American Superconductor is growing revenue about 30% YoY with 43% margins and a wide moat, and sits 94.0% below its $52.49 analyst target, but free cash flow is near zero, the stock is down 62% from its high and in a downtrend, and earnings arrive in 3 days.
Thesis pillars
- High Margin Moat Weak Cash→Stable
- Strong Revenue Growth→Stable
- Large Upside To Analyst Target↓Deteriorating
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Nov 1, 2026, based on the 10-K filed May 27, 2026
American Superconductor Corpora (AMSC) Stock Analysis
Recovery setup · Inst Constrain edge
Industrials · Specialty Industrial Machinery
Sell if holding. Momentum 3.9/10 is below the 5.0 floor at $26.26 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Cyclical risk: PE expanding 2.2x (earnings normalizing); V7 low-quality RISK_OFF penalty: -0.5 (Q=5.3).
American Superconductor designs power control systems for the electric grid, wind turbine manufacturers, and naval ship protection, serving utilities, industrial customers, and the U.S. and Canadian navies. The company estimates its addressable market at over $15 billion for... Read more
Sell if holding. Momentum 3.9/10 is below the 5.0 floor at $26.26 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Cyclical risk: PE expanding 2.2x (earnings normalizing); V7 low-quality RISK_OFF penalty: -0.5 (Q=5.3). Chart setup: Death cross but MACD improving, RSI 47. Score 6.5/10, moderate confidence.
Passes 5/8 gates (favorable risk/reward ratio, clean insider activity, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA). Suitability: speculative.
About American Superconductor Corpora
About American Superconductor Corpora
American Superconductor's wind power electronics and control systems support a global installed base of more than 18 gigawatts, while the company pegs its total addressable market at over $15 billion for the fiscal year ended March 31, 2026. That market spans traditional and renewable energy, critical-materials manufacturing, and naval electrification, the last of which sits within more than $47 billion of U.S. federal investment in military ship systems and capabilities.
American Superconductor earns revenue by selling power electronics and control systems directly to grid operators, industrial facilities, and the U.S. and Royal Canadian Navy, and by licensing its wind turbine electrical-control-system and mechanical designs to turbine manufacturers such as Inox in India, which pays royalties and buys AMSC-made components. The company's Grid segment, which includes its proprietary D-VAR voltage-control systems and Amperium high-temperature superconductor wire, expanded through the acquisitions of Comtrafo, a Brazil-based transformer manufacturer completed in December 2025, and Megatran/NWL, a U.S. power-conversion manufacturer completed in August 2024. Many of AMSC's components and subassemblies are manufactured by a limited number of qualified suppliers, exposing the company to shortages and price fluctuations if it cannot find substitute sources on acceptable terms. AMSC also holds contracts with the U.S. and Canadian governments for naval ship protection and defense magnetics, which carry government audit rights and termination-for-convenience provisions typical of defense contracting.
Show full overview
A distinct risk for AMSC beyond ordinary termination-for-convenience exposure is a January 7, 2026 executive order, 'Prioritizing the Warfighter in Defense Contracting,' which directs the Secretary of Defense to flag contractors under-investing in production capacity or engaged in stock repurchases or dividends as Underperforming. Contractors found Underperforming face restrictions on share buybacks and dividends, executive pay caps, and possible denial of Foreign Military Sales advocacy. AMSC also discloses Wind-segment single-customer risk: a significant portion of Wind segment revenue has historically come from Inox, a licensee whose order book exceeds 3 gigawatts but has historically failed to post letters of credit and take delivery of forecasted shipment quantities.
See also: Industrials · Specialty Industrial Machinery
From American Superconductor Corpora's most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated Nov 4, 2026Recent Developments — American Superconductor Corpora
Latest news
- NEWS American Superconductor Q3 Adj EPS expected to be more than $0.15 vs $0.17 Est; Q3 Revenue expected to be more than $8 — benzinga Nov 4, 2026 negative
- NEWS American Superconductor Q2 Adj. EPS $0.19 Misses $0.20 Estimate, Sales $94.038M Beat $87.460M Estimate — benzinga Nov 4, 2026 negative
- NEWS Rate Stability Bets And A Durable-Goods Surprise Send American Superconductor (NASDAQ: AMSC), Rocket Lab (NASDAQ: RKLB), — Foreign Policy Journal Oct 28, 2026 neutral
- NEWS American Superconductor (AMSC) Stock Forum and Discussion - Moomoo — Moomoo Oct 28, 2026 neutral
- NEWS American Superconductor (AMSC) Projected to Announce Earnings on Wednesday - MarketBeat — MarketBeat Oct 28, 2026 neutral
Latest item Nov 4, 2026 · Generated 2026-11-05T11:29:00Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomerInox10-K Item 1A: 'A significant portion of our Wind segment revenues have historically been derived from Inox and a significant decrease in revenues from Inox could adversely impact our Wind segment.'
Material Events(8-K, last 90d)
- 2026-06-02Item 5.02LOWCompensation Committee and Board approved a Fiscal 2026 Executive Incentive Plan for the CEO and other executive officers on June 1, 2026, with cash incentive payouts capped at 200% of target, weighted 50% on non-GAAP net income vs. target. No director or officer departure.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
1 floor-breaker
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Momentum 3.9/10 is below the 5.0 floor at $26.26 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Cyclical risk: PE expanding 2.2x (earnings normalizing); V7 low-quality RISK_OFF penalty: -0.5 (Q=5.3). Chart setup: Death cross but MACD improving, RSI 47. Prior stop was $24.42. Score 6.5/10, moderate confidence.
Analyst target: $52.49 (+99.9% upside). Prior stop was $24.42. Stop-loss: $24.42.
Cyclical risk: PE expanding 2.2x (earnings normalizing); V7 low-quality RISK_OFF penalty: -0.5 (Q=5.3); Sector modifier (Industrials): -0.7.
American Superconductor Corpora trades at a P/E of 8.8 (forward 19.4). TrendMatrix value score: 7.4/10. Verdict: Sell.
11 analysts rate AMSC, with a consensus score of 4.2/5. 4 analysts publish price targets averaging $62.
What does American Superconductor Corpora do?American Superconductor designs power control systems for the electric grid, wind turbine manufacturers, and naval ship...
American Superconductor designs power control systems for the electric grid, wind turbine manufacturers, and naval ship protection, serving utilities, industrial customers, and the U.S. and Canadian navies. The company estimates its addressable market at over $15 billion for fiscal 2026 and recently expanded its Grid segment through the acquisitions of Comtrafo, a Brazil-based transformer manufacturer, and Megatran/NWL, a U.S. power-conversion manufacturer. A significant portion of AMSC's Wind segment revenue has historically depended on a single licensee customer, Inox, in India.