AMSC Announces $15 Million of New Energy Power System Orders
American Superconductor Corporation (AMSC)
Last american superconductor corporation earnings: 2/5 04:05 pm
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
AYER, Mass., Feb. 18, 2021 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of our Navy’s fleet, today announced $15 million of new energy power system orders. This includes orders for AMSC’s D-VAR® STATCOM system, AMSC’s D-VAR VVO® system as well as NEPSI’s metal enclosed capacitor banks and harmonic filters. The orders principally serve the renewable and industrial sectors in the United States. These systems are expected to provide voltage regulation by responding to varying load conditions on the electric grid. Most of the revenue from these orders is expected to be recognized in fiscal year 2021. “These orders show continued strength in our Grid business,” said Daniel P. McGahn, Chairman, President and CEO, AMSC. “We expect yet another year of growth for our Grid business in fiscal 2020 and to be well positioned for
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AMSC
Earnings
- 1/24/24 - Beat
AMSC
Sec Filings
- 4/4/24 - Form 4
- 4/4/24 - Form 4
- 4/4/24 - Form 4
- AMSC's page on the SEC website