AMSC

Losses climbed and revenue sunk for Devens-based AMSC due to reduced Chinese wind product sales and lower grid support sales.

In a deal announced Wednesday that could be worth up to $60 million, Devens-based energy technology company AMSC has agreed to develop a plan to build a superconducting cable system that it said will strengthen Chicago's electric grid.

A group of seven friends were charged by federal regulators Friday of illegally making more than $550,000 through insider trading of Devens-based AMSC stock.

Devens-based AMSC said today that it has received a $40 million order for wind turbine electrical control systems (ECS).

Devens-based wind energy equipment manufacturer AMSC laid off an unspecified number of employees at its headquarters today as part of a restructuring that will include the closing of a plant in Wisconsin and the opening of a new one in Romania.

Devens-based AMSC narrowed its losses in the third quarter ending Dec. 31, according to an earnings statement, while revenue increased due to growth in the clean energy firm's wind segment.

AMSC has agreed to set aside $10 million to settle claims that it artificially inflated its financial results between July 2010 and July 2011, according to court filings.

American Superconductor Corp. (AMSC), a Devens-based wind and power grid company, announced it has increased its borrowing capacity through an amendment to its existing loan and a stock sales agreement.

Devens-based wind and power grid company AMSC reduced its loss in its most recent financial quarter, but said governmental instability in Asia could prevent the company from reaching its full-year revenue target.

AMSC, a Devens-based wind and power grid company, will connect South Africa's largest wind farm to the electricity grid under a new contract with high-voltage construction company Consolidated Power Projects (CONCO), based in that country.