Shares of american Superconductor Corporation (AMSC) jumped 35.3% in the afternoon session after the company reported impressive quarterly results, with sales and earnings significantly exceeding analysts' expectations. Notably, revenue grew 56% y/y, driven by organic expansion and contributions from the acquisition of NWL, Inc. On the other hand, its EPS guidance for the next quarter missed significantly. Despite the weak earnings outlook, the company emphasized its strong backlog, bookings, and financial position as key positives, amid efforts to expand to new markets. Zooming out, we think this was a very strong quarter.
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American Superconductor’s shares are extremely volatile and have had 66 moves greater than 5% over the last year. But moves this big are rare even for American Superconductor and indicate this news significantly impacted the market’s perception of the business.
American Superconductor is up 32.5% since the beginning of the year, and at $33.86 per share, it is trading close to its 52-week high of $36.81 from November 2024. Investors who bought $1,000 worth of American Superconductor’s shares 5 years ago would now be looking at an investment worth $4,625.
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