AMSC, NasdaqGS

American Superconductor Corporation (AMSC)

Price (as of October 25)

4.2USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

MIR

Mirion Technologies, Inc.

-0.07

SMR

NuScale Power Corporation

-0.06

IR

Ingersoll Rand Inc.

-0.05

B

Barnes Group Inc.

-0.04

ITW

Illinois Tool Works Inc.

-0.03

THR

Thermon Group Holdings, Inc.

-0.02

EMR

Emerson Electric Co.

-0.02

KAI

Kadant Inc.

-0.02

ROK

Rockwell Automation, Inc.

-0.02

GHM

Graham Corporation

-0.02

Show more

Highest within Industry

Symbol Correlation

AME

AMETEK, Inc.

0.3

AOS

A. O. Smith Corporation

0.25

JCSE

JE Cleantech Holdings Limited

0.11

XMTR

Xometry, Inc.

0.1

PYR

PyroGenesis Canada Inc.

0.07

SHPW

Shapeways Holdings, Inc.

0.07

OTIS

Otis Worldwide Corporation

0.04

GTEC

Greenland Technologies Holding Corporation

0.04

BGRY

Berkshire Grey, Inc.

0.04

GTES

Gates Industrial Corporation plc

0.03

Show more

Profile

Sector:
Industrials
Industry:
Specialty Industrial Machinery

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services. It provides transmission planning services, which identify power grid congestion, poor power quality, and other risks; grid interconnection solutions for wind farms and solar power plants, power quality systems, and transmission and distribution cable systems; resilient electric grid systems, resilient electric grid systems; D-VAR systems used for controlling power flow and voltage in the AC transmission system; actiVAR system, a fast-switching medium-voltage reactive compensation solution; armorVAR system installed for reactive compensation, power factor correction, loss reduction, utility bill savings, and mitigation of common power quality concerns related to power converter-based generation and load devices; and D-VAR volt var optimization (VVO) that serves the distribution power grid market. This segment also offers ship protection systems, which reduce a naval ship’s magnetic signature; and in board power delivery systems, power generation systems, and propulsion systems; and transformers and rectifiers systems. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, engineered designs, and support services; and provides customer support services to wind turbine manufacturers. This segment’s design portfolio comprises a range of drivetrains and power ratings of 2 megawatts and higher. The company was incorporated in 1987 and is headquartered in Ayer, Massachusetts.