AMSC

NO0010272065

Marine Freight & Logistics

Market Closed - Oslo Bors Other stock markets 10:45:00 2024-04-26 am EDT			5-day change	1st Jan Change
30.35 ^NOK	+4.12%		+5.02%	+12.83%

Mar. 04	Kistefos Threatens Lawsuit Against Aker Capital, AMSC Over Losses from Solstad Offshore Refinancing	MT
Feb. 27	AMSC ASA Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	CI

AMSC ASA - Letter received from Kistefos

March 01, 2024 at 04:09 pm EST

Kistefos AS and Kistefos Investments AS (together "Kistefos") have informed the Chairman and CEO of AMSC ASA that Kistefos is considering initiating a lawsuit against the Chairman and the CEO to claim compensation for the alleged loss incurred by Kistefos as a result of the refinancing that was announced by Solstad Offshore ASA ("SOFF") on 23 October 2023. Kistefos is considering initiating the lawsuit in the form of a class action, so that other shareholders in SOFF may participate.

AMSC ASA, the Chairman and the CEO maintain that any such lawsuit would be without merit.

***

https://news.cision.com/amsc-asa/r/amsc-asa---letter-received-from-kistefos,c3939442

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	SOLSTAD OFFSHORE ASA	41.9 NOK	+4.28%	+3.30%	312M
	AMSC ASA	30.35 NOK	+4.12%	+5.02%	197M

Latest news about AMSC ASA

Kistefos Threatens Lawsuit Against Aker Capital, AMSC Over Losses from Solstad Offshore Refinancing	Mar. 04	MT
AMSC ASA Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Feb. 27	CI
AMSC ASA Approves Dividend for the Fourth Quarter of 2023, Payable on or About March 15, 2024	Feb. 27	CI
Alphabet Earnings, Upcoming Fed Rate Decision Drive Mixed Premarket Action for US Equity Futures	Jan. 31	MT
Top Premarket Decliners	Jan. 31	MT
American Superconductor Plans Common Stock Offering; Shares Drop Pre-Bell	Jan. 31	MT
Earnings Flash (AMSC) AMSC Posts Q3 Revenue $39.4M, vs. Street Est of $34M	Jan. 24	MT
Earnings Flash (AMSC) AMSC Reports Q3 EPS $0.03, vs. Street Est of $-0.06	Jan. 24	MT
American Superconductor Gets $8 Million Wind Turbine Electrical Control System Order; Shares Rise	Jan. 17	MT
Solstad Offshore Finalizes NOK11.4 Billion Refinancing Deal	Jan. 16	MT
American Shipping Company ASA (OB:AMSC) commences an Equity Buyback Plan, under the authorization approved on April 25, 2023.	Dec. 18	CI
AMSC ASA Approves Dividend Payment, Payable on or About 7 December 2023	Nov. 28	CI
AMSC ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 21	CI
Earnings Flash (AMSC) AMSC Posts Q2 Revenue $34M, vs. Street Est of $30.4M	Nov. 01	MT
Earnings Flash (AMSC) AMSC Reports Q2 EPS $0.00, vs. Street Est of $-0.11	Nov. 01	MT
AMSC ASA Proposes Cash Dividend, Payable on or About 15 March 2024	23-10-30	CI
AMSC ASA Proposes Dividend Payment, Payable on or About 7 December 2023	23-10-30	CI
American Superconductor Receives $37 Million in New Orders for Energy Power Systems	23-10-24	MT
Solstad Offshore Unit Strikes Refinancing Deal with Aker, AMSC, DNB Bank, Export Finance Norway	23-10-23	MT
AMSC ASA Approves Additional Dividend Following Completion of the Sale of the Jones Act Business, Payable on or about 1 November 2023	23-10-19	CI
Norway's AMSC Concludes Sale of Tanker Unit to Maritime Partners	23-10-19	MT
AMSC ASA Announces Cash Dividend, Payable on or About 7 September 2023	23-08-23	CI
AMSC ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-22	CI
Norwegian Ship Financer AMSC Rises 11% on Deal to Divest Tanker Unit for $249 Million	23-08-22	MT
Earnings Flash (AMSC) AMSC Posts Q1 Revenue $30.3M, vs. Street Est of $27.4M	23-08-09	MT

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Company Profile

Amsc ASA, previously known as American Shipping Company ASA, is a Norway-based ship finance company focused on owning and bareboat chartering maritime assets. The company owns a fleet of nine modern handy size product tankers, one modern handy size shuttle tanker and an international subsea construction vessel. The Companyâs business activities are divided into two business segments: The U.S. Jones Act tankers and The Offshore. The U.S. Jones Act tankers segment includes nine product tankers and one shuttle tanker. The Offshore segment includes one international subsea construction vessel, acquired during 2022. The Company's focusing on generating stable long term returns for its stakeholders. The Company was established in 2005 and operates in Norway and USA.

Sector

Marine Freight & Logistics

Calendar

2024-05-15 - Q1 2024 Earnings Release

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Ratings for AMSC ASA

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ESG Refinitiv

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Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.748 USD

Average target price

2.216 USD

Spread / Average Target

-19.36%

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Sector Other Marine Freight & Logistics

	1st Jan change	Capi.
AMSC ASA	+12.83%	197M
HAPAG-LLOYD AG	+24.30%	31.49B
COSCO SHIPPING HOLDINGS CO., LTD.	+21.02%	23.83B
AP MOLLER MAERSK	-14.91%	23.03B
NIPPON YUSEN KABUSHIKI KAISHA	-3.80%	12.27B
MITSUI O.S.K. LINES LTD	+4.34%	10.85B
CHINA MERCHANTS ENERGY SHIPPING CO., LTD.	+45.92%	9.64B
KAWASAKI KISEN KAISHA, LTD.	+3.71%	9.39B
ORIENT OVERSEAS (INTERNATIONAL) LIMITED	-1.74%	9.03B
ADNOC LOGISTICS & SERVICES PLC	+3.13%	7.96B

Other Marine Freight & Logistics

AMSC ASA

Equities

AMSC

NO0010272065

Marine Freight & Logistics

AMSC ASA - Letter received from Kistefos

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