Superconductor receives $450M order from China

BOSTON- American Superconductor Corp. said Tuesday it has received a $450 million follow-on order from China's Sinovel Wind Corp. Ltd. for wind turbine core electrical components.

The company said the contract calls for shipments to begin in January 2009 and increase in amount annually through the contract's completion in December 2011.

Shares of American Superconductor, a Devens, Mass.-based energy technologies company, closed Monday at $36.08.

(Thomson Financial)

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