Is AMSC (AMSC) a profitable stock?

*Stock Advisor returns as of May 28, 2024 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. AMSC isn't a profitable company yet, but it's moving in the right direction.

Should you buy American Superconductor (AMSC)?

American Superconductor’s Q4 earnings beat has led to a notable surge in its stock price. With strong financial performance and positive market outlook, AMSC appears to be on a solid growth trajectory. However, considering valuation concerns, it’s essential to analyze the technical charts to determine if now is the optimal time to buy.

How much did AMSC lose in Q4?

When calculated according to generally accepted accounting principles ( GAAP ), AMSC actually lost $0.05 per share. Despite that quibble, however, AMSC's Q4 improvement was undeniable. AMSC posted 32.5% sales growth in the final quarter of its fiscal 2024, with grid revenue rising 21% and wind revenue more than doubling.