American Superconductor (NASDAQ: AMSC) continued its upward trajectory in pre-market trading on Thursday, surging 8.97% following an impressive rally the previous day. This sustained momentum comes on the heels of the company's outstanding first-quarter earnings report for fiscal year 2025 and optimistic second-quarter guidance.

The company's financial performance for Q1 FY2025 significantly exceeded analyst expectations. American Superconductor reported earnings of $0.29 per share, more than doubling the consensus estimate of $0.12 and marking a substantial 262.5% increase from the $0.08 per share earned in the same period last year. Revenue also impressed, coming in at $72.36 million, surpassing the analyst forecast of $64.97 million and representing a robust 79.6% year-over-year growth.

Adding to investor enthusiasm, American Superconductor provided an encouraging outlook for the second quarter of fiscal 2025. The company projects adjusted earnings per share of $0.14 and anticipates revenue in the range of $65 million to $70 million. This positive guidance, coupled with the strong Q1 results, has reignited interest in AMSC stock as the company continues to demonstrate its ability to execute its growth strategy in the superconductor and power systems markets. The pre-market surge follows a 10.38% gain in intraday trading on Wednesday, indicating sustained investor confidence in American Superconductor's performance and prospects.