The stock of American Superconductor (AMSC, Financial) recently experienced a significant decline, dropping 5.08% to $25.05 per share. The trading volume was at 659,014 shares, with a turnover rate of 1.72% and a price fluctuation of 6.81%.
In its latest financial report, AMSC reported revenue of $40.29 million and a net loss of $2.52 million, equating to an earnings per share of -$0.07. The company's gross profit stood at $11.81 million, with a negative price-to-earnings ratio of -101.32. Currently, no investment institutions have issued buy, hold, or sell recommendations for AMSC.
Within the business equipment services sector, where AMSC operates, the overall growth was 0.53%. Other notable performers in the sector included smart charging firms and Net Power Inc., with significant increases, while companies like Nuburu, Inc. and Nano Nuclear Energy Inc. showed high activity. Stocks such as Schmid Group and Laser Photonics had notable volatility.
American Superconductor is known for developing technologies and solutions aimed at smarter, cleaner, and more energy-efficient systems. Its Windtec and Gridtec solutions focus on wind turbine manufacturing and grid system optimization, respectively, with the majority of its revenue coming from its Grid segment.
