Recent News
In March 2026 Clear Street named American Superconductor a top pick in the Energy Transition space, citing sector exposure and growth potential. On April 14, 2026 a regulatory filing showed Baillie Gifford increased its stake in the company. The company announced an acquisition of a cryo-cooling technology firm as part of product-portfolio expansion in early 2026.
Technical Analysis
The directional indicators show an emerging trend: ADX at 20.0 signals trend emergence while DI+ at 28.74 is increasing and DI- at 15.84 is decreasing, a configuration that biases near-term price movement upward toward valuation anchors.
MACD stands at 1.50 and trends higher with a MACD signal of 0.88; the MACD has crossed above its signal line, which constitutes a bullish momentum confirmation and supports further short-term appreciation toward the mid-range price targets.
MRO reads 5.16 and is decreasing; the positive but modest MRO implies price currently sits above its model target and carries modest downside pressure if momentum stalls, tempering the bullish case.
RSI at 53.18 and rising sits in neutral territory, signaling room to run before overbought levels; short-term moving averages (12-day EMA $35.86, 20-day average $34.90, 50-day average $32.47) lie below the current close $37.97, indicating short-term strength, while the 200-day average at $41.40 marks a clear longer-term resistance band.
Price trades essentially at the upper 1× Bollinger band ($37.98), placing immediate resistance at the current level; the SuperTrend lower band at $33.39 provides nearby tactical support for momentum-based positions.
Fundamental Analysis
Earnings and cash: Net income totaled $117,806,000 with reported EPS of $2.75 versus an estimate of $0.15, a headline EPS surprise of approximately +1,733% driven largely by a substantial tax benefit tied to the release of a valuation allowance. Company commentary and filings also flagged guidance for the fiscal fourth quarter (ending March 31, 2026) expecting revenue to exceed $80.0 million and net income to exceed $3.0 million.
Profitability and margins: Gross margin stands at 30.66% while operating (EBIT) margin measures 4.51%. The EBIT margin at 4.51% sits below the industry peer mean of 14.97% and below the industry peer median of 17.03%, signalling lower operating profitability versus peers even as margins improved year-over-year.
Liquidity and leverage: Cash and short-term investments total $141,072,000 and the current ratio equals 2.66 with a quick ratio of 1.80, reflecting strong near-term liquidity. Total debt remains low at $11,383,000, equivalent to roughly 1.58% of assets and debt-to-equity near 2.12%, leaving ample balance-sheet flexibility.
Cash flow and capital efficiency: Operating cash flow totaled $3,249,000 with free cash flow of $2,356,000 and a free cash flow yield of roughly 0.14%. Asset turnover tracks at 0.1279 (about 12.79%), indicating low revenue generation per dollar of assets and underscoring reliance on margin expansion and high-margin contract wins to lift returns.
Returns: Return on equity registers about 21.95% and return on assets about 20.22%, figures that reflect the recent net income uplift; these returns sit notably higher than many peers’ means but derive materially from the one-time tax benefit rather than steady operating leverage.
Valuation: WMDST values the stock as fair-valued. Market multiples show a price-to-earnings ratio near 12.72 and a price-to-book of about 3.10; enterprise multiple and EV metrics reflect premium factors tied to cash and growth expectations. Price-target dispersion remains wide (mean near $37.04, high $75.81, low $17.23), leaving a neutral valuation range for near-term trading.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-04 |
| NEXT REPORT DATE: | 2026-05-06 |
| CASH FLOW | Begin Period Cash Flow | $ 218.8 M |
| Operating Cash Flow | $ 3.2 M | |
| Capital Expenditures | $ -893.00 K | |
| Change In Working Capital | $ -6.76 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -71.64 M | |
| End Period Cash Flow | $ 147.1 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 74.5 M | |
| Forward Revenue | $ 2.0 M | |
| COSTS | ||
| Cost Of Revenue | $ 51.7 M | |
| Depreciation | $ 1.9 M | |
| Depreciation and Amortization | $ 1.9 M | |
| Research and Development | $ 3.5 M | |
| Total Operating Expenses | $ 71.2 M | |
| PROFITABILITY | ||
| Gross Profit | $ 22.9 M | |
| EBITDA | $ 5.2 M | |
| EBIT | $ 3.4 M | |
| Operating Income | $ 3.4 M | |
| Interest Income | $ 2.0 M | |
| Interest Expense | — | |
| Net Interest Income | $ 2.0 M | |
| Income Before Tax | $ 5.4 M | |
| Tax Provision | $ -112.37 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ 117.8 M | |
| Net Income From Continuing Operations | $ 117.8 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.15 | |
| EPS Actual | $ 2.75 | |
| EPS Difference | $ 2.60 | |
| EPS Surprise | 1733.333 % | |
| Forward EPS | $ 0.26 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 719.5 M | |
| Intangible Assets | $ 180.2 M | |
| Net Tangible Assets | $ 356.6 M | |
| Total Current Assets | $ 325.0 M | |
| Cash and Short-Term Investments | $ 141.1 M | |
| Cash | $ 141.1 M | |
| Net Receivables | $ 49.8 M | |
| Inventory | $ 105.4 M | |
| Long-Term Investments | $ 4.3 M | |
| LIABILITIES | ||
| Accounts Payable | $ 16.2 M | |
| Short-Term Debt | $ 1.6 M | |
| Total Current Liabilities | $ 122.0 M | |
| Net Debt | — | |
| Total Debt | $ 11.4 M | |
| Total Liabilities | $ 182.7 M | |
| EQUITY | ||
| Total Equity | $ 536.8 M | |
| Retained Earnings | $ -931.35 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 11.28 | |
| Shares Outstanding | 47.612 M | |
| Revenue Per-Share | $ 1.57 | |
| VALUATION | Market Capitalization | $ 1.7 B |
| Enterprise Value | $ 1.5 B | |
| Enterprise Multiple | 292.919 | |
| Enterprise Multiple QoQ | -40.858 % | |
| Enterprise Multiple YoY | -9.188 % | |
| Enterprise Multiple IPRWA | AMSC: 292.919 high: 265.515 median: 87.672 mean: 86.984 low: -68.969 |
|
| EV/R | 20.602 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.34 | |
| Asset To Liability | 3.938 | |
| Debt To Capital | 0.021 | |
| Debt To Assets | 0.016 | |
| Debt To Assets QoQ | 93.162 % | |
| Debt To Assets YoY | 44.343 % | |
| Debt To Assets IPRWA | high: 0.68 mean: 0.29 median: 0.255 AMSC: 0.016 low: 0.001 |
|
| Debt To Equity | 0.021 | |
| Debt To Equity QoQ | 98.874 % | |
| Debt To Equity YoY | 20.113 % | |
| Debt To Equity IPRWA | high: 2.837 mean: 0.588 median: 0.542 AMSC: 0.021 low: 0.002 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 3.102 | |
| Price To Book QoQ | -57.492 % | |
| Price To Book YoY | -44.419 % | |
| Price To Book IPRWA | high: 14.021 median: 6.811 mean: 5.911 AMSC: 3.102 low: 0.371 |
|
| Price To Earnings (P/E) | 12.718 | |
| Price To Earnings QoQ | -95.397 % | |
| Price To Earnings YoY | -92.533 % | |
| Price To Earnings IPRWA | high: 265.806 mean: 117.429 median: 102.422 AMSC: 12.718 low: -66.062 |
|
| PE/G Ratio | 0.01 | |
| Price To Sales (P/S) | 22.343 | |
| Price To Sales QoQ | -41.067 % | |
| Price To Sales YoY | 27.587 % | |
| Price To Sales IPRWA | high: 60.313 AMSC: 22.343 mean: 21.55 median: 18.753 low: -26.375 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 147.457 | |
| Forward PE/G | 0.116 | |
| Forward P/S | 837.071 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.01 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.128 | |
| Asset Turnover Ratio QoQ | -12.741 % | |
| Asset Turnover Ratio YoY | -36.587 % | |
| Asset Turnover Ratio IPRWA | high: 0.501 mean: 0.187 median: 0.172 AMSC: 0.128 low: -0.036 |
|
| Receivables Turnover | 1.833 | |
| Receivables Turnover Ratio QoQ | 5.946 % | |
| Receivables Turnover Ratio YoY | 11.273 % | |
| Receivables Turnover Ratio IPRWA | high: 2.9 AMSC: 1.833 mean: 1.353 median: 1.289 low: 0.153 |
|
| Inventory Turnover | 0.571 | |
| Inventory Turnover Ratio QoQ | -7.497 % | |
| Inventory Turnover Ratio YoY | -7.795 % | |
| Inventory Turnover Ratio IPRWA | high: 3.385 mean: 0.996 median: 0.955 AMSC: 0.571 low: 0.27 |
|
| Days Sales Outstanding (DSO) | 49.787 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 207.762 | |
| Cash Conversion Cycle Days QoQ | 19.026 % | |
| Cash Conversion Cycle Days YoY | -4.192 % | |
| Cash Conversion Cycle Days IPRWA | high: 282.34 AMSC: 207.762 mean: 105.763 median: 84.944 low: 21.091 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.367 | |
| CapEx To Revenue | -0.012 | |
| CapEx To Depreciation | -0.474 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 543.0 M | |
| Net Invested Capital | $ 544.6 M | |
| Invested Capital | $ 544.6 M | |
| Net Tangible Assets | $ 356.6 M | |
| Net Working Capital | $ 203.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.157 | |
| Current Ratio | 2.665 | |
| Current Ratio QoQ | -31.758 % | |
| Current Ratio YoY | 35.453 % | |
| Current Ratio IPRWA | high: 7.076 AMSC: 2.665 mean: 2.087 median: 1.547 low: 0.602 |
|
| Quick Ratio | 1.8 | |
| Quick Ratio QoQ | -40.88 % | |
| Quick Ratio YoY | 43.692 % | |
| Quick Ratio IPRWA | high: 6.711 AMSC: 1.8 mean: 1.45 median: 1.001 low: 0.059 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 2.171 | |
| Cost Of Debt | 0.105 % | |
| Interest Coverage Ratio | 335.9 | |
| Interest Coverage Ratio QoQ | 13.288 % | |
| Interest Coverage Ratio YoY | 155.437 % | |
| Interest Coverage Ratio IPRWA | AMSC: 335.9 high: 113.753 mean: 16.775 median: 13.68 low: -57.382 |
|
| Operating Cash Flow Ratio | 0.658 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 23.695 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 61.474 % | |
| Revenue Growth | 13.159 % | |
| Revenue Growth QoQ | -246.569 % | |
| Revenue Growth YoY | 3.402 % | |
| Revenue Growth IPRWA | high: 56.341 % AMSC: 13.159 % mean: 4.241 % median: 0.959 % low: -78.064 % |
|
| Earnings Growth | 1275.0 % | |
| Earnings Growth QoQ | -4208.397 % | |
| Earnings Growth YoY | -3229.526 % | |
| Earnings Growth IPRWA | AMSC: 1275.0 % high: 64.384 % median: 8.203 % mean: 2.694 % low: -128.571 % |
|
| MARGINS | ||
| Gross Margin | 30.662 % | |
| Gross Margin QoQ | -1.196 % | |
| Gross Margin YoY | 15.323 % | |
| Gross Margin IPRWA | high: 44.281 % median: 36.458 % mean: 35.397 % AMSC: 30.662 % low: -27.164 % |
|
| EBIT Margin | 4.507 % | |
| EBIT Margin QoQ | 0.111 % | |
| EBIT Margin YoY | 110.411 % | |
| EBIT Margin IPRWA | high: 22.162 % median: 17.028 % mean: 14.968 % AMSC: 4.507 % low: -555.833 % |
|
| Return On Sales (ROS) | 4.507 % | |
| Return On Sales QoQ | 0.111 % | |
| Return On Sales YoY | 110.411 % | |
| Return On Sales IPRWA | high: 22.855 % mean: 17.234 % median: 17.028 % AMSC: 4.507 % low: -96.362 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 2.4 M | |
| Free Cash Flow Yield | 0.141 % | |
| Free Cash Flow Yield QoQ | -30.882 % | |
| Free Cash Flow Yield YoY | -71.687 % | |
| Free Cash Flow Yield IPRWA | high: 3.815 % median: 1.189 % mean: 1.028 % AMSC: 0.141 % low: -14.429 % |
|
| Free Cash Growth | -53.759 % | |
| Free Cash Growth QoQ | -199.774 % | |
| Free Cash Growth YoY | -3.789 % | |
| Free Cash Growth IPRWA | high: 316.709 % mean: 36.049 % median: 34.101 % AMSC: -53.759 % low: -225.457 % |
|
| Free Cash To Net Income | 0.02 | |
| Cash Flow Margin | 107.714 % | |
| Cash Flow To Earnings | 0.681 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 20.222 % | |
| Return On Assets QoQ | 1813.15 % | |
| Return On Assets YoY | 2396.543 % | |
| Return On Assets IPRWA | AMSC: 20.222 % high: 3.87 % median: 2.764 % mean: 1.749 % low: -59.684 % |
|
| Return On Capital Employed (ROCE) | 0.562 % | |
| Return On Equity (ROE) | 0.219 | |
| Return On Equity QoQ | 1481.052 % | |
| Return On Equity YoY | 1615.794 % | |
| Return On Equity IPRWA | AMSC: 0.219 high: 0.113 median: 0.058 mean: 0.046 low: -0.485 |
|
| DuPont ROE | 26.804 % | |
| Return On Invested Capital (ROIC) | 0.487 % | |
| Return On Invested Capital QoQ | -42.435 % | |
| Return On Invested Capital YoY | -133.656 % | |
| Return On Invested Capital IPRWA | high: 6.694 % median: 4.077 % mean: 3.486 % AMSC: 0.487 % low: -7.193 % |
|