American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company conducts its business through two segments: Wind and Grid. Through its Windtec Solutions brand the Wind business segment enables manufacturers to field wind turbines. Through the Gridtec Solutions brand the Grid business segment enables electric utilities and renewable energy project developers to connect transmit and distribute power. AMSC supplies power electronics and control systems licenses its engineered wind turbine designs and provides customer support services to wind turbine manufacturers. AMSC provides a range of power electronics and software-based control systems and transmission planning services. The Company also sells grid interconnection solutions for wind farms and solar power plants power quality systems and transmission and distribution cable systems. AMSC also sells ship protection products to the United States Navy through its Grid business segment.

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