American Superconductor Shares Fall Following Mixed 2Q Results

Dow Jones
Nov 07
 

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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