American Superconductor Corpora (NASDAQ:AMSC)

WEB NEWS

Thursday, July 29, 2010

Comments & Business Outlook
American Superconductor has achieved six consecutive quarters of rapid, profitable growth, and we are now well positioned to exceed our original forecasts for revenues and earnings for full fiscal 2010,” said Greg Yurek, AMSC’s founder and chief executive officer. “We achieved a record level of backlog in our first quarter, which gives us very good visibility to continued profitable growth over the next several years. The bulk of our sales during this period are expected to continue to be to Asian wind turbine manufacturers who are building out capacity to meet increased domestic demand and who are also preparing to export wind turbines to Western markets. We also expect our sales to customers in Western countries to start ramping significantly during that time.”


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