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I assume they do..... they're not incompetents, but I too would think the sales growth would be greater. Very frustrating!!
You would think just from all of the natural disasters (hurricanes, tornadoes) where al of the power lines were knocked down, and destroyed, that our best of class material, would be used for millions of dollars in sales. Our super lines also eliminate many of the blackouts, that leaves so many homes without power. Every Government agency in those cities/states that have these destructive storms, should all be contacted by our sales team, to educate them that our product is the best that is on the market, and that they should be buying it.
The contract announced today amounts to $8 Millionover3 years without guarantee that the Navy will choose this method of mine detectio. That said they probably will ut it's still 3 years before a significant income from this application. On the other hand its in addition to the Nay business which still promises strong future growth. It is also significant in that this development, when completed is likely to be directly transferable to other "commercial" applications beyond the established cable applications.
AMSC Announces $26 Million of New Energy Power System Orders
Tue, January 24, 2023 at 8:00 AM EST
AYER, Mass., Jan. 24, 2023 (GLOBE NEWSWIRE) -- AMSC® (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of our Navy’s fleet, today announced $26 million of new energy power systems orders. This includes orders for enclosed capacitor banks, harmonic filters, voltage controllers, rectifiers, D-VAR VVO® and transformers. Most of the revenue from these orders is expected to be recognized in fiscal year 2023.
“Our Company is providing new energy power systems solutions for more industrial uses,” said Daniel P. McGahn, Chairman, President and CEO, AMSC. “These new energy power system solutions are used for industrial processes and manufacturing such as mining, metal extraction, metal processing, and chemical plants among others. Approximately two-thirds of today’s announced orders come from industrial uses and about one-fourth from renewable projects in wind and solar. We have built a business focused on sustainability that we believe is well positioned to take advantage in renewables, semiconductor, mining and materials, as well as in other industrial markets. These orders, plus the recently announced award of our fifth ship protection system (LPD-32) contract, underscore our strong momentum.”
AMSC’s new energy power systems include D-VAR® and D-VAR VVO® offerings as well as NEPSI™ and Neeltran™ businesses. Customers utilize AMSC’s solutions to provide voltage control, power factor correction, and reactive compensation to stabilize the power grid and prevent undesirable events such as voltage collapse. The systems are designed to detect and instantaneously compensate for voltage disturbances. AMSC offers power conversion products. These products include transformers and rectifiers. Additionally, the systems help utilities manage their power quality concerns and expand grid capacity for renewable distributed generation.
AMSC Awarded Contract for Ship Protection System on LPD-32
Tue, December 6, 2022 at 8:00 AM
AMSC finalized its fifth Ship Protection System contract, which has become the baseline design for the San Antonio-Class Amphibious Ship Platform.
AYER, Mass., Dec. 06, 2022 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™, and protect and expand the capability of our Navy’s fleet, today announced it has entered into a delivery contract with Huntington Ingalls Industries through its Ingalls Shipbuilding division (Ingalls) for a high temperature superconductor (HTS)-based ship protection system to be deployed on the San Antonio-class of amphibious transport dock ship, LPD-32.
The LPD-32 contract marks AMSC’s fifth ship protection system for the San Antonio Class Amphibious ship platform. Other AMSC awarded contracts for the San Antonio Class include the USS Fort Lauderdale, USS Richard McCool, USS Harrisburg, and USS Pittsburgh.
Under the terms of the contact, AMSC has agreed to deliver the degaussing system to Ingalls’ shipbuilding facility in Pascagoula, Mississippi for integration into LPD-32. LPD-32 represents the third vessel of the next generation amphibious warship ‘Flight II’ variant of the San Antonio-class.
AMSC’s innovative degaussing system consists of smaller, lighter, and higher performing high-temperature superconductor (HTS) cable, eliminating 50% to 80% of the system weight with significant power savings. The system is designed to reduce the magnetic signature of a ship, which can interfere with undersea mines’ ability to detect and damage the ship. The San Antonio-class of ships can carry up to 800 troops and has the capability of transporting and debarking landing craft air cushion or conventional landing crafts, augmented by helicopters or vertical take-off and landing aircraft such as the MV-22. These ships are expected to support amphibious assault, special operations or expeditionary warfare missions through the first half of the 21st century.
I am just going to say that this will probably go back up to the mid teens if the earnings tomorrow are good. Grid is infrastructure and there are a lot of potential builds out there.
Buy at 12.20, sell at 12.80. Buy again at 12.20, sell again at 12.80. Easy peezy. Long hold..... bad call. Take profits, good call.
Anybody in for the bounce? Got in Friday @5.00
With 3Q reported an excellent guidance with commonwealth and Addison and a dozen other utilities which represents about 500 million in revenue
Updated analysts models should show significant price target improvement over the next few days
* * $AMSC Video Chart 11-07-18 * *
Link to Video - click here to watch the technical chart video
Analyst Actions: Craig Hallum Initiates Coverage on American Superconductor With Buy Rating and $11 PT
9/13/18, 9:17 AM. Just reported two hours ago
Analyst Actions: Craig Hallum Initiates Coverage on American Superconductor With Buy Rating and $11 PT
Analyst price target $11
News coming soon!
SEC confidential treatment filed on August 30
Given the environment of the US pushing for IP protection
AMSC management was totally inadequate For a settlement of only $60 million on a $1 billion tab( I.e. six cents on the dollar)
They should’ve also negotiated for futuresales from China Sinocal then that settlement would’ve been OK
AMSC Announces Settlement with Sinovel Wind Group
7:30 pm ET July 3, 2018 (Globe Newswire) Print
AMSC (Nasdaq:AMSC), a global energy solutions provider serving wind and power grid industry leaders, announced that today AMSC and Sinovel Wind Group Co. Ltd. (Sinovel) have entered into a settlement agreement to resolve all existing commercial disputes between the parties.
Under the terms of the settlement agreement, Sinovel has agreed to pay AMSC an aggregate cash amount in Renminbi (RMB) equivalent to $57.5 million, consisting of two installments. Sinovel has agreed to pay AMSC the first installment of $32.5 million by July 5, 2018, and has agreed to pay AMSC the second installment of $25 million (Second Payment) within ten (10) months after the U.S. District Court delivers the first sentence against Sinovel, which is expected to occur on July 6, 2018 (Second Payment Due Date). Mr. Wenyuan Wei, former Sinovel chairman and a current Sinovel shareholder, has delivered a letter of guarantee to AMSC for the Second Payment should Sinovel fail to make such payment by the Second Payment Due Date.
In addition, pursuant to the terms of the settlement agreement, AMSC and its wholly-owned Austrian subsidiary, AMSC Austria GmbH, have granted Sinovel a non-exclusive license for certain AMSC intellectual property to be used solely in Sinovel's doubly fed wind turbines. In the event that Sinovel or Mr. Wei does not make the Second Payment by the Second Payment Due Date, the agreement provides that the non-exclusive license will terminate.
AMSC and Sinovel have also agreed to submit withdrawal applications to terminate the various legal proceedings between them, with the right to re-file, to the relevant Chinese courts and the Beijing Arbitration Commission. In addition, AMSC and Sinovel have agreed to a mutual release covering all subject matters of the commercial disputes, effective upon the completion of the Second Payment.
Mr. Daniel P. McGahn, President and CEO of AMSC, expressed that, "We valued the past cooperation between Sinovel and AMSC which was heralded as the example of Sino-US cooperation in the new energy area. Through Sinovel's and AMSC's joint efforts, we have signed a settlement agreement to resolve the previous disputes in a constructive manner that we believe will enable us to move on with our respective businesses. This closes a challenging chapter for AMSC."
McGahn continued, "We thank the Chinese, American, Austrian, and EU governments for their attention, understanding and support."
About AMSC (Nasdaq:AMSC)
AMSC generates the ideas, technologies and solutions that meet the world's demand for smarter, cleaner ... better energy(TM). Through its Windtec(TM) Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. Through its Gridtec(TM) Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency, and performance. AMSC's solutions are now powering gigawatts of renewable energy globally and are enhancing the performance and reliability of power networks in more than a dozen countries. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe, and North America. For more information, please visit www.amsc.com.
AMSC, Windtec, Gridtec, PowerModule, and Smarter, Cleaner ... Better Energy are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks, or service marks belong to their respective holders.
Sorry no link was from brokerss website.
thanks
have followed this for years.
Great company.
u
AMSC Transcript from most recent conference call—
Key date is July 6,2018 for intellectual property (IP) law suit
See below
——————————————————————————————-
Philip Shen, ROTH Capital Partners - Analyst [8]
--------------------------------------------------------------------------------
Great, thanks, Dan. One other quick question on Sinovel and then I'll pass it on. I know it sounds like it may be delayed another month, the hearing. Does that mean the date now is July 6 or does that mean the date is now in August?
And can you talk through the scenarios of what the possible sentencing could be? After sentencing is concluded what are the scenarios that could be -- that could play out for you guys? And I'm guessing it's tough to ascribe probabilities, but insofar as you can help us understand (multiple speakers).
--------------------------------------------------------------------------------
Dan McGahn, American Superconductor Corp. - President & CEO [9]
--------------------------------------------------------------------------------
(Multiple speakers) at this point and try to give people comfort on what we know and what we understand. So in regards to the date, I think it's public. And we tended to not really announce the dates and stuff for this case because it's not our case, just so people understand that on the call because it's a US Department of Justice case.
We aren't really pretty to the behind-the-scenes dealings between the prosecution and the defense. We are the victim and we are a witness. So information flow to us is at best limited. So my understanding is that the date that was June 6 is now July 6. And the reasoning that was given from the court was it was because of the scheduling of the court. So my understanding is I guess the judge had a conflict on June 6 so they moved it out to July 6.
Our understanding on what should happen is the sentencing should include a fine and it should include restitution direction to us. I think that once a number is established, whatever that number might be, it gives a clear endpoint for the US government and the Chinese government to understand what the damages are. Having two criminal convictions, having a US case conviction under this current administration I think bodes well.
There is a lot of these trade issues that are out there. We are front and center as part of that. In many ways we have become the poster child for intellectual property theft in regards to China. As part of this 301 action our understanding is the way that the administration has presented some of these trade issues to China is there is principally an issue over IP theft, and secondarily an issue over trade imbalance. And the idea is to use one to leverage the other.
There is a three letter company in China that they have sanctions and fines. I think today that company actually has a $1 billion fine against it, so there's some additional precedent being set that helps us. (Insert ZTE)
Our hope is that our four letter company ( Insert AMSC) gets restitution through this process. And I think the court setting a number makes a lot of our claims in China, the 1.2 billion in claims in China, hopefully not only vindicates the facts of the guilty verdict but also the claims of the damages and the value of the forced IP transfer. So hopefully that's helpful, Phil.
In Jan 2018 US DOJ
announced criminal conviction of Sinovel Wind Group of China in
Landmark Trade Secret Theft Case
AMSC has a lawsuit in Beijing highest technology court that’s over $1 billion dollars. It has gone through the process and it’s been about five years and a decision is near term
It is based on a Chinese company Sinoval inappropriate theft of AMSC IP technology that they had done business with for a number of years for wind technology.
This could be a good faith first start for China recognizing Technology patents of US companies
Correction : screener gave me "fake news" , earnings due 2/5 but this stock getting ready to soar over recent court victory :
http://www.quotemedia.com/portal/quote?qm_symbol=amsc&searchBySymbol=symbol
Well let's see , news today and earnings coming out after close . Should be interesting ~
Just waiting for the number
It is happening...
what ever happened with billion dollar lawsuit against Sinovel, any updates yet..WTF
ARDSLEY ADVISORY PARTNERS has filed a new 13G, reporting 7.4% ownership in $AMSC - https://fintel.io/so/us/amsc
$AMSC recent news/filings
bullish 8.5
after hours
breakout to new highs
good bullish candles
above average high green volume
recent 'golden cross' support
long term inverted head and shoulders bottom
$10M in new orders
New seperate agreement with BASF
## source: finance.yahoo.com
$AMSC charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$AMSC company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/AMSC/company-info
Ticker: $AMSC
OTC Market Place: Not Available
CIK code: 0000880807
Company name: American Superconductor Corp.
Incorporated In: DE, USA
$AMSC share structure
## source: otcmarkets.com
Market Value: Not Available
Shares Outstanding: 14,042,359 a/o Feb 04, 2016
Float: Not Available
Authorized Shares: Not Available
Par Value: Not Available
$AMSC extra dd links
Company name: American Superconductor Corp.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=AMSC+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=AMSC+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=AMSC+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/AMSC/news - http://finance.yahoo.com/q/h?s=AMSC+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/AMSC/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/AMSC/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=AMSC+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/AMSC
DTCC (dtcc.com): http://search2.dtcc.com/?q=American+Superconductor+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=American+Superconductor+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=American+Superconductor+Corp.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/AMSC
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000880807&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/AMSC/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/AMSC/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=AMSC&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=AMSC
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/AMSC/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=AMSC+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=AMSC+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=AMSC
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=AMSC
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=AMSC+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/AMSC/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=AMSC+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/AMSC.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=AMSC
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/AMSC/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/AMSC/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/AMSC
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/AMSC
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/AMSC:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=AMSC
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=AMSC
$AMSC DD Notes ~ http://www.ddnotesmaker.com/AMSC
What is going through this kevin douglas's mind, hard to stomach already, hundreds of millions lost
needs to hold 6 bucks for a triple bottom, very bullish
look at his buys in IMAX WOW 2008-05-08
Purchase(A) 2008-05-29
7:14 pm Imax Corp IMAX Douglas Kevin
Douglas James E III
Douglas Family Trust
James & Jean Douglas Irrevocable Descendants Trust
K&m Douglas Trust
Douglas Michelle
Other
10% Owner 2,726,447 $6.602 $18,000,004 3,709,372
(Indirect) View
2008-05-08
Purchase 2008-05-12
6:15 pm Imax Corp IMAX Douglas Kevin
Douglas James E III
Douglas Family Trust
James & Jean Douglas Irrevocable Descendants Trust
Other
10% Owner 2,726,447 $6.602 $18,000,004 3,709,372
(Indirect) View
How will Douglas ever get even having hundreds of million invested in the 200 and 300 range, just dont get it
Looks like Douglas's hundreds of million dollar investment is dn to under 20 mil i believe, just sickening
SOUNDS LIKE NO ONE CARES ABOUT THIS SUIT, ITS THE OTHER ONES WORTH HUNDREDS OF MILLIONS THAT HAVE TEETH.
WOW really, by the way stock acts it looks like a zero settlement is priced in, that's for sure, this sucks
Just curious, what happens to shareholders if someone buys out Amsc and then Amsc wins law suit from Sinovel? who gets the dough?
He don't need 200-300$ range, his last purchase was at 6$ for around 22M. If AMSC become cash flow positive in 2016 he will make money, or he bet big on China court outcome for 450M case?!
how will he ever get even paying in the the 200 and 300 dollar range, seriously, what happens if someone comes in with a low ball bid of 10 to 20 bucks, he's screwed.
Wow bounced off this 6 dollar offering with authority, you cant have a major shareholder pay 200 and 300 dollars a share and have it 6 bucks, maybe some law suit news would be nice, this crap has dragged on for way way to long..
He has lost around 225M till now and still investing. He may take it private?
Mr Douglas paid up to 200 and 300 dolaars a share now 6 bucks, what will he do next.
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