Why American Superconductor Stock Popped Today
Shares of American Superconductor (NASDAQ: AMSC) bounced back from a 15.5% post-earnings plunge yesterday to rise 11% as of 10:22 a.m. EDT Friday.
In its fiscal fourth-quarter and full-year 2020 earnings report, released Wednesday evening, the specialist in "megawatt-scale power resiliency solutions" for electric grids had exceeded expectations for sales, reporting $21.2 million in revenue for its final quarter of the fiscal year. Nevertheless, the company lost $0.29 per share ($0.21 pro forma), only matching analyst expectations.
For the full year, American Superconductor said revenue totaled $87.1 million, up 36.5% year over year, and net losses were $0.95 per share, 8% less than the $1.03 lost in fiscal year 2019.
Source Fool.com
