Why American Superconductor Corporation (AMSC) Is Drawing More Attention From Gr

American Superconductor Corporation (NASDAQ:AMSC) is one of the best electrical equipment stocks to buy according to analysts.

On May 27, American Superconductor reported fourth-quarter results that showed demand in its Grid and Wind businesses continuing to improve. Revenue rose to $86.4 million from $66.7 million a year earlier, while full-year revenue increased 34% to $299.2 million.

The update fits the electrical equipment theme because the company sells power-control systems and grid-reliability products used to stabilize utility, industrial, and renewable-energy infrastructure. The company said growth was driven by higher Grid and Wind revenue, along with contributions from its Comtrafo acquisition. Management said fourth-quarter orders approached $100 million, led by traditional energy customers and rising data-center demand within the utility market. Its 12-month backlog expanded nearly 40% year over year to about $280 million, giving the company better visibility into near-term equipment demand. American Superconductor also guided for revenue above $85 million in the June quarter, suggesting momentum carried into the new fiscal year.

American Superconductor Corporation

Fuente original: Yahoo Finance (https://finance.yahoo.com/energy/articles/why-american-superconductor-corporation-amsc-174906441.html)