WOW, all I can say is this is the future of APWR by the end of 2010 as APWR is going to do the exact same “”GUIDANCE UPDATE”"” with a signed 1.5 Billion Texas Wind Deal……….AMSC is blowing the doors off of growth……..congrats to anyone LONG on AMSC……….now, take your PROFITS and MOVE to the next monster rocket ship APWR

DEVENS, Mass. (AP) — American Superconductor Corp. reaffirmed its full-year outlook Thursday and said it expects its profit to double next fiscal year.

The earnings forecast for fiscal 2010 is ahead of Wall Street expectations.

American Superconductor, which makes equipment for power generators and utilities and reported its first quarterly profit in company history this year, said it expects to drive earnings with greater productivity and lower manufacturing costs.

For fiscal 2009, which ends in March 2010, American Superconductor predicts profit of 24 cents to 29 cents per share and revenue of $300 million to $310 million. Excluding unusual items, the company expects to report net income of 59 cents to 64 cents per share.

On average, analysts polled by Thomson Reuters expect profit of 62 cents per share on sales of $307.8 million. Analysts typically exclude one-time items from their forecasts.

For fiscal 2010, the company expects profit of 77 cents per share and more than $400 million in revenue. It predicts adjusted profit of $1.15 per share.

Analysts forecast profit of $1.04 per share on $406.8 million in revenue.j

As we ALL KNOW , the P/E of 200 scared ME out of AMSC earlier cause I can only recommend stocks I would buy myself for monster future gains. AMSC has had a beautiful run and will continue moving up slowly and safely……..the future is GUARANTEED for AMSC for the future……….Congrats AMSC LONGS!

PS Analysts here on AMSC are like the Trina Solar analysts………worthless!

Stranger things have happenned folks and T Boone Pickens had great ideas about wind farms and now, who is going to pick up the pieces of the credit crunch???

Oh, the irony. All-American oilman T. Boone Pickens scraps his plans for the world’s biggest wind farm–a $10 billion project in Texas–and who comes in to pick up the pieces? China. The communist country is honing in on the Texas wind industry with a $1.5-billion, 36,000-acre project in West Texas. It’s not quite Pickens-scale, but it is the biggest Chinese investment in U.S. renewable energy to date.

The Chinese bank-funded project will even source all 240 turbines from Chinese manufacturer A-Power Energy. When completed in 2011, the wind farm will produce enough power for 180,000 homes. In the meantime, Texans can look forward to 300 new construction jobs.

China’s massive Texas project may be a sign of things to come. The country is already the world’s fourth largest producer of wind power (after the U.S., Germany, and Spain), and 15 Chinese companies produce commercial turbines. A-Power, the company behind the Texas turbines, just launched last year.

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Chances are, then, that we will see more Chinese investments in U.S. wind power. Texas and the Midwest have huge untapped wind resources, and if American companies don’t step up, others will. But in the end, it doesn’t really matter who is bankrolling our renewable energy. We should be thankful that someone is willing to pay for it.

[Via Dallas News]