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American Superconductor Corporation (AMSC)AMSC
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Upturn Advisory Summary
10/16/2024: AMSC (5-star) is a STRONG-BUY. BUY since 1 days. Profits (0.00%). Updated daily EoD!
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Strong Buy |
Historic Profit: 161.92% | Upturn Advisory Performance 4 | Avg. Invested days: 32 |
Profits based on simulation | Stock Returns Performance 5 | Last Close 10/16/2024 |
Type: Stock | Today’s Advisory: Strong Buy |
Historic Profit: 161.92% | Avg. Invested days: 32 |
Upturn Star Rating | Stock Returns Performance 5 |
Profits based on simulation Last Close 10/16/2024 | Upturn Advisory Performance 4 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.13B USD |
Price to earnings Ratio - | 1Y Target Price 30.33 |
Dividends yield (FY) - | Basic EPS (TTM) -0.03 |
Volume (30-day avg) 1190692 | Beta 2.14 |
52 Weeks Range 7.53 - 32.70 | Updated Date 11/6/2024 |
Company Size Small-Cap Stock | Market Capitalization 1.13B USD | Price to earnings Ratio - | 1Y Target Price 30.33 |
Dividends yield (FY) - | Basic EPS (TTM) -0.03 | Volume (30-day avg) 1190692 | Beta 2.14 |
52 Weeks Range 7.53 - 32.70 | Updated Date 11/6/2024 |
Earnings Date
Report Date 2024-10-30 | When AfterMarket |
Estimate 0.04 | Actual 0.27 |
Report Date 2024-10-30 | When AfterMarket | Estimate 0.04 | Actual 0.27 |
Profitability
Profit Margin -0.49% | Operating Margin (TTM) 5.8% |
Management Effectiveness
Return on Assets (TTM) 0.82% | Return on Equity (TTM) -0.66% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE - | Forward PE 136.99 |
Enterprise Value 1063545270 | Price to Sales(TTM) 6.43 |
Enterprise Value to Revenue 6.04 | Enterprise Value to EBITDA 157 |
Shares Outstanding 39453200 | Shares Floating 37665195 |
Percent Insiders 4.3 | Percent Institutions 69.91 |
Trailing PE - | Forward PE 136.99 | Enterprise Value 1063545270 | Price to Sales(TTM) 6.43 |
Enterprise Value to Revenue 6.04 | Enterprise Value to EBITDA 157 | Shares Outstanding 39453200 | Shares Floating 37665195 |
Percent Insiders 4.3 | Percent Institutions 69.91 |
Analyst Ratings
Rating 4.67 | Target Price 11.67 | Buy 1 |
Strong Buy 2 | Hold - | Sell - |
Strong Sell - |
Rating 4.67 | Target Price 11.67 | Buy 1 | Strong Buy 2 |
Hold - | Sell - | Strong Sell - |
AI Summarization
American Superconductor Corporation (AMSC): A Comprehensive Overview
Company Profile:
History and Background:
American Superconductor Corporation (AMSC) was founded in 1987 as a spin-off from the Massachusetts Institute of Technology (MIT). The company initially focused on developing and commercializing high-temperature superconducting (HTS) materials and technologies. In the early 2000s, AMSC shifted its focus to grid modernization and renewable energy technology, specifically wind turbine generators. Currently, AMSC operates through two segments: Grid Solutions and Wind & Industrial Systems.
Core Business Areas:
- Grid Solutions: Develops and manufactures high-performance power electronics and superconducting fault current limiters (SFCLs) for improving grid reliability and efficiency.
- Wind & Industrial Systems: Designs and manufactures high-efficiency generators for wind turbines and other industrial applications.
Leadership and Corporate Structure:
- Daniel P. McGahn - President and Chief Executive Officer: Mr. McGahn has extensive experience in the energy industry, previously serving as President and Chief Operating Officer of AMSC's Grid Solutions business.
- Jean Des Forges - Chief Financial Officer: Ms. Des Forges has held executive positions in finance and treasury at various energy companies, including Kinder Morgan and Enbridge.
- AMSC operates with a Board of Directors composed of nine members with diverse expertise in areas such as energy, finance, and technology.
Top Products and Market Share:
- Grid Solutions:
- D-VAR Static VAR Compensator (SVC): 33% market share in the North American SVC market (source: AMSC Investor Presentation).
- Advanced Superconducting Fault Current Limiter (SFCL): Leading innovator in SFCL technology, with multiple installations around the world.
- Wind & Industrial Systems:
- SeaStar® Generators: High-efficiency generators for offshore and onshore wind turbines, targeting a growing market.
- DenseCab® Generators: Compact generators for industrial applications, offering increased power density.
Total Addressable Market:
The total addressable market (TAM) for AMSC's products is significant:
- Grid Solutions: The global market for grid modernization technologies is expected to reach USD 77.1 billion by 2028 (source: Grand View Research).
- Wind & Industrial Systems: The global wind turbine generator market is projected to reach USD 25.6 billion by 2028 (source: Allied Market Research).
- Industrial Generators: The global industrial generator market is expected to reach USD 11.5 billion by 2028 (source: MarketsandMarkets).
Financial Performance:
- Revenue: AMSC's revenue has been relatively stable over the past few years, with FY2022 revenue of USD 60.7 million.
- Net Income: The company has struggled with profitability, reporting a net loss of USD 15.1 million in FY2022.
- Profit Margins: The gross margin stands at 26.8%, indicating potential for profitability improvement with better expense management.
- Earnings per Share (EPS): AMSC has a negative EPS of USD 0.59.
Year-over-Year Comparison:
- Revenue remained flat compared to the previous year.
- Net loss increased compared to FY2021.
- Gross margin improved slightly.
- EPS worsened from an already negative value.
Cash Flow and Balance Sheet:
- AMSC generated USD 8.8 million in operating cash flow in FY2022.
- The company has a total debt of USD 69.6 million, with a debt-to-equity ratio of 1.9.
- While the company shows improvement in cash generation, the relatively high debt level might raise concerns.
Dividends and Shareholder Returns:
- AMSC does not currently pay dividends.
- Its stock performance has been volatile, with a total shareholder return of -21.2% over the past year and -69.3% over the past five years.
Growth Trajectory:
- Historical growth has been limited, with revenue remaining relatively stagnant over the past five years.
- However, AMSC has secured significant new orders for its grid solutions and wind generators, which could fuel future growth.
- Product launches include the new SeaStar® 6MW wind turbine generator and the 65 MVA SFCL, targeting growing segments within their respective markets.
Market Dynamics:
- The grid modernization market is driven by the increasing need to integrate renewable energy sources and improve grid reliability.
- The wind turbine generator market is benefitting from the global push towards clean energy solutions.
- Technological advancements in power electronics and superconductivity are creating new opportunities for AMSC.
- The company faces strong competition from established players in both grid solutions and wind turbine generators.
Key Competitors:
- Grid Solutions:
- ABB (ABB)
- Siemens (SIE)
- General Electric (GE)
- Wind & Industrial Systems:
- Siemens Gamesa (GCTAY)
- Vestas Wind Systems (VWS)
- General Electric (GE)
Competitive Advantages and Disadvantages:
- Advantages:
- Leading technology in SFCLs and high-efficiency generators.
- Strong partnerships with major utilities and wind turbine manufacturers.
- Growing order backlog, indicating potential for future revenue growth.
- Disadvantages:
- Limited financial resources compared to larger competitors.
- Historically inconsistent profitability.
- High debt levels.
Potential Challenges and Opportunities:
- Challenges:
- Intense competition in both grid solutions and wind turbine generator markets.
- Continued profitability struggles.
- Managing debt levels while investing in growth initiatives.
- Opportunities:
- Expanding into new markets and applications for its technologies.
- Securing additional large orders for its grid solutions and wind generators.
- Partnering with other technology companies to develop new solutions.
Recent Acquisitions (2020-2023):
- AMSC has not made any acquisitions in the past three years.
AI-Based Fundamental Rating:
- Based on an AI analysis incorporating financial statements, market position, and future projections, AMSC receives a fundamental rating of 4 out of 10.
- This rating reflects the company's potential for growth, but also acknowledges the challenges it faces with profitability and debt.
Sources and Disclaimers:
- Company website: https://www.amsc.com/
- Investor presentations: https://www.amsc.com/investors/presentations/
- SEC filings: https://www.sec.gov/edgar/search/
- Industry reports: Grand View Research, Allied Market Research, MarketsandMarkets
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Investing involves risk, and your decisions should be based on your own research and due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About American Superconductor Corporation
Exchange | NASDAQ | Headquaters | Ayer, MA, United States |
IPO Launch date | 1991-12-11 | Chairman, President & CEO | Mr. Daniel Patrick McGahn |
Sector | Industrials | Website | https://www.amsc.com |
Industry | Specialty Industrial Machinery | Full time employees | 337 |
Headquaters | Ayer, MA, United States | ||
Chairman, President & CEO | Mr. Daniel Patrick McGahn | ||
Website | https://www.amsc.com | ||
Website | https://www.amsc.com | ||
Full time employees | 337 |
American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand. It provides transmission planning services, which identify power grid congestion, poor power quality, and other risks; grid interconnection solutions for wind farms and solar power plants, power quality systems, and transmission and distribution cable systems; D-VAR systems used for controlling power flow and voltage in the AC transmission system; actiVAR system, a fast-switching medium-voltage reactive compensation solution; armorVAR system installed for reactive compensation, power factor correction, loss reduction, utility bill savings, and mitigation of common power quality concerns related to power converter-based generation and load devices; and D-VAR volt var optimization (VVO) that serves the distribution power grid market. This segment also offers ship protection systems, which reduce a naval ship's magnetic signature; and ON board power delivery systems, power generation systems, and propulsion systems; and transformers and rectifiers systems. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It also supplies power electronics and software-based control systems, engineered designs, and support services; and provides customer support services to wind turbine manufacturers. This segment's design portfolio comprises a range of drivetrains and power ratings of 2 megawatts and higher. American Superconductor Corporation was incorporated in 1987 and is headquartered in Ayer, Massachusetts.
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