American Superconductor Bags $20M Electrical Control Systems Contract
Portfolio Pulse from Shivani Kumaresan
American Superconductor Corporation (NASDAQ:AMSC) has secured a $20 million contract to supply wind turbine electrical control systems (ECS) to India's Inox Wind Limited. The order includes 2 MW and 3 MW ECS, with shipments expected during fiscal year 2023.
May 31, 2023 | 2:23 pm
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AMSC has secured a $20 million contract to supply wind turbine electrical control systems to India's Inox Wind Limited, with shipments expected in fiscal year 2023.
The $20 million contract with Inox Wind Limited is a significant deal for AMSC, as it expands its presence in the growing Indian wind energy market. This positive news has led to a 3.30% increase in AMSC's stock price, indicating a short-term positive impact on the company's stock.
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