Today I interviewed Greg Yurek, the founder and CEO of American Superconductor (AMSC). In the interest of full disclosure, I have owned this stock for several years.
This company went public 14 years ago to commercialize superconducting technologies. Finally, after all these years, its largest business segment is profitable. But the company is still spending heavily on R&D so it won't be profitable on a company-wide basis for quite some time.
However, there are a couple of exciting projects. AMSC has a contract to develop superconducting motors for the U.S. Navy. These superconducting ship propulsion systems have several advantages over conventional motors including smaller size and weight. AMSC is also installing superconducting cables in a project for Long Island Power Authority.
This MoneyMasters interview will be available for viewing on Nov. 23.