AMERICAN SUPERCONDUCTOR CORP Share Price in India, Check AMSC Stock Performance Today

You can find more details by visiting the additional pages to view historical china’s new digital forex ‘isn’t bitcoin and isn’t for speculation’, charts, latest news, analysis or visit the forum to view opinions on the AMSC quote. Ghodawat Industries, the flagship company of the Sanjay Ghodawat group, is foraying into wind turbine manufacturing in association with leading energy technologies company, American Superconductor Corporation . But prosecutors said that Sinovel conspired beginning in 2011 to obtain AMSC`s copyrighted information and trade secrets so that it could make wind turbines and retrofit existing ones in order to avoid having to pay AMSC. The sector enjoys massive support from the incumbent Government as public institutions iron out the hurdles in the holistic development of the sector, in consultation with relevant stakeholders. Recently, the honorable Prime Minister of India, Shri Narendra Modi inaugurated the 30 GW Hybrid Renewable Energy Park in the coastal district of Kutch in Gujarat which is currently the worlds largest of its kind.

• • The poor financial condition of discoms has resulted in delayed payments for wind power producers.
• DocuSign’s quarterly results trounced expectations as travel restrictions continued to be enforced.
• An indictment said Sinovel recruited Dejan Karabasevic, an employee of an AMSC subsidiary, to join the Chinese company and to secretly copy information from AMSC`s computer system, including the source code for the PM3000, part of its wind turbine control system.
• The website uses an HTTPS system to safeguard all customers and protect financial details and transactions done online.

Winvesta does not render any research or advisory services and provides a more detailed description of its services on its website and mobile application along with the terms and conditions published therein from time to time. Neither Winvesta nor any of its affiliates are acting as an investment adviser, research analyst or in any other fiduciary capacity. Accordingly, reader’s are expected to undertake their own due diligence in consultation with their own advisors and are advised not to solely rely on the Information. AMSC’s net loss for the fourth quarter of fiscal 2021 was $5.0 million, or $0.18 per share, compared to net loss of $7.6 million, or $0.29 per share, for the same period of fiscal 2020. The Company’s non-GAAP net loss for the fourth quarter of fiscal 2021 was $4.7 million, or $0.17 per share, compared with a non-GAAP net loss of $5.6 million, or $0.21 per share, in the same period of fiscal 2020.

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A majority of this middle class will be in top 55 cities over the next 15 years and these people will require electricity. The Ambit Capital analyst (not disclosing his name here, But i do know his assumptions are invalid to be fair!) has been the most bearish analyst on INOX wind. He has asked idiotic questions for which the management was certainly defensive on personal note . As of March 2017, government might revert the tax saving accelerated depreciation provisions. Suzlon gets most of their revenue from the IPP projects, which are more dependent on this tax provision than Inox is ( INOX has a lot more clients in other areas. Check their last presentation, dated Feb 2016).

Revenues for fiscal year 2021 were $108.4 million as compared to $87.1 million in fiscal year 2020. The increase in revenues was driven by higher new energy power system sales, as well as higher ship protection system revenue. AMSC reported a net loss for the fiscal year 2021 of $19.2 million, or $0.71 per diluted share, compared to net loss of $22.7 million, or $0.95 per diluted share in fiscal year 2020. The Company’s non-GAAP net loss for fiscal 2021 was $17.1 million, or $0.63 per share, compared with a non-GAAP net loss of $14.1 million, or $0.59 per share, for fiscal 2020. Please refer to the financial table below for a reconciliation of GAAP to non-GAAP results. Sinovel then commissioned several wind turbines in Massachusetts and incorporated into them software that the Chinese company compiled from the stolen PM3000 source code, prosecutors said.

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As https://1investing.in/ activity and installations were slower in 2020, it is again expected to pick up by 2022. Issues pertaining to non-availability of grid and land as well as lesser number of state auctions impacted installations considerably in 2020. Nonetheless, the market it expected to scale up in 2021 volumes are anticipated to peak in 2022. The country has set an exemplary goal of achieving a renewable energy capacity of 175 GW by the end of 2022, which is expected to increase to 450 GW by 2030.

But, India receives sunshine throughout the year, a natural resource that can be harnessed to produce a potentially large amount of solar energy. It also has vast potential in the hydro power sector, which is being continuously explored across the north-eastern states. India is the only country, among the three G20 countries, which is on track to achieve its targets under the Paris Agreement. The renewable energy space in India has become highly attractive for investors and received FDI inflows of US$ 9.83 billion between April 2000 and December 2020.

In India, about 65-70% women who take a career break fail to return to work, and a large number of women who are well educated & have potential to become a valuable part of the workforce do not even get a chance to begin their career. “Internships for Women” brings amazing women employment opportunities, in the form of internship jobs for women, to help them restart their career. With flexible working options like work from home options & part-time options, women can now manage both – their career and household responsibilities. Further, if women want to go back to the workplace, they can opt for office-based internships and make a gradual switch to professional life.

The high-quality yet economically priced products of the company have received appreciation from plenty of major clients including Piaggio, Hero, Wheels India Limited, TVS, Pilot, Dalmia Bharat Cement, Toyota Kirloskar, TAFE, Hyundai, etc. It has also leased a manufacturing facility for manufacturing nacelles and hubs at Bhuj, Gujarat and during the year FY21 the Bhuj based facility began its operations. This facility will incur significant savings in terms of inward and outward logistic costs and is expected to improve the working capital cycle. The concept of hybrid tenders has been recently introduced in the wind energy sector. These hybrid tenders are expected to lead to benefit in terms of overall cost optimization of the project as well as ensure consistent generation of energy round the clock. SECI has so far tendered ~2.6 GW of solar wind hybrid projects under the ISTS program.

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The Company expects cash, cash equivalents, marketable securities and restricted cash on June 30, 2022, to be no less than $43 million. Covid-19 continues to impact global energy demand, despite favourable government policies, stimulus packages and steady inoculation drives. Global economic output is expected to rebound by 6% in 2021, pushing the global GDP more than 2% higher than 2019 levels. Global energy demand is set to increase by 4.6% in 2021, offsetting the 4% contraction in 2020 and pushing demand 0.5% above 2019 levels.

To improve its operational performance, the Company relies on the expansion plans, growing order book, strategic tie ups, product launches and larger service platforms. He is responsible for ensuring that all company processes run with greatest efficiency. He also sets goals, develops strategies, provides resources, and ensures that the company meets its targets.

Revenues for the fourth quarter of fiscal 2021 were $28.3 million compared with $21.2 million for the same period of fiscal 2020. The year-over-year increase was a result of higher Grid segment revenues, primarily driven by strong new energy power system sales. AMSC has been supplying core components, software that controls the productivity and quality of wind power in turbines, and licensing of turbine designs to Sinovel since 2006.

These tenders are likely to lead to wider use of wind energy, given its benefits, providing opportunities to wind sector players to further expand their operations while ensuring profitable growth. For the first quarter ending June 30, 2022, AMSC expects that its revenues will be in the range of $23 million to $26 million. The Company’s net loss for the first quarter of fiscal 2022 is expected not to exceed $8.9 million, or $0.32 per share. The Company’s net loss guidance assumes no changes in contingent consideration. The Company’s non-GAAP net loss is expected not to exceed $6.9 million, or $0.25 per share. The Company expects operating cash flow to be a burn of $4 million to $6 million in the first quarter of fiscal 2022.

To encourage indigenous manufacturing of wind turbines and to facilitate transfer of new technology, Ministry of New and Renewable Energy is expected to introduce local content requirements for wind turbines. American Superconductor Corp. engages in provision of megawatt-scale power solutions, which improve the performance of the power grid and lower the cost of wind power. The Grid segment enables electric utilities and renewable energy project developers to connect, transmit, and distribute power with efficiency, reliability, security, and affordability. The Wind segment permits the manufacturers to field wind turbines with power output, reliability, and affordability.

Through its Marinetec™ Solutions, AMSC provides ship protection and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec™ Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. Inox Wind Limited is the leading wind energy solutions provider in India, providing services to IPPs, Utilities, PSUs, Corporates and Retail Investors. Inox Wind is a fully integrated player in the wind energy market with four state-of-the-art manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh, with a cumulative manufacturing capacity of 1,600 MW.

The Ministry of Power introduced the Electricity Bill, 2020 to address recurring issues and to encourage private players to enter the electricity generation, distribution and transmission market. It seeks to promote a legal and administrative ecosystem which harbours special attention for renewable energy. It also focuses on cross border trade of electricity, which presents growth opportunities for the Indian renewable energy sector. Inox Wind currently offers the 2 MW turbines with multiple blade and tower variants and would launch the 3MW turbine with higher rotor diameter and hub height tower.

The company was founded by Yet-Ming Chiang, David A. Rudman, John B. Vander Sande, and Gregory J. Yurek on April 9, 1987 and is headquartered in Ayer, MA. IWL is Indias dominant energy solutions provider, servicing IPPs, Utilities, PSUs, corporates and retail investors. It is engaged from the conceptualisation to commissioning, operation and maintenance of wind power projects. Electricity demand is also expected to increase by 4.5% in 2021, or over 1,000 TWh, heading for its fastest growth in more than 10 years.

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• The company also expects a major thrust in the retail, captive and C&I segment of the market.
• As a result, uncertainties loomed large and the success of vaccination drives along with the size and effectiveness of stimulus packages are likely to influence the economic outlook in the near future.
• Companies are adapting e-contracts and e-signatures as the principal way of conducting business, as yours truly can attest to, based on how the employment contract was managed 100% digitally.
• We look forward to contribute in achieving this goal by providing our customers with the best in class technology and products.”

AMSC’s state-of-the-art wind turbine designs range from offerings of 2MW to 10 MW and more than 15,000 MW of installed capacity has been operating globally for multiple years based on AMSC’s designs. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing.