AMSC Stock Discussion

American Superconductor Corporation Description

American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment enables manufacturers to field wind turbines; provides a range of power electronics and software-based control systems, which are integrated and designed for enhancing performance, efficiency, and grid compatibility; designs and develops onshore and offshore wind turbines; licenses its engineered wind turbine designs; and offers customer support services to wind turbine manufactures. This segment provides its products and services under the Windtec Solutions brand. The Grid segment offers products and services that enable electric utilities and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand. It provides transmission planning services that identify power grid constraints; grid interconnection solutions for wind farms and solar power plants, power quality systems, and transmission and distribution cable systems; and D-VAR systems that offer reactive power to stabilize voltage on the grid, as well as to connect wind farms and solar power plants to the power grid. This segment also offers superconductor wire that would be incorporated into various applications, including motors, generators, power cables, and fault current limiters; power cables; and project management services to electric utilities. The company has strategic alliance with LS Cable, Nexans, Siemens, and Vestas to develop and commercialize its products. American Superconductor Corporation was founded in 1987 and is headquartered in Devens, Massachusetts.

Sector: Technology
Industry: Electronic Components
Keywords: IBD 50 Project Management Electric Utilities Solar Power Turbines Customer Support Services Wind Energy Wind Turbine Project Management Services Power Electronics Wind Power Wind Farm Power Cable Cable Systems Superconductivity Superconductor
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TraderMike over 1 year ago

Interesting that this is flying today.  SwingtradeBot's Superconductivity Stocks page was the most visited page yesterday BY FAR due to Google searches from people.  I did a little investigation yesterday and saw the news of the physicists' new superconductivity discovery & thought "meh, must not mean much for the stocks since they're not moving".  Then this morning AMSC was up 100% at one point in pre-market trading on the same news -- crazy!

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TraderMike over 1 year ago

I shorted this right at the open today and have already moved my stop to break-even 10 minutes later.  Let's see how much of yesterday's gap it can close.

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TraderMike over 1 year ago

Just covered for a quick 24% gain 🎉. I’ll look to re-short over the next few days if it bounces 

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SwingScalp over 1 year ago

Strong play Mike.  Congrats.

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TraderMike over 1 year ago

Thanks.  That was the easiest (quickest) money I've made in quite a while.  If only they were all so easy!

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SwingScalp over 1 year ago

Good feeling though once in a while Mike!  Keep scouting for the next one.  I'm having one today with AAOI.

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