American Superconductor Corporation (AMSC)

NASDAQ: AMSC · IEX Real-Time Price · USD
+0.21 (1.67%)
Feb 26, 2024, 12:08 PM EST - Market open

Company Description

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide.

The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services.

It provides transmission planning services, which 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; resilient electric grid systems, resilient electric grid systems; D-VAR systems used for controlling power flow and voltage in the AC transmission system; actiVAR system, a fast-switching medium-voltage reactive compensation solution; armorVAR system installed for reactive compensation, power factor correction, loss reduction, utility bill savings, and mitigation of common power quality concerns related to power converter-based generation and load devices; and D-VAR volt var optimization (VVO) that serves the distribution power grid market.

This segment also offers ship protection systems, which reduce a naval ship's magnetic signature; and in board power delivery systems, power generation systems, and propulsion systems; and transformers and rectifiers systems.

The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand.

It supplies power electronics and software-based control systems, engineered designs, and support services; and provides customer support services to wind turbine manufacturers.

This segment's design portfolio comprises a range of drivetrains and power ratings of 2 megawatts and higher.

The company was incorporated in 1987 and is headquartered in Ayer, Massachusetts.

American Superconductor Corporation
American Superconductor logo
Country United States
Founded 1987
IPO Date Dec 11, 1991
Industry Specialty Industrial Machinery
Sector Industrials
Employees 328
CEO Daniel Patrick McGahn

Contact Details

Sixty Four Jackson Road
Devens, Massachusetts 01434
United States
Phone (978) 842-3000

Stock Details

Ticker Symbol AMSC
Exchange NASDAQ
Fiscal Year April - March
Reporting Currency USD
CIK Code 0000880807
CUSIP Number 030111207
ISIN Number US0301112076
Employer ID 04-2959321
SIC Code 3621

Key Executives

Name Position
Daniel Patrick McGahn Chairman, President and Chief Executive Officer
John W. Kosiba Jr. Chief Financial Officer, Senior Vice President and Treasurer
James F. Maguire Executive Vice President of Technology
John R. Samia Secretary

Latest SEC Filings

Date Type Title
Feb 14, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Jan 31, 2024 424B5 Filing
Jan 31, 2024 8-K Current Report
Jan 30, 2024 424B5 Filing
Jan 30, 2024 S-3 Registration statement under Securities Act of 1933
Jan 30, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Jan 30, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Jan 24, 2024 10-Q Quarterly Report
Jan 24, 2024 8-K Current Report
Nov 1, 2023 10-Q Quarterly Report