Tag: American Superconductor

Is AMSC Ready to Get Back to the Future?

Last week a jury found in favor of the United States government in a suit brought in 2013 by the Obama Administration against the Chinese wind turbine producer, Sinovel Wind Group (601558:  Shanghai).  Sinovel was found guilty of stealing technology from American Superconductor (AMSC:  Nasdaq) that had supplied Sinovel with converter hardware and software solutions.  Sinovel may have to pay hefty fines when the final sentencing step is completed in June 2018. American Superconductor (now called AMSC) had already brought a private suit against Sinovel in China two years before the Justice Department filed its case.  The China court dismissed the case for lack of...
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