By Connor Hart
Shares of American Superconductor tumbled after the company posted mixed results in its fiscal second quarter.
The stock sank 36% to $38.04 on Thursday, on pace for its largest percent decrease in more than 14 years. Shares are up about 54% year-to-date, despite having fallen 30% over the past three months.
The company, which provides megawatt-scale power solutions, late Wednesday posted a profit of $4.75 million, or 11 cents a share, for its three months ended Sept. 30. That is down slightly from $4.89 million, or 13 cents a share, in last year's comparable quarter.
Stripping out one-time items, earnings were 20 cents a share. Analysts polled by FactSet expected adjusted earnings of 15 cents a share.
Revenue jumped 20% to $65.9 million but missed the $67.9 million that Wall Street modeled.
Grid revenue increased 16% to $54.3 million, while wind revenue climbed 53% to $11.5 million.
Looking ahead, American Superconductor guided for fiscal third-quarter earnings of at least 5 cents a share, or at least 14 cents a share on an adjusted basis. Analysts were looking for earnings of 7 cents a share and adjusted earnings of 14 cents a share.
Revenue is expected to come in between $65 million and $70 million, compared with analyst views for $68.5 million.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
November 06, 2025 13:58 ET (18:58 GMT)
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