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Maker of grid interconnection and power-electronics systems, and superconductor-based technology for utilities and the navy.
Maker of grid interconnection and power-electronics systems, and superconductor-based technology for utilities and the navy.
Earns by selling equipment on project orders: power-stability systems for grids and renewable plants, and magnetic ship-protection systems to the US Navy. After losing its main Chinese wind customer, Sinovel, in a 2011 dispute, it rebuilt around grid and Navy work.
Moat: narrow (IP / patents, process know-how). Proprietary superconductor and power-electronics IP used in specialized grid and naval applications.
Headquarters: Ayer, Massachusetts, US · Founded: 1987 · Employees: 1,195
Size American Superconductor (AMSC) is a United States Industrials company (Electrical Products) with a market value of $1.13B, the 2173rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $23.39 on 6 Nov 2026.
Performance Over six months the shares fell 57.6%, against -30.6% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 25.9% over the last twelve months (peer median +20.8%); the operating margin is 4.4% (peer median 5.4%).
Valuation It trades at 22.1× forward earnings against a peer median of 25.2× (7th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 56% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is +29 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 17.2 points below its cost of capital (19.8% WACC).
Short interest Short interest is 8.4% of the free float (15 Oct 2026).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $321M | $299M | $223M | $146M | $106M |
| Revenue growth | — | +34% | +53% | +37% | — |
| Gross profit | $89.1M | $89.0M | $60.1M | $33.1M | $5.78M |
| EBITDA | $24.0M | $25.3M | $13.2M | -$1.97M | -$26.5M |
| Net income | $137M | $134M | $6.03M | -$11.1M | -$35.0M |
| Free cash flow | $20.5M | $18.3M | $25.9M | $1.20M | -$23.7M |
| Capital expenditure | $14.7M | $4.99M | $2.42M | $961,000 | $1.52M |
| Total debt | $3.90M | $4.00M | $3.37M | $2.71M | $3.08M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| American Superconductor AMSC | $1.13B | -58% | +26% | 4% | 22.1× | 56.5% |
| Siemens Energy ENR.DE | $111B | -33% | +9% | 9% | 26.4× | 17.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AMSC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -24.4% | -16.2% | 6th lowest of 21 |
| 6-month return | -57.6% | -30.6% | lowest of 20 |
| Distance from 52-week high | -61.1% | -49.4% | 3rd lowest of 21 |
| Revenue growth (TTM) | +25.9% | +20.8% | 8th highest of 21 |
| Operating margin | 4.4% | 5.4% | 9th lowest of 21 |
| Forward P/E | 22.1× | 25.2× | 7th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 56.5% | 15.5% | most demanding of 10 |
| Growth delivered (Del g) | +28.0% | +8.1% | 2nd highest of 9 |
| Hurdle (Req g minus delivered) | +28.5 pp | +6.7 pp | 2nd most demanding of 9 |
| ROIC minus cost of capital | -17.2 pp | -1.7 pp | 2nd lowest of 21 |
| EV / EBITDA | 41.2× | 29.7× | 3rd most expensive of 6 |
| Net debt / EBITDA | -6.0× | 0.5× | least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| American Superconductor AMSC | United States | $1.13B | -58% | +26% | 4% | 22.1× | 56.5% | +28.0% |
| Keli Motor 002892.SZ | China | $1.13B | -14% | +13% | -1% | n/a | n/a | n/a |
| Goldcup Electric Apparatus 002533.SZ | China | $1.14B | -21% | +23% | 3% | 11.0× | n/a | n/a |
| Quality Power Electrical Equipments QPOWER.NS | India | $1.12B | +7% | +90% | 19% | 56.3× | n/a | n/a |
| Jiangsu Cai Qin Technology 688182.SS | China | $1.12B | -39% | +86% | 9% | 50.2× | n/a | n/a |
| Baosheng Science & Technology Innovation 600973.SS | China | $1.11B | -26% | +31% | 1% | 60.2× | 9.1% | +6.9% |
| Shanghai Cooltech Power 300153.SZ | China | $1.11B | -27% | +84% | 5% | 29.0× | 37.0% | +20.3% |
| Shanghai QiFan Cable 605222.SS | China | $1.11B | -51% | +12% | 2% | 16.4× | n/a | n/a |
| Tokai Carbon Korea 064760.KS | South Korea | $1.10B | -53% | +23% | 28% | 15.0× | 8.8% | +5.7% |
| Windey Energy Technology 300772.SZ | China | $1.09B | -42% | +23% | -2% | n/a | n/a | n/a |
| Harbin Electric Corp. Jiamusi Electric Machine 000922.SZ | China | $1.18B | -22% | +3% | 7% | 25.2× | 11.1% | +15.8% |
| Shenzhen Mason Technologies 002654.SZ | China | $1.18B | -34% | -6% | 1% | n/a | n/a | n/a |
| Jiangsu Haili Wind Power Equipment Technology 301155.SZ | China | $1.18B | -31% | -69% | -17% | 78.0× | n/a | n/a |
| PFISTERER PFS0.DE | Germany | $1.18B | n/a | +17% | 14% | 16.6× | 15.5% | n/a |
| Dynapack International Technology 3211.TWO | Taiwan | $1.08B | -36% | +19% | 11% | 15.1× | 4.3% | -7.3% |
| Jiangsu Zenergy Battery Technologies 3677.HK | Hong Kong | $1.19B | -56% | +58% | 6% | 8.1× | n/a | n/a |
| Atlanta Electricals ATLANTAELE.NS | India | $1.19B | -10% | +59% | 16% | 38.9× | 20.6% | +28.4% |
| Xiangtan Electrochemical Scientific 002125.SZ | China | $1.08B | -25% | +1% | 9% | n/a | 19.4% | +9.2% |
| PowerX 485A.T | Japan | $1.20B | -55% | +213% | -1% | n/a | n/a | n/a |
| Shenzhen Highpower Technology 001283.SZ | China | $1.07B | 0% | +18% | 5% | 23.8× | n/a | n/a |
| SPG 058610.KS | South Korea | $1.20B | -42% | -7% | 5% | 104.8× | 40.9% | -0.8% |