AMSC
American Superconductor Corporation

American Superconductor CorporationAMSC

Industrials · Specialty Industrial Machinery
31.24USD
+3.31%
Sep 23, 2026
AMSC overview ready
Power-control equipment supplier enabling grid connection amid capacity constraints
AMSC is a grid-infrastructure provider and power-control equipment supplier, with additional exposure to utility and industrial power-transformer demand through Comtrafo.
Strong narrative exposure
Exposed to the Electric Grid Capacity Expansion narrative through Power Grid Connection Bottleneck — infrastructure supplier.
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Fundamentals under pressure
Free cash flow yield is weak.
Primary risk
Dependence on utility and renewable energy capital expenditure cycles.
Market Sep 22Filing Jun 30Price action Sep 22Research Aug 28

Conviction Level

NarrativeHeat9.1ThemeHeat8.9PriceAction3.4Valuation0.5CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$1.5B
Avg Volume (60D)
740.5K
60 sessions
Revenue Growth YoY
+34.3%
FY2026 vs FY2025
Gross Margin
+28.6%
Trailing twelve months
Operating Margin
+4.9%
Trailing twelve months
Free Cash Flow Yield
+0.4%
Distance from 200DMA
-12.6%
Next Earnings
2026-11-04
P/E
11.1x
EV / EBITDA
56.0x
EV / Sales
4.3x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Mar 31, 2025

Fundamentals & Valuation

Both valuation perspectives agree this company is expensive.
American Superconductor Corporation has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command.

Company Research

Thesis
AMSC is a grid-infrastructure provider and power-control equipment supplier, with additional exposure to utility and industrial power-transformer demand through Comtrafo.
Opportunity
High opportunity
Equipment, power-control systems, and grid-integration capability required to connect new generation and rapidly growing large loads where transmission and distribution capacity are constrained.
Key risk
Dependence on utility and renewable energy capital expenditure cycles.

Narrative & Theme

Electric Grid Capacity Expansion
Part of Power Grid Connection Bottleneck, with strong fit.
AMSC has a strong, direct economic connection to the grid-capacity buildout: its Grid segment supplies power-control systems, engineering and grid solutions that improve reliability, power quality, constraint management and the ability to scale electrical networks; the acquired Comtrafo business also manufactures large power and distribution transformers for utility and industrial customers.
Narrative HeatHot9.1 / 10
Theme HeatHot8.9 / 10

Business & Markets

Industrials · Specialty Industrial Machinery
What they do

American Superconductor Corporation provides megawatt-scale power resiliency solutions globally through its Grid and Wind segments, enabling power transmission and distribution as well as wind farm interconnection.

How it earns

The company generates revenue primarily through project-based sales of products and services to utilities and energy developers.

Products & services
Gridtec Solutions power grid products and services
Wind farm grid interconnection solutions
Transmission planning services
Customers & end markets
Electric utilities
Industrial facilities
Renewable energy project developers
Market position

Niche player specializing in power grid resiliency and wind farm interconnection solutions.

Demand drivers
Medium cyclicality

Demand depends on utility and renewable energy infrastructure investment cycles.

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