- National Wind Watch: Wind Energy News - https://www.wind-watch.org/news -

Devens wind power firm lost $2.8M last quarter

Devens wind and power grid services provider AMSC on Monday announced it lost $2.8 million in the last quarter, a slight improvement from the $3 million it lost in the same quarter 2015.

AMSC’s revenues for the third quarter – which ended Dec. 31 – were $27.1 million, a 5-percent increase from the $25.8 million it made in the same quarter 2015.

The company’s net loss for the third quarter worked out to 20 cents per share, compared to 22 cents per share in 2015.