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.
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