Key Developments: American Superconductor Corp (AMSC.OQ)

AMSC.OQ on NASDAQ Stock Exchange Global Select Market

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24 Dec 2014
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Latest Key Developments (Source: Significant Developments)

American Superconductor Corp prices equity offering
Friday, 7 Nov 2014 09:28am EST 

American Superconductor Corp:Prices underwritten registered direct offering of common stock units.Agrees to sell 9,090,909 common stock units to a single investor. Each common stock unit consists of one share of common stock and 0.90 of a warrant to purchase one share of common stock, at an offering price of $1.10 per common stock unit.Each warrant included in a common stock unit will have an exercise price of $1.10 per share, will be exercisable immediately from the date of issuance and will expire on Nov. 12, 2019.Shares of common stock and the warrants will be immediately separable and will be issued separately.Net proceeds to AMSC from this offering are expected to be about $9.0 mln, after deducting the underwriting discount and estimated offering expenses.expects to close the offering, subject to customary conditions, on or about Nov. 12.In connection with the offering, Cowen and Company, LLC acted as lead book-running manager and MLV & Co. LLC served as co-manager.  Full Article

American Superconductor Corp gives Q3 2014 revenue outlook, revenue outlook below analysts' estimates, updates FY 2014 revenue outlook
Thursday, 6 Nov 2014 08:03am EST 

American Superconductor Corp:Expects Q3 2014 revenue to be in the range of $18 to $20 million.Q3 2014 net loss to be less than $12.5 million, or $0.15 per share.Q3 2014 non-GAAP net loss to be less than $11.5 million and $0.13 per share.Q3 2014 revenue of $24 mln, net income of $(10.8) mln and EPS of $(0.10) - Thomson Reuters I/B/E/S.Now expects FY 2014 revenues to be in the range of $65 to $75 million.FY 2014 revenue of $77 mln - Thomson Reuters I/B/E/S.  Full Article

American Superconductor Corp reaffirms FY 2014 revenue outlook
Thursday, 21 Aug 2014 08:31am EDT 

American Superconductor Corp:Reiterates FY 2014 expectation of flat to slightly down revenues as compared to FY 2013.Reported revenue of $84.12 mln in FY 2013.FY 2014 revenue of $76.87 mln - Thomson Reuters I/B/E/S.  Full Article

American Superconductor Corp receives follow-on order from Inox Wind
Thursday, 21 Aug 2014 08:30am EDT 

American Superconductor Corp:Received a $15 million order for wind turbine electrical control systems (ECS) from Inox Wind Ltd.  Full Article

American Superconductor Corp gives Q2 2014 outlook; reaffirms FY 2014 revenue outlook
Tuesday, 5 Aug 2014 08:00am EDT 

American Superconductor Corp:Expects Q2 2014 revenues will be flat to slightly higher sequentially.Expects Q2 2014 net loss to be less than $15.5 mln, or $0.19 per share.Expects Q2 2014 non-GAAP net loss will be less than $13.0 mln, or $0.16 per share.Continues to expect FY 2014 revenues to be down slightly compared to fiscal 2013.Reported revenue of $11.7 mln in Q1 2014.Reported revenue of $84.12 mln in FY 2013.Q2 2014 revenue of $20.75 mln, net loss of $0.12 - Thomson Reuters I/B/E/S.FY 2014 revenue of $81.85 mln - Thomson Reuters I/B/E/S.  Full Article

American Superconductor Corp gives Q1 2015 outlook, revenue outlook below analysts' estimates, earnings above analysts' estimates; gives FY 2015 revenue outlook below analysts' estimates
Thursday, 5 Jun 2014 08:31am EDT 

American Superconductor Corp:Expects Q1 2015 revenues in the range of $11 to $13 million.Q1 2015 net loss to be less than $16 million, or $0.20 per share.Q1 2015 non-GAAP net loss will be less than $13.5 million, or $0.17 per share.Q1 2015 revenue of $19 million, net income of $(9.60) million and EPS of ($0.15) - Thomson Reuters I/B/E/S.Reported revenue of $84 mln in FY 2013.Expects FY 2015, revenues to be down slightly compared to FY 2014.FY 2015 revenue of $98 mln - Thomson Reuters I/B/E/S.  Full Article

American Superconductor receives $40 mln follow-on order from Inox Wind
Thursday, 5 Jun 2014 08:30am EDT 

American Superconductor Corp:Receives a $40 mln order for wind turbine electrical control systems (ECS) from Inox Wind Ltd, part of India's Inox Group of Companies.AMSC expects to begin shipments under this new order during the second quarter of fiscal 2014 and expects to complete shipments during calendar year 2015.  Full Article

American Superconductor Corp announces installations of D-VAR STATCOM systems
Thursday, 1 May 2014 08:01am EDT 

American Superconductor Corp:Installed and commissioned three D-VAR STATCOM systems in Africa and the United States.New installations are connecting renewable power plants to the grid and ensuring power quality at industrial sites.Additionally won four new D-VAR contracts in Australia, North America, and South Africa.For all of these new contracts, D-VAR system will be used to meet grid interconnection standards and safely and efficiently connect wind and solar energy generation plants to power grid.  Full Article

American Superconductor Corp updates on Q4 2013 guidance
Wednesday, 19 Mar 2014 12:01pm EDT 

American Superconductor Corp:Expects Q4 2013 revenues to be in the range of $14 to $16 mln and net loss in range of $20 to $22 mln, or $0.27 to $0.30 per share.Expects Q4 2013 non-GAAP net loss in range of $10 to $12 mln or $0.14 to $0.16 per share.Q4 2013 revenue of $20 mln - Thomson Reuters I/B/E/S.  Full Article

American Superconductor Corp issues Q4 2013 guidance
Thursday, 6 Feb 2014 08:02am EST 

American Superconductor Corp:Expects Q4 2013 revenues to exceed $16 million and that its net loss will be less than $16 million, or $0.24 per share.Says this forecast excludes any impact from mark-to-market adjustments related to the company's derivative liability and warrants.Expects that its non-GAAP net loss for its Q4 2013 to be less than $12 million, or $0.18 per share.Q4 2013 revenue of $24 million and EPS of ($0.15) - Thomson Reuters I/B/E/S.  Full Article

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