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Technology Stocks : American Superconductor (AMSC)
AMSC 36.53-38.3%Nov 6 3:59 PM EST
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To: tktrimbath who wrote (797)1/2/2015 4:49:26 PM
From: Art Bechhoefer  Read Replies (1) of 973
 
". . . other solutions are out-competing AMSC . . ."

A major competitor of AMSC for inverters that connect wind turbine generators to the grid is a company known as PowerOne, based in California. This company was acquired by a major European engineering firm that has a wind power business (I forget the name of the firm, but it is a major one). I think this is the main source of competition for AMSC inverters on the world market. AMSC may have good products, and apparently they are able to sell at least some of these to Chinese competitors to Sinovel. But this business doesn't have nearly the potential of the superconducting wire business. Why the superconducting wire business has lagged (outside of Korea) may be due to the reluctance of conservative minded utility companies to try new methods and products for improving the reliability of the grid. They would much prefer public investment in this area. But public investment has been curtailed by government budget cuts at all levels.

The end result is a lot of potential but no near term improvements on the horizon, unless, of course, federal, state, and local governments decide to spend more money on infrastructure. It doesn't look likely to me, but you never know. . . I'm still holding a small number of AMSC shares. Because AMSC has recently effectively diluted the existing shares, it may be at least a few years before existing investors can derive profits.

Art
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