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US Wind-Power Firm Retools After Setback in China

  • American Superconductor Corp. (AMSC) is maintaining a laser focus on expanding in China, despite its disastrous relationship with Sinovel Wind Group Co. Ltd. (601558.SH), China's largest wind-turbine maker.The Massachussetts-based company, which makes software and hardware for wind turbines and electric transmission systems, has seen its revenue and stock price plunge since March, when American Superconductor, or AMSC, says Sinovel stopped paying its invoices and stopped accepting previously scheduled shipments.On Thursday, AMSC booked revenue of about $48 million for the nine months ended Dec. 31, about one-fifth of its revenue for the same period in 2010.

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