American Superconductor Company announced today that it has shipped approximately 56,000 feet of its second generation(2G) high-temperature superconductor (HTS) wire for use in Project HYDRA. Project HYDRA focuses on upgrading Manhattan’s power grid using AMSC’s Secure Super Grids(TM). The project heavily funded by the Department of Homeland Security, and AMSC is the prime contractor and the wire supplier.
Benefits of upgrading New York’s grid using AMSC’s technology are expected to include more efficient power delivery … Read the rest
AMSC licensed its proprietary WT1650 wind turbine design to Model Enerji Ltd., Turkey’s first megawatt-class wind turbine manufacturer. Model Enerji has exclusive rights to manufacture, sell, install, operate and maintain the WT1650 in Turkey.
“Because of its vast wind resources, open terrain and industrial infrastructure, Turkey is predicted to be among the world’s fastest growing wind energy markets,” said M. Celal Keki, General Manager of Model Enerji. “Our highly experienced management team has extensive … Read the rest
Citron Research (formerly StockLemon.com) is known for its in depth research and peeling away the truth behind a company’s numbers, exposing the true nature of the business or lack thereof. Today, they issued a report on American Superconductor (AMSC), calling the company an industrial commodity (who happens to supply the wind industry) rather than an alt energy play. They also bring attention to the request of the company that the SEC withhold key information from … Read the rest
American Superconductor (AMSC) reported results this morning that didn’t meet analyst expectations. While revenues doubled over the year ago quarter, gross margins increased and the company continues to narrow its losses, the company reported a loss of .15/share, missing estimates by .09 on revenues of 39.8 million (missed by one million). However, it should be noted that the losses this quarter included a one time non cash chart of .06 share, so excluding that … Read the rest
Green Alternative Energy Stocks – Solar, Wind, LED Lighting,Smart Grid, Electric/Hybrid Cars, Wave Energy, Green Building, Biofuels & Geothermal