AMSC Announces $37M Of New Energy Power System Orders
Portfolio Pulse from Benzinga Newsdesk
AMSC, a provider of megawatt-scale power resiliency solutions, has announced $37 million of new energy power systems orders. The orders include various power system components and are expected to be recognized in fiscal year 2024. The orders were driven by robust demand in the markets AMSC serves, with half of the orders coming from industrials and a quarter from renewables. The remaining orders came from other projects, including utility and military projects.
October 24, 2023 | 12:10 pm
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AMSC has secured $37 million in new orders for its energy power systems, indicating strong demand in its market. This could potentially boost its revenues in fiscal year 2024.
The announcement of $37 million in new orders indicates strong demand for AMSC's products. This could potentially lead to increased revenues in fiscal year 2024, which could positively impact the company's stock price in the short term.
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