67 WALL STREET, New York - August 18, 2014 - The Wall Street Transcript has just published its Alternative Energy & Utilities Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Asia Pacific Demand for Solar Energy - Government Subsidies and Regulation - Solar Growth Drivers and Headwinds - Regulatory Headwinds for U.S. Utilities - Alternative Energy Generation - Utility Infrastructure Capital Expenditures - New Market Opportunities in Energy - Electric Vehicles
Companies include: American Superconductor Corporation (AMSC) and many more
In the following excerpt from the Alternative Energy & Utilities Report, the President and CEO of American Superconductor Corporation (AMSC) discusses company strategy and the outlook for this vital industry:
TWST: When we talked back in 2012, India was really the key market for you. Is that still the case, and which other geographic regions are you focusing on at this point?
Mr. McGahn: We're starting to see the fulfillment of the vision of a couple of years ago. We've seen INOX go from a prototype at that point to more than 10% market share. They are a top-tier player, and they continue to gain market share. We have been able to deliver with INOX a very nice business in India that has really good prospects for growth.
The Indian market is predicted to grow from approximately 2,000 megawatts a year to something approaching 4,000 megawatts a year between now and end of the decade. So there is growth in the market, and through innovative technology, we're enabling INOX to take additional market share. Our wind business really starts in India. We see the Chinese market as an additional opportunity for us as well as the Korean offshore market as additional opportunity for the wind market.
On the grid side, our markets have been more in North America, the U.K. and Australia. We've talked in recent conference calls about Australia and policies there. In addition, we are looking to expand the grid business's regional reach to include Southern Africa and Eastern Europe, both of which we've gotten first wins. We have also been exploring the Middle East as well as South America. We continue to expand our geographic footprint and the markets in which we participate.
I've been very excited and pleased with the two new product offerings. These two new product offerings however are really focused first and foremost on the U.S. markets. The desire is to deploy Resilient Electric Grid in the U.S. and then be able to open up additional markets in the future. Additionally, the desire is to deploy the ship protection systems with the U.S. Navy and then look to be able to sell to allied navies in the future.
TWST: Can you comment on the strength of your balance sheet at this point, and what are the areas that you are working to improve?
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.