American Superconductor Corp. (AMSC) shares are gaining more than 22 percent on Thursday morning trade after the company reported a narrower loss for the third quarter on improved revenue, compared to the prior year.
The quarterly loss was $1.649 million, or $0.06 per share, compared to $9.581 million or $0.34 per share last year.
Total revenue for the quarter increased to $39.35 million from $23.88 million a year ago.
Currently, shares are at $11.73, up 22 percent from the previous close of $9.75 on a volume 5.743,018.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.