Wind and grid sector solutions provider American Superconductor Corp. (AMSC), Monday lifted its revenue guidance for the fourth quarter. Following the news, shares of American Superconductor rose about six percent in after hours trade.
The company now expects fourth-quarter revenues in a range of $19 million to $20 million. The company's previous guidance for the fourth quarter was for revenue of at least $18 million.
"AMSC has been focused on building a sustainable, profitable business through reduced expenses, minimized cash usage and increased revenue," said Chief Executive Daniel McGahn.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.