AMSC — American Superconductor Corp · catalysts, narrative & risks

Below is a point-in-time research snapshot for American Superconductor Corp (NASDAQ: AMSC), as of 2026-10-04. It is organized around recent catalysts, the bull/bear case, risks, and upcoming events. This is not investment advice.

A note on AMSC's fiscal calendar. AMSC's fiscal year ends March 31, so its quarters are Q1 (Apr–Jun), Q2 (Jul–Sep), Q3 (Oct–Dec), Q4 (Jan–Mar). Several sources use inconsistent labels — the August 5 report is called "Q2 CY2026" in one place [4], while the February 4 report is variously labeled "Q3 FY2025" and "Q3 2026" [12], [14]. I resolve these against the March 31 year-end.