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Why American Superconductor Rocketed Higher Today

TheMotleyFool

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Why American Superconductor Rocketed Higher TodayPhoto, wide shot, wide-angle lens, Software company, sunset photo at golden hour, photo by Marc Adamus: https://img.theapi.app/temp/9d624ad0-0157-4808-b12c-caf136345180.png

Shares of American Superconductor (NASDAQ: AMSC) rallied 27.4% on Thursday as of 12:24 p.m. ET.

American Superconductor is an interesting company that sells power routing equipment and software, which enables power distributors and customers to control the flow of electrical current as it transmits electricity between the grid and power producers or end customers.

Last night's earnings report shows the company is clearly benefiting from activity related to artificial intelligence (AI) data center growth.

Source Fool.com

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