<SEC-DOCUMENT>0001299933-11-001020.txt : 20110405
<SEC-HEADER>0001299933-11-001020.hdr.sgml : 20110405
<ACCEPTANCE-DATETIME>20110405163036
ACCESSION NUMBER:		0001299933-11-001020
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110405
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110405
DATE AS OF CHANGE:		20110405

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN SUPERCONDUCTOR CORP /DE/
		CENTRAL INDEX KEY:			0000880807
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTORS & GENERATORS [3621]
		IRS NUMBER:				042959321
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19672
		FILM NUMBER:		11740433

	BUSINESS ADDRESS:	
		STREET 1:		SIXTY FOUR JACKSON ROAD
		CITY:			DEVENS
		STATE:			MA
		ZIP:			01434
		BUSINESS PHONE:		9788423000

	MAIL ADDRESS:	
		STREET 1:		SIXTY FOUR JACKSON ROAD
		CITY:			DEVENS
		STATE:			MA
		ZIP:			01434
</SEC-HEADER>
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<TYPE>8-K
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<DESCRIPTION>LIVE FILING
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<TITLE> American Superconductor Corporation (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	April 5, 2011
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	American Superconductor Corporation
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<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	Delaware
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	0-19672
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	04-2959321
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	64 Jackson Road, Devens, Massachusetts
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	01434
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_________________________________<BR>
	(Address of principal executive offices)
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___________<BR>
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	Registrant&#146;s telephone number, including area code:
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	(978) 842-3000
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	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
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	&nbsp;
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
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<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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	Item 2.02 Results of Operations and Financial Condition.
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The following information is furnished under this Item 2.02 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any filing thereunder or under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. <br><br>On April 5, 2011, American Superconductor Corporation (the "Company") issued a press release announcing an update regarding certain anticipated financial and operating results for the fiscal year 2010 ended March 31, 2011.  A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein. <br>
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	Item 9.01 Financial Statements and Exhibits.
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(c)  Exhibits
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	SIGNATURES
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	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
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	American Superconductor Corporation
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	April 5, 2011
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	By:
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	/s/ David A. Henry
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	Name: David A. Henry
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	Title: Senior Vice President and Chief Financial Officer
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	Exhibit&nbsp;Index
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	Exhibit No.
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	99.1
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	&nbsp;
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Press Release, dated April 5, 2011, issued by American Superconductor Corporation (furnished, not &#x201C;filed,&#x201D; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended)
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<P align="right" style="font-size: 10pt"><FONT style="font-size: 18pt"><B>Press Release</B></FONT>



<P align="center" style="font-size: 18pt"><FONT style="font-size: 14pt"><B>AMSC ISSUES UPDATE REGARDING ITS ANTICIPATED FOURTH<BR>
QUARTER AND FISCAL YEAR 2010 FINANCIAL RESULTS</B></FONT>



<P align="left" style="font-size: 14pt"><FONT style="font-size: 12pt"><B>DEVENS, Mass. &#150; April&nbsp;5, 2011 &#150; </B>American Superconductor Corporation (NASDAQ: AMSC), a global
power technologies company, today issued an update regarding its anticipated financial results for
its fourth quarter and fiscal year 2010 ended March&nbsp;31, 2011. AMSC expects to report final fourth
quarter and full fiscal year 2010 results in May&nbsp;2011.
</FONT>

<P align="left" style="font-size: 12pt">On March&nbsp;31, 2011, Sinovel Wind Group Co., Ltd. (Sinovel) refused to accept contracted shipments of
1.5 megawatt (MW)&nbsp;and 3 MW wind turbine core electrical components and spare parts that AMSC was
prepared to deliver. AMSC believes that Sinovel intends to reduce its level of inventory before
accepting further shipments.


<P align="left" style="font-size: 12pt">These delayed shipments are the primary cause for lower-than-anticipated financial results for
AMSC&#146;s fourth quarter and full fiscal year 2010. AMSC currently expects total revenues for its
fourth fiscal quarter will be less than $42&nbsp;million and that it will generate a net loss for the
fourth quarter on both a GAAP and non-GAAP basis. As a result, AMSC currently expects its full
year fiscal 2010 revenues to be less than $355&nbsp;million. This compares with the company&#146;s prior
forecast for fiscal 2010 revenues of $430&nbsp;million to $440&nbsp;million. AMSC also expects that its GAAP
and non-GAAP earnings for full year fiscal 2010 will be well below the company&#146;s previous
forecasts.


<P align="left" style="font-size: 12pt">AMSC estimates that its balance of cash, cash equivalents, marketable securities and restricted
cash as of March&nbsp;31, 2011 was approximately $240&nbsp;million. This is down from $260.5&nbsp;million as of
December&nbsp;31, 2010. AMSC&#146;s cash balance was negatively impacted by an increased inventory level
related to the refusal of shipments by Sinovel, and Sinovel&#146;s failure to pay AMSC for certain
contracted shipments made in fiscal year 2010. As a result of both accumulated aged accounts
receivable due to payment delays and Sinovel&#146;s recent refusal to accept March deliveries, AMSC is
reviewing the appropriateness of the timing of its revenue recognition on approximately $56&nbsp;million
of unpaid shipments in the second, third and fourth quarters of fiscal 2010.


<P align="left" style="font-size: 12pt">AMSC continues to have active discussions with Sinovel to determine when Sinovel will accept
further shipments and when it will pay for past shipments. In the meantime, AMSC has taken certain
actions to reduce expenses, and the company is in the process of implementing plans to better align
spending with near-term revenues while continuing to maintain a high level of service and support
for its global Wind and Grid customers.


<P align="left" style="font-size: 12pt"><U><B>About American Superconductor (NASDAQ: AMSC)</B></U>
<BR>
AMSC offers an array of proprietary technologies and solutions spanning the electric power
infrastructure &#150; from generation to delivery to end use. The company is a leader in <U>renewable
energy</U>, providing proven, megawatt-scale wind turbine designs and electrical control systems.
The company also offers a host of <U>Smart Grid</U> technologies for power grid operators that
enhance the reliability, efficiency and capacity of the grid, and seamlessly integrate renewable
energy sources into the power infrastructure. These include superconductor power cable systems,
grid-level surge protectors and power electronics-based voltage stabilization systems. AMSC&#146;s
technologies are protected by a broad and deep intellectual property portfolio consisting of
hundreds of patents and licenses worldwide. More information is available at <U>www.amsc.com</U>.


<P align="center" style="font-size: 12pt"><FONT style="font-size: 9pt"># # # #</FONT>



<P align="left" style="font-size: 9pt"><I>American Superconductor and design, Revolutionizing the Way the World Uses Electricity, AMSC,
Powered by AMSC, Amperium, D-VAR, dSVC, FaultBlocker, PowerModule, PowerPipelines, PQ-IVR, PQ-SVC,
SeaTitan, SuperGEAR and Windtec and design are trademarks or registered trademarks of American
Superconductor Corporation or its subsidiaries. All other brand names, product names or trademarks
belong to their respective holders.</I>


<P align="left" style="font-size: 9pt"><I>Any statements in this release about future expectations, plans and prospects for the company,
including our expectations regarding the financial performance of the company and other statements
containing the words &#147;believes,&#148; &#147;anticipates,&#148; &#147;plans,&#148; &#147;expects,&#148; &#147;will&#148; and similar expressions,
constitute forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. There are a number of important factors that could materially impact the value
of our common stock or cause actual results to differ materially from those indicated by such
forward-looking statements. Such factors include: we have a history of operating losses, and we may
incur losses in the future; our operating results may fluctuate significantly from quarter to
quarter and may fall below expectations in any particular fiscal quarter, including any
expectations resulting from financial guidance issued by us; a significant portion of our revenues
are derived from a single customer, Sinovel, and revenues from this customer may decline in future
periods; any failure by this customer (or other customers) to honor contractual obligations to
accept products or to pay for products may have a material adverse impact on our financial
condition or results from operations;</I></FONT><FONT style="font-size: 12pt"> </FONT><FONT style="font-size: 9pt"><I>additional or unanticipated issues leading Sinovel
to refuse to accept or pay for shipments; we may be subject to restatement of financial information
from prior periods, identification of deficiencies in our internal control over financial reporting
or disclosure control and procedures, and/or additional unanticipated accounting, audit and
internal control issues; adverse changes in domestic and global economic conditions could adversely
affect our business; changes in exchange rates could adversely affect our financial results; we may
not realize all of the sales expected from our backlog of orders and contracts; we rely upon third
party suppliers for the components and subassemblies of many of our products, making us vulnerable
to supply shortages and price fluctuations; we have not manufactured our Amperium wire in
commercial quantities, and a failure to manufacture our Amperium wire in commercial quantities at
acceptable cost and quality levels would substantially limit our future revenue and profit
potential; and our patents may not provide meaningful protection for our technology, which could
result in us losing some or all of our market position. Reference is made to these and other
factors discussed in the &#147;Risk Factors&#148; section of the company&#146;s most recent quarterly or annual
report filed with the Securities and Exchange Commission. In addition, any forward-looking
statements included in this press release represent the company&#146;s views as of the date of this
release. While the company anticipates that subsequent events and developments may cause the
company&#146;s views to change, the company specifically disclaims any obligation to update these
forward-looking statements. These forward-looking statements should not be relied upon as
representing the company&#146;s views as of any date subsequent to the date this press release is
issued.</I>
</FONT>

<P align="left" style="font-size: 9pt"><FONT style="font-size: 13pt"><B>AMSC Contact:</B>
<BR>
Jason Fredette
<BR>
Managing Director, Corporate Communications
<BR>
Phone: 978-842-3177
<BR>
Email: <U>jfredette@amsc.com</U>
</FONT>


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