AMSC Reports First Quarter Fiscal Year 2022 Financial Results and Provides Business Outlook

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To motivate employees, the why are traders on the floor of the exchange has adopted favourable policies and practices that help to attract and retain talent in an increasingly competitive market. The Company aims to provide a conducive working environment to foster professional and personal growth. The massive development in the global and domestic renewables market, including the national policies and private sector investment provides significant opportunities in the market.

Energy use in advanced economies is estimated to remain 3% below pre-Covid levels. For the second quarter ending September 30, 2022, AMSC expects that its revenues will be in the range of $23 million to $27 million. The Company’s net loss for the second quarter of fiscal 2022 is expected not to exceed $8.5 million, or $0.31 per share. The Company’s non-GAAP net loss is expected not to exceed $6.5 million, or $0.23 per share. The Company expects operating cash flow to be a burn of $4 million to $6 million in the second quarter of fiscal 2022. The Company expects cash, cash equivalents, and restricted cash on September 30, 2022, to be no less than $36 million.

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Global economic output is expected to rebound by 6% in 2021, pushing the global GDP more than 2% higher than 2019 levels. Global energy demand is set to increase by 4.6% in 2021, offsetting the 4% contraction in 2020 and pushing demand 0.5% above 2019 levels. Almost 70% of the projected increase in global energy demand is from emerging markets and developing economies, where demand is set to rise to 3.4% above 2019 levels.

ALTOMECH PRIVATE LTD.

You can find more details by visiting the additional pages to view historical data, charts, latest news, analysis or visit the forum to view opinions on the AMSC quote. The company is well placed to capitalize these growing opportunities as well as under the auction regime with the 3.3 MW Wind Turbine Platform. Margins are expected to be sustainable, comparable with the erstwhile feed-in tariff regime while significant opportunity exists by virtue of being the lowest cost producer of wind turbines, globally. Certain statements in the MDA section concerning future prospects may be forward-looking statements which involve a number of underlying identified / non identified risks and uncertainties that could cause actual results to differ materially. The results of these assumptions made, relying on available internal and external information, are the basis for determining certain facts and figures stated in the report.

ICICIdirect is a registered broker through which you can place ordehttps://1investing.in/ to buy Inox Wind Ltd Share. Value For Money- The pricing of the products is always kept in the favour of the customers so that they receive best value for their money. Cash, cash equivalents, and restricted cash on June 30, 2022, totaled $43.1 million, compared with $49.5 million at March 31, 2022. If a user or application submits more than 10 requests per second, further requests from the IP address may be limited for a brief period.

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The company has already made some progress in this regard and in the days to come it is expected to announce key decisions in this regard. • Local substructure manufacturers, installations vessels and trained workers are lacking in India. Offshore wind turbines require stronger structures and foundations than onshore wind farms. The Ministry of Power introduced the Electricity Bill, 2020 to address recurring issues and to encourage private players to enter the electricity generation, distribution and transmission market. It seeks to promote a legal and administrative ecosystem which harbours special attention for renewable energy.

Industrial Vacuum Cleaner -Amsc-e Series Capacity: 50 Liter/day

The increase in revenues was driven by higher new energy power system sales, as well as higher ship protection system revenue. AMSC reported a net loss for the fiscal year 2021 of $19.2 million, or $0.71 per diluted share, compared to net loss of $22.7 million, or $0.95 per diluted share in fiscal year 2020. The Company’s non-GAAP net loss for fiscal 2021 was $17.1 million, or $0.63 per share, compared with a non-GAAP net loss of $14.1 million, or $0.59 per share, for fiscal 2020. Please refer to the financial table below for a reconciliation of GAAP to non-GAAP results. Revenues for the fourth quarter of fiscal 2021 were $28.3 million compared with $21.2 million for the same period of fiscal 2020.

The International Energy Agencys World Energy Outlook projects renewable energy supply of 4,550 GW in 2040, globally. The global energy demand in 2020 fell by over 4%, which was the largest decline since World War II and the largest ever absolute decline. Due to the Covid-19 pandemic, there was a significant impact on global energy usage. As a result, uncertainties loomed large and the success of vaccination drives along with the size and effectiveness of stimulus packages are likely to influence the economic outlook in the near future. It is assumed, global GDP will surpass 2019 levels, increasing demand for goods, services and energy. However, movement restrictions and curbs on international travel may affect global energy demand.

A strict quality control process is followed so as to ensure that Powder Transfer System, Dust Collection System, Vacuum Conveying System, Vacuum Conveyor, etc., offered meet the highest standards. Customers do not have to worry about the safety of the products during transportation and delivery because the highest quality packaging materials are used by the company. All together, because of their focus towards quality, the company has been able to gain the trust of many customers.

The wind power sector in India has undergone a major transformation, from tax-credit driven investments to mainstream IPPs. Stock investing requires careful analysis of financial data to find out the company’s true net worth. This is generally done by examining the company’s profit and loss account, balance sheet and cash flow statement. An easier way to find out about a company’s performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company’s financial statements. Vacuum cleaners have become a necessity for various industrial, commercial as well as residential works. They are efficient cleaning tools, designed to filter out dirt and dust particles.

ICICIdirect.com is a part of ICICI Securities and offers retail trading and investment services. The Owner, Mr. Sivaguru has always provided the vision and leadership needed to ensure that the company remains competitive in the market. He provides feedback and ideas to help improve the product range and to ensure that the customers have the best possible experience dealing with the company. Company’s authorized capital stands at Rs 50.0 lakhs and has 100.0% paid-up capital which is Rs 50.0 lakhs. The company last updated its financials on 31 Mar, 2017 as per Ministry of Corporate Affairs . The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities.

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Through its Windtec™ Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety.

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A mega hybrid park in India the first of which is scheduled to be completed in the coastal region of Kutch in Gujarat has also generated significant momentum in the industry. PSUs such as NTPC announced doubling of their renewable energy goals to 60 GW by 2030 while the Government is likely to roll out a Green Tariff policy to encourage ESG compliance. The Government also extended the interest rate transmission charges waiver for renewables up to 2025, which gives a longer viability and visibility for some of the projects up to SECI IX and X to be implemented. The company has also achieved financial closure for 100 MW of the Solar Energy Corporation of India – Special Purpose Vehicles (SECI – SPVs) with Power Finance Corporation . This is expected to completely liquidate all the capital blocked in the 50 MW un-commissioned SPV in the short term.

Fundamentals

Revenue for the quarter came in at $23.9 million versus the consensus estimate of…

  • The year-over-year decrease was a result of lower Grid segment revenues, primarily driven by less D-VAR revenues, versus the year ago period.
  • The Company has additionally developed robust financial and management reporting systems.
  • The land and power evacuation facilities for these hybrid parks are planned to be provided by the state or development agencies and once completed they will be available on a plug and play model.
  • World Bank, the global economy is set to expand by 5.6% in 2021, which is the strongest post-recession pace in the last 80 years.

The main vision of Altomech Private Ltd. has been to lead the industry by providing its customers with an innovative range of vacuum cleaners and related products. The company has been able to successfully achieve its goals by presenting the highest quality products at the most authentic prices to its customers. Revenues for the first quarter of fiscal 2022 were $22.7 million compared with $25.4 million for the same period of fiscal 2021. The year-over-year decrease was a result of lower Grid segment revenues, primarily driven by less D-VAR revenues, versus the year ago period. Market cap or market capitalization is the total market value of all of a company’s outstanding shares. In the India market, there has been a major spur in the renewable energy market as some of the largest corporate houses announced their entry into this sector.

Since the factors underlying these assumptions are subject to change over time, the estimates on which they are based, are also subject to change accordingly. These forward-looking statements represent only the Companys current intentions, beliefs or expectations, and any forward-looking statement speaks only as of the date on which it was made. The Company assumes no obligation to revise or update any forward-looking statements, whether as a result of new information, future events, or otherwise. Leveraging the equity of the wind business is also being worked out to prepare for the inevitable ramp up in operations as the sector is expected to register an exponential growth in the near term.

Economies worldwide have experienced profound effects of the global health crisis, triggered by widespread public-health responses aimed at controlling Covid-19 infections. At the beginning of the crisis, plunging fuel demand in many key markets was reflected by lower prices. By the end of March 2020, the price of gas hit a 30-year low, whereas the price of oil, also affected by supply shocks, showed the largest single-day decline in the past 22 years. By the end of Q3FY20, oil demand in China was back to pre-Covid-19 levels, and 50 percent of the decline recovered in Europe and North America. Being a manufacturer of vacuums and other such products, Altomech Private Ltd. has always prioritized quality. To ensure the best performance and longevity of the products, the company uses only the finest quality of raw materials which are sourced from leading market vendors.

This facility will incur significant savings in terms of inward and outward logistic costs and is expected to improve the working capital cycle. Electricity demand is also expected to increase by 4.5% in 2021, or over 1,000 TWh, heading for its fastest growth in more than 10 years. This is almost five times greater than the decline in 2020, taking the share of electricity in final energy demand above 20%.

American Superconductor Corp. engages in provision of megawatt-scale power solutions, which improve the performance of the power grid and lower the cost of wind power. The Grid segment enables electric utilities and renewable energy project developers to connect, transmit, and distribute power with efficiency, reliability, security, and affordability. The Wind segment permits the manufacturers to field wind turbines with power output, reliability, and affordability. The company was founded by Yet-Ming Chiang, David A. Rudman, John B. Vander Sande, and Gregory J. Yurek on April 9, 1987 and is headquartered in Ayer, MA.

wind turbine

Moreover, vaccination in June, 2021 has doubled to 41.3 lakh doses, crossing the 36 crore mark in cumulative vaccination coverage3. High frequency indicators such as power consumption, E-way bills and foreign portfolio investment have also witnessed upticks, after a decline during the second wave. Investments in securities market are subject to market risks, read all the related documents carefully before investing. None of the research recommendations promise or guarantee any assured, minimum or risk free return to the investors.

What is the 52-week high and low of Inox Wind Ltd?

Hubs and blades, on the other hand, are produced by fabricators as per the OEMs specifications. To encourage indigenous manufacturing of wind turbines and to facilitate transfer of new technology, Ministry of New and Renewable Energy is expected to introduce local content requirements for wind turbines. For the first quarter ending June 30, 2022, AMSC expects that its revenues will be in the range of $23 million to $26 million. The Company’s net loss for the first quarter of fiscal 2022 is expected not to exceed $8.9 million, or $0.32 per share. The Company’s net loss guidance assumes no changes in contingent consideration. The Company’s non-GAAP net loss is expected not to exceed $6.9 million, or $0.25 per share.

You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. The Company was incorporated on April 9, 2009 as ‘Inox Wind Limited’, a public limited company under the Companies Act and received a certificate of commencement of business on April 15, 2009. World-class wealth management using science, data and technology, leveraged by our experience, and human touch.

The year-over-year increase was a result of higher Grid segment revenues, primarily driven by strong new energy power system sales. Enterprise Value is a measure of a company’s total value, often used as a more comprehensive alternative to equity market capitalization. Enterprise value includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company’s balance sheet. American Superconductor Corporation share price live 4.05, this page displays NASDAQ AMSC stock exchange data. View the AMSC premarket stock price ahead of the market session or assess the after hours quote. Monitor the latest movements within the American Superconductor Corporation real time stock price chart below.

  • Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov.
  • It seeks to promote a legal and administrative ecosystem which harbours special attention for renewable energy.
  • The Owner, Mr. Sivaguru has always provided the vision and leadership needed to ensure that the company remains competitive in the market.
  • The global energy demand in 2020 fell by over 4%, which was the largest decline since World War II and the largest ever absolute decline.
  • The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally.
  • Almost 70% of the projected increase in global energy demand is from emerging markets and developing economies, where demand is set to rise to 3.4% above 2019 levels.

The enhanced control systems ensure compliance with all applicable laws and regulations in the sector in which the Company operates and ensures optimum utilisation of resources. The Company has implemented a comprehensive internal audit system and has appointed Independent firms of Chartered Accountants as Auditors to conduct the Internal Audit function. The company also expects a major thrust in the retail, captive and C&I segment of the market. A sustainable and resilient recovery is being witnessed in the PSU segment which has bounced back in recent times and is quite promising for growth.

inox wind

Inox Wind Limited is the leading wind energy solutions provider in India, providing services to IPPs, Utilities, PSUs, Corporates and Retail Investors. Inox Wind is a fully integrated player in the wind energy market with four state-of-the-art manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh, with a cumulative manufacturing capacity of 1,600 MW. During the year FY21, manufacturing operations begun in the newly established plant at Bhuj, Gujarat. IWL manufactures key components of WTGs in-house, ensuring the highest standards of quality and the use of advanced technology to produce reliable and cost competitive products. IWL is graced by a robust, energetic and experienced team of experts who have established Inox Wind as a dynamic and enterprising corporate entity.