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An energy technologies company, which offers an array of solutions based on two proprietary technologies: programmable power electronic converters and high temperature superconductor wires.
Company is rumored to be releasing news of resolution with Sinovel within the month as well as their restated financials for Q3 2010, Q4 2010, FY 2010, and Q1+Q2 2011 very soon. This should propel the stock significantly, as it's currently trading as if priced for bankruptcy.
Well there you go. Resolution with Sinovel wasn't exactly what I expected, but the courts will definitely settle this one way or the other. Now on to bigger and better things for AMSC. The Tres Amigas Substation is set to begin construction in the Fall and will be using AMSC's HTC wire, a blossoming and potentially lucrative business for them. Look for a conference call on Sept. 30th with the release of their delinquent filings for information on new customers and orders in a post-Sinovel world.
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