Tag Archives: windtec

American Superconductor (AMSC) Releases Preliminary Results, Expects Larger Losses

American Superconductor (AMSC) is releasing preliminary earnings results this evening and they aren’t pretty.  The company’s revenue estimates are about in line with analyst estimates at around 41 million, but the company is expecting larger losses for the quarter due to estimated cost overruns on its turnkey SVC projects, higher Windtec engineering costs, charges for excess inventory and unfavorable exchange rates.  Excuses, excuses, excuses.  Yep, it was a poorly executed quarter all the way around … Read the rest