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American Superconductor
(NASDAQ:AMSC)
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Rating:69Neutral
Price Target:
$28.00
▼(-5.05% Downside)
Action:Downgraded
Date:09/07/26
The score is driven mainly by improved fundamentals and a very strong balance sheet, plus positive recent operating updates (record revenue/orders and sizable backlog). This is partially offset by weaker technicals (below key moving averages and negative MACD) and concerns about earnings quality/cash conversion despite a low P/E.
Positive Factors
Revenue Growth
The sharp increase in revenue demonstrates substantial business expansion across AMSC’s operating segments. If sustained, this larger revenue base can support greater operating scale, broaden customer adoption, and provide a durable foundation for future gross-profit growth.
Negative Factors
Weak Earnings Conversion
Operating cash flow remains materially below reported net income, reducing confidence that the recent earnings increase is fully supported by recurring cash generation. Persistent conversion weakness could constrain internally funded growth and make reported profitability less durable.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The sharp increase in revenue demonstrates substantial business expansion across AMSC’s operating segments. If sustained, this larger revenue base can support greater operating scale, broaden customer adoption, and provide a durable foundation for future gross-profit growth.
Read all positive factors
American Superconductor (AMSC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.22B
Dividend YieldN/A
Average Volume (3M)756.40K
Price to Earnings (P/E)8.1
Beta (1Y)2.07
Revenue Growth25.89%
EPS Growth668.83%
CountryUS
Employees1,195
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)3.10
Shares Outstanding48,442,142
10 Day Avg. Volume816,234
30 Day Avg. Volume756,402
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.62
Price to Sales (P/S)4.86
P/FCF Ratio79.61
Enterprise Value/Market Cap1.49
Enterprise Value/Revenue5.65
Enterprise Value/Gross Profit20.04
Enterprise Value/Ebitda61.61
Forecast
1Y Price Target
$55.00Price Target Upside86.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.88
Revenue Forecast (FY)$368.14M
American Superconductor Business Overview & Revenue Model
Company Description
American Superconductor Corporation (AMSC), along with its affiliated entities, delivers robust, large-scale power infrastructure and resiliency solutions across the globe. Its operations are primarily divided into two distinct segments: Grid and ...
How the Company Makes Money
AMSC makes money primarily by selling engineered power electronics systems and related software, along with associated services and support. A key revenue stream is its Grid segment, which includes products and solutions used by utilities and larg...
American Superconductor Earnings Call Summary
Earnings Call Date:May 27, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call presented a broadly positive picture: record quarterly revenue, double‑digit and mid‑30s annual growth, significant backlog expansion (~40% YoY 12‑month backlog), sustained GAAP and non‑GAAP profitability, stronger gross margins, a fortified cash position (~$148M), and strategic expansion via the Comtrafo acquisition and new wins (defense, Inox wind ECS, initial data center orders). The primary negatives were integration and acquisition-related noncash charges (purchase accounting and a $4.2M contingent consideration loss), higher R&D/SG&A tied to the acquisition, and a one‑time tax benefit that may not recur (management warns taxes will normalize as NOLs are used). Operationally, labor-driven capacity scaling and the early-stage nature of the data center opportunity introduce execution and timing risk. Overall, the positives — strong revenue, orders, backlog, margins, cash, and profitable operations — materially outweigh the one‑time and integration headwinds.Positive Updates
Record Revenue Quarter and Strong Fiscal Year Growth
Q4 revenue of $86.4M (reported as >$85M) — up ~30% YoY vs $66.7M; fiscal 2025 revenue $299M — up 34% YoY vs $223M. Company delivered 7 consecutive quarters of GAAP profitability and 11 consecutive quarters of non-GAAP profitability, marking sustained profitable operations.
Negative Updates
Higher SG&A and R&D Expenses
Q4 R&D and SG&A totaled $18.8M vs $15.6M prior-year quarter. FY25 R&D and SG&A totaled $73.4M vs $54.5M in FY24 — a sizable increase largely attributed to Comtrafo acquisition-related expenses and inherited operating costs.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Revenue Quarter and Strong Fiscal Year Growth
Q4 revenue of $86.4M (reported as >$85M) — up ~30% YoY vs $66.7M; fiscal 2025 revenue $299M — up 34% YoY vs $223M. Company delivered 7 consecutive quarters of GAAP profitability and 11 consecutive quarters of non-GAAP profitability, marking sustained profitable operations.
Read all positive updates
Company Guidance
For the first quarter of fiscal 2026 (ending 06/30/2026) AMSC guided revenue to exceed $85.0 million, GAAP net income to exceed $3.0 million (>$0.07 per share) and non‑GAAP net income to exceed $8.0 million (>$0.17 per share); the guidance includes roughly $1.5 million of purchase‑accounting/non‑cash amortization in cost of goods sold related to the Comtrafo acquisition that management expects to taper starting in Q2 FY26, after which Comtrafo’s gross margin should align with AMSC’s. Management framed this outlook against a 12‑month backlog of over $280 million (≈40% growth vs. $200M a year ago; total backlog ≈$375M), fiscal 2025 revenue of ~$299M (+34% y/y), year‑end cash of about $148M, and average lead times of roughly 9–12 months.American Superconductor Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 320.87M | 299.15M | 222.82M | 145.64M | 105.98M | 108.44M |
| Gross Profit | 90.43M | 89.01M | 61.85M | 35.28M | 8.52M | 13.49M |
| EBITDA | 29.42M | 25.20M | 12.14M | -1.97M | -26.53M | -21.60M |
| Net Income | 136.58M | 133.81M | 6.03M | -11.11M | -35.04M | -19.19M |
Balance Sheet | ||||||
| Total Assets | 762.22M | 752.21M | 310.52M | 232.77M | 175.56M | 173.89M |
| Cash, Cash Equivalents and Short-Term Investments | 143.71M | 144.24M | 79.49M | 90.52M | 23.36M | 40.58M |
| Total Debt | 3.90M | 4.00M | 3.37M | 2.71M | 3.08M | 3.80M |
| Total Liabilities | 189.74M | 196.76M | 113.41M | 88.20M | 93.76M | 64.50M |
| Stockholders Equity | 572.47M | 555.45M | 197.11M | 144.57M | 81.80M | 109.39M |
Cash Flow | ||||||
| Free Cash Flow | 20.52M | 18.26M | 25.87M | 1.20M | -23.72M | -19.91M |
| Operating Cash Flow | 35.04M | 23.15M | 28.29M | 2.14M | -22.48M | -18.98M |
| Investing Cash Flow | -86.84M | -77.08M | -35.21M | -961.00K | -1.52M | -7.16M |
| Financing Cash Flow | -8.49M | 116.08M | 8.00K | 65.44M | 162.00K | 142.00K |
American Superconductor Technical Analysis
Negative
29.49
Price Trends
29.14
Negative
32.76
Negative
35.44
Negative
Market Momentum
-1.24
Positive
35.23
Neutral
22.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMSC, the sentiment is Negative. The current price of 29.49 is above the 20-day moving average (MA) of 28.34, above the 50-day MA of 29.14, and below the 200-day MA of 35.44, indicating a bearish trend. The MACD of -1.24 indicates Positive momentum. The RSI at 35.23 is Neutral, neither overbought nor oversold. The STOCH value of 22.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AMSC.
American Superconductor Risk Analysis
American Superconductor disclosed 37 risk factors in its most recent earnings report. American Superconductor reported the most risks in the "Macro & Political" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 2 New Risks
1.
Our performance on contracts with the U.S. Department of Defense may result in restrictions to our ability to repurchase our common stock or U.S. government denial of Foreign Military Sales or ceasing of assistance for international Direct Commercial Sales. Q1, 2026
2.
The ongoing conflict between the United States, Israel, and Iran has disrupted global energy markets and supply chains and could adversely affect our business, financial condition, and results of operations Q1, 2026
American Superconductor Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $55.03B | 34.94 | 14.55% | 0.55% | 12.66% | 10.33% | |
78 Outperform | $23.67B | 26.44 | 23.65% | 1.27% | 10.61% | 9.52% | |
74 Outperform | $5.50B | 28.75 | 27.51% | 0.24% | 7.04% | 8.18% | |
73 Outperform | $20.30B | 33.98 | 15.76% | 0.67% | 46.19% | 3.13% | |
73 Outperform | $74.81B | 42.99 | 42.11% | 0.13% | 26.23% | 111.00% | |
69 Neutral | $1.22B | 8.11 | 27.22% | ― | 25.89% | 668.83% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
AMSC
American Superconductor
25.12
-34.46
-57.84%
AME
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240.03
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29.05%
HUBB
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448.10
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POWL
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150.95
29.54
24.33%
NVT
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125.40
23.85
23.48%
VRT
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194.32
8.46
4.55%
American Superconductor Corporate Events
Business Operations and StrategyExecutive/Board Changes
American Superconductor Announces Board Director Resignation
Neutral
Sep 21, 2026
American Superconductor Corporation reported that Board member Barbara G. Littlefield notified the company of her decision to resign from the Board of Directors on September 17, 2026. Her resignation became effective at 12 p.m. eastern time on Fri...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
American Superconductor Reports Record Quarterly Revenue and Orders
Positive
Aug 5, 2026
On July 31, 2026, AMSC held its Annual Meeting of Stockholders, with about 75.5% of outstanding shares represented, and shareholders elected all nominated directors, including Chairman and CEO Daniel P. McGahn, to the board. Investors also ratifie...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.