AMSC Receives $12M Wind Turbine Electrical Control System Follow-On Order From Inox Wind
Portfolio Pulse from Benzinga Newsdesk
AMSC has received a $12 million order for its 3 MW class wind turbine electrical control systems from Inox Wind Limited. The majority of the shipment is expected to occur in fiscal year 2024.
July 24, 2024 | 12:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
AMSC has received a significant $12 million order from Inox Wind Limited for its 3 MW class wind turbine electrical control systems. This order is expected to positively impact AMSC's revenues and strengthen its position in the wind energy market.
The $12 million order from Inox Wind is a substantial addition to AMSC's revenue stream. Given the size of the order and the expected shipment timeline, this deal will likely enhance AMSC's financial performance in fiscal year 2024. The partnership with a premium wind turbine manufacturer like Inox Wind also strengthens AMSC's market position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100