American Superconductor Corporation
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Daniel Patrick McGahn
- Full Time Employees
- 1,195
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- 114 East Main Street Ayer MA United States 01432
- IPO Date
- Dec 12, 1991
- CIK
- 0000880807
- Website
- amsc.com
- Similar Companies
- Business
- American Superconductor Corporation (NASDAQ: AMSC) develops and manufactures advanced power resiliency solutions, megawatt-scale power electronics, and superconductor-based systems for electric grids, wind energy, and naval applications; core offerings include Gridtec Solutions such as D-VAR systems for dynamic voltage regulation and power factor correction, D-VAR VVO for voltage optimization, STATCOM systems, PQ-IVR critical power solutions, ship protection systems for degaussing naval vessels, and utility-scale grid interconnection support; Windtec Solutions encompassing electrical control systems, power converters, generators, drivetrains, SCADA, and turbine designs for wind turbine manufacturers. Founded in 1987 and headquartered in Ayer, Massachusetts, the company operates globally across Asia, Australia, Europe, and North America, serving utilities, renewable energy developers, industrial facilities, and military customers including the US Navy and Department of Defense. In August 2024, AMSC acquired NWL Inc., a New Jersey-based provider of power supplies for industrial and military sectors, in a $56.4 million transaction comprising $25 million cash and 1.2 million shares, enhancing its proprietary power products portfolio, military sales channels, and path to sustainable profitability amid fiscal 2025 revenue growth from grid and semiconductor orders.
Company News
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