American Superconductor Corporation (AMSC)

Why AMSC stock has tripled so far this year: AMSC CEO

American Semiconductor Corporation (AMSC) shares have more than tripled year-to-date. AMSC CEO Daniel McGahn sits down with Market Domination Overtime Hosts Julie Hyman and Josh Lipton to discuss what's next for the company that uses superconductors to improve power grid reliability and efficiency. "The operative word here is earnings [and] that's something new to the company ... There's a lot of excitement and exuberance in the company and outside the company on what's been happening. It's really the growth. We've been growing at 25-30% here and it looks like we have a lot of tailwinds at our back that are going to keep moving the company in the right direction," McGahn says. The CEO tells Yahoo Finance, "The problems that we solve are more paramount today. We're asking the electricity grid to do a lot of things it's just not designed to do and where we come in is we help augment that. We're able to provide hardware and equipment to the grid to allow all these new challenges to be absorbed and to get the power to where it's needed." "AI is kind of the next thing that's going to push the grid and ask it to do these things that it's not quite capable of doing. Where we come in is we help to kind of connect the grid together in a better way, make it more resilient, make it more dependent, allow power to get to where it's needed and how it needs to be either utilized for an industrial concern or even for a power plant." For more on AMSC's military contracts and the impact of tariffs under the upcoming Trump administration. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Naomi Buchanan.