We recently published 10 Stocks Crushing With Whopping Double-Digit Gains. American Superconductor Corp. (NASDAQ:AMSC) is one of the best-performing stocks on Thursday.
American Superconductor surged to a new high on Thursday following an impressive earnings performance in the first quarter of fiscal year 2025.
During the session, the company touched its highest price of $57.85 before paring gains to end the day just up by 29.38 percent at $56.85.
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In its updated report, American Superconductor Corp. (NASDAQ:AMSC) said it swung to a net income of $6.7 million from a net loss of $2.5 million in the same period last year. Revenues jumped by 79 percent to $72.3 million from $40.3 million year-on-year, as a result of organic growth from its acquisition of NWL Inc.
“We’ve kicked off fiscal 2025 with accelerated growth, delivering a standout first quarter marked by significant progress and exceptional execution that surpassed our expectations,” American Superconductor Corp. (NASDAQ:AMSC) Chairman, President, and CEO Daniel McGahn said.
“Strength in the semiconductor market—driven by growing demand for applications such as artificial intelligence and data centers—contributed to our momentum, while bookings and backlog remained steady … We approach the remainder of fiscal 2025 with confidence in our team and business.”
For the second quarter ending September 2025, American Superconductor Corp. (NASDAQ:AMSC) expects to book $2 million in net income, with revenues between $65 million and $70 million.
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