AMSC

Stock in Devens-based AMSC shot up more than 30 percent this week after the company announced expanded relationships with both the U.S. Navy and energy provider Eversource.

AMSC of Devens, whose stock has been trading at less than $1 per share for four months, issued a 1-for-10 reverse stock split Wednesday after approval last week by shareholders, the company announced.

It was a company that was flying high until, rather suddenly, its numbers began taking a southward dive.

AMSC of Devens continued to lose money in the most recent fiscal quarter that ended Dec. 31, despite increasing revenue over the previous year.

Losses climbed and revenue plummeted for Devens-based AMSC as both its wind and grid segment struggled in...

Devens-based AMSC said Korea Electric Power Corp. (KEPCO) is testing a cable that uses AMSC's trademarked wire at a smart grid demonstration site on Jeju Island, a province of South Korea. The high-temperature superconductor cable uses AMSC's Amperium HTS wire. According to AMSC, such cables are “power dense and have zero resistance, making them an ideal solution to moving large amounts of power underground and with a minimal footprint.” They're also capable of conducting 150 times the amount of electricity that can be conducted by copper or aluminum devices of the same size, according to AMSC, and benefit from no electrical losses, making them a “perfect conductor” of electricity.

It may not have profits, but AMSC, of Devens, does have prospects. Analysts say the troubled clean energy technology company is not in dire straits, but needs to execute on current orders and sign new deals to recover from several years of legal woes with overseas companies.

Devens-based AMSC said it has broken through another roadblock in the Chinese court system in the company's trade infringement battle with a former customer.

An international court has ordered energy technology manufacturer AMSC, of Devens, to pay $11 million to an Indian firm over an alleged breach of a licensing agreement, AMSC said Thursday.

While the company reported lowered revenue earlier this month due in part to lower Chinese wind product...