AMSC
American Superconductor Corporation

American Superconductor CorporationAMSC

Industrials · Specialty Industrial Machinery
23.39USD
-2.46%
Nov 08, 2026
AMSC overview ready
Grid-control and power-quality systems enabling complex utility connections
AMSC supplies grid-control, voltage-regulation, power-quality and resiliency systems, along with engineering services, used by utilities and large power users to manage constrained or complex grid connections.
Primary theme is lagging
Power / Grid is lagging (-16.9pp vs SPY over 21 sessions; 8 of 32 members ahead of SPY).
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
American Superconductor Corporation carries a Expensive valuation stance that the scored components do not clearly support.
Fundamentals not measured
Primary risk
Dependence on utility infrastructure spending cycles.
Market Nov 6Filing Sep 30Price action Nov 7Research Oct 6

Conviction Level

PriceAction3.4BusinessPerformance5.0BusinessQuality3.6Valuation2.9ThemeMomentum1.0Mixed — Revenue growth has accelerated across 4 consecutive quarters, rising from +21% to +43% year over year. Diluted EPS fell 46% year over year to $0.06. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Power / GridLagging
vs SPY
−16.9pp
Theme return
−21.9%
Beating SPY
8 of 32
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, 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
$1.1B
Avg Volume (60D)
797.1K
60 sessions
Revenue Growth YoY
+34.3%
FY2026 vs FY2025
Gross Margin
+28.0%
Trailing twelve months
Operating Margin
+5.2%
Trailing twelve months
Free Cash Flow Yield
+2.7%
Distance from 200DMA
-33.5%
Next Earnings
2027-02-03
P/E
8.4x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Mixed

Revenue growth has accelerated across 4 consecutive quarters, rising from +21% to +43% year over year. Diluted EPS fell 46% year over year to $0.06.

Latest reported: Q2 FY2027, ended Sep 30
Revenue growthAccelerating
+43%
$94.0M in Q2 FY2027 · YoY
YoY growth, last 4 quarters
  1. +21%
  2. +30%
  3. +30%
  4. +43%
Earnings growthDeclining
-46%
Diluted EPS $0.06 vs $0.11 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. n/a
  2. n/a
  3. +18%
  4. -46%
Operating marginExpanding
5.7%
+1.2 pp YoY · gross margin 28.2% (-2.8 pp)
The share count is rising

Business Quality

3.6 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads expensive.
American Superconductor Corporation carries a Expensive valuation stance that the scored components do not clearly support. Treat it as unresolved.

Company Research

Thesis
AMSC supplies grid-control, voltage-regulation, power-quality and resiliency systems, along with engineering services, used by utilities and large power users to manage constrained or complex grid connections. It also retains wind-grid interconnection and ship-protection/power-management operations.
Opportunity
High opportunity
Electrical equipment, grid-control systems, power-quality solutions and engineering capacity required to connect large new loads and generation while maintaining reliable, stable utility networks.
Key risk
Dependence on utility infrastructure spending cycles.

Economic classification

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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, distribution, and grid interconnection for utilities and energy developers.

How it earns

Revenue is generated primarily through project-based sales of products and engineering services to utilities and large power users.

Products & services
Grid-control systems
Voltage-regulation equipment
Power-quality solutions
Transmission planning services
Wind-grid interconnection systems
Customers & end markets
Electric utilities
Industrial facilities
Renewable energy project developers
Market position

Niche provider specializing in grid-control and power-quality systems for complex or constrained grid connections.

Demand drivers
Medium cyclicality

Demand depends on utility infrastructure investments and renewable energy project development cycles.

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