Nucor earnings beat by $0.08, revenue fell short of estimates
John W. Kosiba Jr., Senior Vice President, Chief Financial Officer, and Treasurer of American Superconductor Corp (NASDAQ:AMSC), a company currently valued at nearly $1 billion, has sold a significant portion of the company’s stock. According to a recent SEC filing, Kosiba sold 11,860 shares of common stock on May 20, 2025, for a total value of approximately $290,529. The shares were sold at a weighted average price of $24.4966, with transactions executed at prices ranging from $24.13 to $24.89. The stock has shown remarkable strength, delivering a 53% return over the past year.
The sale was conducted under a Rule 10b5-1 trading plan, which Kosiba adopted on December 11, 2024. This plan allows insiders to sell a predetermined number of shares at a predetermined time, helping to avoid any potential accusations of insider trading. The shares sold were intended to cover tax withholding obligations related to the vesting of restricted stock awards. According to InvestingPro analysis, AMSC currently appears overvalued based on its Fair Value calculations, with the stock trading at a notably high P/E ratio of 281.
Following these transactions, Kosiba retains direct ownership of 464,276 shares of American Superconductor. Additionally, he holds 9,719 shares indirectly through the company’s 401(k) plan. The company maintains strong financial health, with InvestingPro data showing more cash than debt on its balance sheet and liquid assets exceeding short-term obligations.
In other recent news, American Superconductor Corporation (AMSC) reported its fourth-quarter fiscal year 2024 earnings, with an earnings per share (EPS) of $0.12, surpassing analyst expectations of $0.08. However, the company’s revenue fell short of projections, coming in at $55.59 million against the anticipated $59.17 million. Despite the revenue miss, AMSC’s overall performance for the quarter was robust, with a total revenue increase of 59% year-over-year to $66.7 million. The Grid Business, a significant contributor, accounted for 84% of the total revenue, showing a 53% increase year-over-year. For the full fiscal year, AMSC’s revenue rose by 53% to $222.8 million, with net income reaching $6 million or 16¢ per share. The company maintains a strong cash position with $85.4 million on hand. Looking ahead, AMSC projects revenue between $64 million and $68 million for Q1 FY2025, with net income expected to exceed $1 million. The company anticipates growth in various sectors, including semiconductors, traditional energy, and utilities, supported by its strategic focus on expanding its product portfolio.
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