American Superconductor Corporation Common Stock (AMSC)

FairStock Score: 65/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Graham-style investor, I start with what I know and what I pay. American Superconductor sells megawatt-scale power resiliency equipment and services through Grid and Wind. The filed record shows revenue rising from $145.6M in FY2023 to $222.8M in FY2024 and $299.2M in FY2025. Net income swung from a loss of $11.1M in FY2023 to $6.0M in FY2024 and $133.8M in FY2025. That is a genuine turnaround, and the Lynch category of TURNAROUND fits. But I would not take FairStock's P/E of 9.32 at face value. Fiscal Q3 2025, the quarter ended 2025-12-31, produced $117.8M of net income on $74.5M of revenue. The latest filed quarter, fiscal Q1 2026 ended 2026-06-30, produced $94.1M of revenue, $9.5M of net income, and $0.20 diluted EPS. So most of the trailing profit came from one extraordinary quarter. If that does not repeat, normalized earnings power is far lower. The balance sheet is a strength: debt to equity is 0.01, Altman Z is 3.16, and Piotroski is 7/9. Free cash flow is positive at $20.5M TTM, but FCF yield is only 1.5%. ROCE is just 1.49% even as ROE is 30.16%, suggesting capital efficiency is not yet proven. FairStock's Graham Number is $28.62 against a $28.71 close on 2026-10-13, leaving no margin of safety. EV/EBITDA is 58. The business may be improving, but the price already reflects a lot of hope. I want recurring profits, not one-time spikes.

In plain English: American Superconductor makes power equipment and services that help utilities and wind projects connect and move electricity. The business has grown and returned to profit, carries almost no debt, and recently posted positive quarterly earnings, so it looks financially healthier than a few years ago. At $28.71, the price is close to a conservative value estimate and cash generation is thin relative to the company's size, so it looks roughly fair, not obviously cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-06-30) · fiscal Q3 2025 10-Q (period ended 2025-12-31) · fiscal Q2 2025 10-Q (period ended 2025-09-30) · fiscal Q1 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2026-03-31) · FY2024 10-K (period ended 2025-03-31) · FY2023 10-K (period ended 2024-03-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer