Email Newsletters

AMSC

AMSC reports sharp quarterly, annual losses

AMSC, a Devens wind- and power-grid planning and engineering company, reported sharp declines in revenue and net losses for the most recent quarter and full fiscal year.

AMSC expects $28M quarterly loss

American Superconductor Corp., a Devens power grid planner and engineer, said Wednesday it expects disappointing fourth-quarter revenue.

Devens wind power firm lost $2.8M last quarter

Devens wind and power grid services provider AMSC on Monday announced it lost $2.8 million in the last quarter, a slight improvement from the $3 million it lost in the same quarter 2015.

AMSC revenue rises on wind; secures $3.7M contract

Power grid and wind energy equipment manufacturer AMSC of Devens said Tuesday that revenue was up in its second quarter on the back of additional wind contracts and a $3.7 million government contract modification.
- Advertisement -

Analysts: AMSC needs to generate even more sales

A series of strong sales from energy company AMSC in the last few months seem like good signals from the Devens-based company, but analysts are still looking for more as the organization continues to work toward profitability. AMSC has been burning through cash since 2010, when its trade secrets were allegedly stolen by its largest customer, Sinovel Wind Group of China, which also refused to honor a $158.5 million contract. Since that time, AMSC has been embroiled in a $450 million lawsuit in China while trying to secure more wind customers and expand into other energy markets.

$40 million order for AMSC

Power grid and wind energy equipment manufacturer AMSC said Monday it has received a $40 million order from Inox Wind Limited for wind turbine electrical control systems (ECS).

AMSC receives $6 million in orders

Devens-based power grid and wind energy equipment manufacturer AMSC announced $6 million in orders Wednesday morning.

AMSC revenues rocket up as losses fall

Devens-based AMSC more than doubled revenue in the first quarter of fiscal year 2015, while cutting losses and expanding cash reserves, the company announced Wednesday.
- Advertisement -

AMSC announces $9M order

AMSC, the Devens-based manufacturer of wind and power grid technology, has received orders for $9 million in power grid-related productss in the U.S. and internationally, the company announced Tuesday.

AMSC to offer 4 million shares of common stock

Devens-based AMSC Thursday announced it would offer 4 million in common stock in an underwritten public offering.
ADVERTISEMENT

Latest Stories

More Business News
ADVERTISEMENT

Thought Leadership

More Thought Leadership

Career Opportunities

Chief Financial Officer

The Girl Scouts of Central and Western Massachusetts
,
Worcester, MA
$125,000 - $135,000

Production Manager – Columbia Tech

Columbia Tech
,
Westborough, MA

Retail and Customer Service Specialist

Girl Scouts of Central and Western Massachusetts
,
Worcester, MA
$20/hour
More Jobs | Submit a Job
More Events | Submit an Event

Get our email newsletter

Stay up-to-date on the companies, people and issues that impact businesses in Central Massachusetts.

Close the CTA