American Superconductor Corporation (AMSC) Stock

American Superconductor Corporation (AMSC) is a Industrials stock trading at $30.05 (as of 2026-08-20), with a market capitalization of $1.43B and a trailing P/E of 10.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

American Superconductor Corporation provides megawatt-scale power resiliency solutions. It operates through two segments—Grid and Wind—with the Grid segment delivering Gridtec-branded products and engineering services that support electric utilities, industrial facilities, and renewable project developers with grid planning, interconnection, power quality, and transmission and distribution needs.

Understand American Superconductor Corporation: how it makes money

American Superconductor provides megawatt-scale power resiliency solutions, selling products and services that help electric utilities, industrial facilities, and renewable energy developers connect, transmit, and distribute power, and it earns revenue through its Grid, Wind, and Nealtran-related offerings.

Project-based demand drives a backlog, and that order backlog (Order Book) is the key forward-looking input to future revenue for Grid and related power solutions.

Revenue by segment (latest quarter)
Grid$0.1B
Wind$0.0B
Nealtran$0.0B

Business quality (Solid): The company has clear, project-driven operating signals (Order Book and New Orders Booked). Profitability exists but operating margin (4.5%) is modest, so execution and project timing matter for translating backlog into earnings.

Valuation: At 13× earnings, AMSC trades 63% below the Electrical Equipment average (35×). Note: one-time items can distort reported P/E.

Bull case

  • Grid-focused demand is visible in the order mix: Grid Portion of New Orders is 75%, indicating most new ordering activity is concentrated in the Grid side of the business.
  • Backlog is tracked and quantified: Order Book is USD_B 0.1, giving investors a direct operational read on the amount of contracted or pipeline demand the company is working toward.

Bear case

  • Operating profitability is relatively limited: Operating margin is 4.5%, which suggests that even with a 30.7% gross margin, costs and other items can materially narrow operating results.
  • Business mix can be uneven: Wind Portion of New Orders is 25%, so new ordering activity appears less weighted toward Wind than Grid.
Valuation — source: SEC EDGAR (first-party)
Price$30.05
Market Cap$1.43B
P/E Ratio10.3
EV / EBITDA48.9
Price / Book2.50
Price / Sales4.67
FCF Yield1.7%
DCF Value (model)$0.46
DCF Upside vs Price-98.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$299.15M
Net Margin44.7%
Revenue Growth (YoY)34.3%
EPS Growth (YoY)1850.0%
FCF Growth (YoY)-29.4%
Financial Health — source: SEC EDGAR
Altman Z-Score3.69 (safe)
Valuation vs Sector & Industry
Stock P/E10.3
Sector P/E (Industrials)25.9
Industry P/E (Electrical Equipment)37.8
vs Sector-60.1%
vs Industry-72.7%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($134.81M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryElectrical Equipment
CEODaniel Patrick McGahn
Employees569
CountryUS
IPO Date1991-12-12

Related Companies (Business model: Industrials / Capital Goods (Heavy Machinery + Diversified Industrials); 8 closest by market cap; US-domiciled)

  • Generac Holdings Inc. (GNRC)
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  • Franklin Electric Co., Inc. (FELE)
  • Plug Power Inc. (PLUG)
  • Thermon Group Holdings, Inc. (THR)
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AMSC earnings history · AMSC institutional & insider holders · AMSC KPIs & operating metrics · AMSC financials · AMSC investor presentations & press releases · AMSC SEC filings · AMSC peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.