American Superconductor (AMSC) Raises Q2 Outlook

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Go back to American Superconductor (AMSC) Raises Q2 Outlook

AMSC Improves Second Quarter Business Outlook

September 10, 2024 8:00 AM EDT

AYER, Mass., Sept. 10, 2024 (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 and resiliency of our Navys fleet, today announced updated financial guidance for its second fiscal quarter ending September 30, 2024 to reflect the recently announced acquisition of NWL.

AMSC now expects revenues, inclusive of its NWL acquisition, to be in the range of $50 million to $55 million for the second quarter of fiscal 2024. The Companys previous... More