Applied Superconductor Ltd. Bundle

Who Owns American Superconductor Corporation?
The ownership of American Superconductor Corporation (AMSC) is a key factor in its strategic direction and market performance. Understanding who holds significant stakes provides insight into the company's governance and future plans.

Tracing the ownership of AMSC, formerly Applied Superconductor Ltd., reveals a dynamic interplay of founders, institutional investors, and public shareholders. This structure has evolved since its inception, reflecting its growth and market position.
Who owns American Superconductor Corporation? The company, founded on April 9, 1987, as Applied Superconductor Ltd., has a complex ownership history. As of August 21, 2025, its market capitalization stood at approximately $2.17 billion. AMSC specializes in high-temperature superconducting wire and systems for grid infrastructure and defense. For a deeper dive into its market environment, consider the Applied Superconductor Ltd. PESTEL Analysis.
Who Founded Applied Superconductor Ltd.?
The origins of Applied Superconductor Ltd. trace back to April 9, 1987, stemming from advanced materials science research conducted at the Massachusetts Institute of Technology (MIT). The company was founded by a team of MIT affiliates: Gregory J. Yurek, Yet-Ming Chiang, David A. Rudman, and John B. Vander Sande. Gregory J. Yurek, an MIT professor specializing in material science, is recognized as the founder, initiating the company's operations from his home.
Founder | Affiliation | Role |
---|---|---|
Gregory J. Yurek | MIT Professor | Founder, Material Scientist |
Yet-Ming Chiang | MIT | Co-Founder |
David A. Rudman | MIT | Co-Founder |
John B. Vander Sande | MIT | Co-Founder |
The founding team's collective goal was to harness breakthroughs in materials science. They aimed to develop more robust and sustainable energy infrastructure solutions.
In its early stages, the company successfully secured approximately $4.5 million. This funding was crucial for its research, development, and the initial scaling of its high-temperature superconducting (HTS) wire manufacturing capabilities.
Specific details regarding the precise equity distribution among the founders at the company's inception are not publicly disclosed. This is typical for privately held entities during their formative years.
The foundational control and strategic direction of the company were primarily driven by the scientific acumen and entrepreneurial spirit of its founding team. Their combined expertise was instrumental in the company's early trajectory.
Details concerning early agreements, such as vesting schedules or buy-sell clauses established during this foundational period, are not readily available in public records. Such arrangements are common for companies in their private development phase.
The company's initial focus was on leveraging advancements in materials science to create innovative solutions for the energy sector. This commitment to cutting-edge technology defined its early mission.
The early ownership of Applied Superconductor Ltd. was firmly rooted in its founding team, comprising individuals with significant scientific backgrounds from MIT. Gregory J. Yurek, along with co-founders Yet-Ming Chiang, David A. Rudman, and John B. Vander Sande, collectively steered the company's initial direction. While the exact equity breakdown from this period is not publicly detailed, their combined expertise and vision were the primary drivers of the company's early strategy and control. Understanding the Target Market of Applied Superconductor Ltd. is key to appreciating the founders' initial goals.
The initial phase of Applied Superconductor Ltd. was characterized by a strong founder-led ownership structure, driven by scientific innovation and early-stage investment. The company's trajectory was shaped by the founders' commitment to developing advanced superconducting technologies.
- Founders were MIT-affiliated scientists.
- Initial operations began in 1987.
- Secured approximately $4.5 million in early funding.
- Focus on high-temperature superconducting (HTS) wire manufacturing.
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How Has Applied Superconductor Ltd.’s Ownership Changed Over Time?
The ownership journey of American Superconductor Corporation began with its Initial Public Offering (IPO) on NASDAQ in 1991, raising $36 million. This event was pivotal, transforming the company from private to public and broadening its investor base, which significantly supported its growth in research, development, and manufacturing.
Shareholder Type | Percentage of Ownership (Approx.) | Key Holders |
---|---|---|
Institutional Investors | 70% | BlackRock, Inc., Vanguard Group Inc, AWM Investment Company, Inc., Baillie Gifford & Co, State Street Corp. |
Individual Insiders | Significant Stakes | Kevin Douglas, Michelle Douglas, Daniel P. McGahn |
As of August 18, 2025, institutional investors are the dominant force in American Superconductor Corporation's ownership, collectively holding around 70% of the company's shares. This substantial stake grants them considerable influence over the company's stock performance and strategic decisions. Fintel data from August 2025 indicates that 426 institutional owners possess 39,677,967 shares, representing 87.81% of institutional holdings. Among these major institutional shareholders are prominent entities such as BlackRock, Inc., which held 3,420,039 shares as of June 30, 2025, and Vanguard Group Inc, with 2,447,047 shares.
Understanding the Applied Superconductor ownership structure reveals a blend of institutional and individual influence. Key stakeholders play a vital role in shaping the company's direction.
- Institutional investors collectively own approximately 70% of the company's stock.
- Major institutional holders include BlackRock, Inc. and Vanguard Group Inc.
- Individual insiders, like Kevin Douglas, hold significant personal stakes.
- CEO Daniel P. McGahn also maintains a notable percentage of ownership.
- This ownership breakdown impacts the company's governance and strategic planning.
Beyond institutional backing, individual insiders also maintain substantial ownership in American Superconductor Corporation. Kevin Douglas emerges as the largest individual shareholder, possessing 8.29 million shares, which equates to 18.37% of the company and was valued at approximately $432.73 million in 2025. Michelle Douglas holds a significant stake of 9.43%, with 4.25 million shares, and the current CEO, Daniel P. McGahn, owns 1.20 million shares, representing 2.67% of the company. These considerable insider holdings, particularly from the Douglas family, highlight a dynamic where both institutional power and significant individual influence are present, impacting the company's overall strategy and governance. For a deeper understanding of the company's guiding principles, explore the Mission, Vision & Core Values of Applied Superconductor Ltd.
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Who Sits on Applied Superconductor Ltd.’s Board?
The Board of Directors at American Superconductor Corporation plays a crucial role in guiding the company's strategic direction and governance. Key figures include Daniel P. McGahn, serving as Chairman, President, and Chief Executive Officer, and John W. Kosiba, the Senior Vice President, Chief Financial Officer, and Treasurer. These leaders are actively involved in investor communications, reflecting their direct influence on the company's operations and future plans.
Board Member | Title |
---|---|
Daniel P. McGahn | Chairman, President, and Chief Executive Officer |
John W. Kosiba | Senior Vice President, Chief Financial Officer, and Treasurer |
The voting power within American Superconductor Corporation is primarily determined by its shareholders. Stockholders of record as of December 9, 2024, are eligible to vote at the company's 2025 Annual Meeting of Stockholders, scheduled for July 25, 2025, which will be held virtually. This standard practice suggests a one-share-one-vote system for common stock, a common structure for publicly traded entities. The active participation of executives like McGahn and Kosiba in investor discussions indicates a strong alignment between management and shareholder interests, contributing to a stable governance environment. Understanding the Growth Strategy of Applied Superconductor Ltd. can provide further insight into how board decisions impact the company's trajectory and ownership dynamics.
The ownership structure of Applied Superconductor Ltd. is typically detailed in regulatory filings. These documents provide clarity on who owns Applied Superconductor and the distribution of voting power among its shareholders.
- Shareholders of record as of December 9, 2024, are entitled to vote.
- The 2025 Annual Meeting of Stockholders is scheduled for July 25, 2025.
- Key executives actively engage in investor communications.
- A stable governance environment is suggested by the absence of recent proxy battles.
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What Recent Changes Have Shaped Applied Superconductor Ltd.’s Ownership Landscape?
Over the past three to five years, Applied Superconductor Ltd. has seen significant shifts in its ownership landscape, driven by strategic acquisitions and capital-raising initiatives. These developments have influenced its market position and future growth trajectory, impacting who owns Applied Superconductor.
Development | Date | Impact on Ownership |
Acquisition of NWL, Inc. | August 2024 | Issued 1,297,600 restricted shares, increasing common stock and potentially diluting existing shareholders. |
Public Offering | June 2025 | Generated $124.6 million in net proceeds, likely leading to dilution but providing capital for growth. |
The company's financial performance has been robust, with Q1 fiscal 2025 revenue reaching $72.4 million, an 80% year-over-year increase. This strong performance, coupled with a net income of $6.7 million and substantial cash reserves of $213.4 million as of Q1 fiscal 2025, has likely attracted increased investor interest. The trend towards higher institutional ownership, with institutions holding approximately 70% of shares as of April 2025, indicates growing confidence from larger investment entities in Applied Superconductor stock ownership.
Institutions now hold around 70% of Applied Superconductor shares as of April 2025. This reflects a broader market trend of increased institutional investment in technology and industrial sectors.
The acquisition of NWL, Inc. in August 2024 involved issuing new shares. This move aimed to expand market reach and product offerings, influencing the Applied Superconductor Ltd. ownership structure.
A public offering in June 2025 raised $124.6 million. While this bolsters financial resources, it also typically leads to some dilution for existing Applied Superconductor shareholders.
Strong revenue growth and profitability in early fiscal 2025, with $213.4 million in cash, position the company well. Management is focused on growth in key sectors and exploring further expansion, which is crucial for understanding Applied Superconductor Ltd. major investors.
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