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American Superconductor Surges on Wind Contract: Boston Mover

May 23 (Bloomberg) -- American Superconductor Corp., a supplier of wind-turbine components, rose the most in more than a month after winning a contract to supply 100 megawatts of electrical systems to India’s Inox Wind Ltd.

American Superconductor rose 13 percent to $3.99 a share at the close in New York, the most since April 11.

Inox designed a two-megawatt wind turbine using American Superconductor technology in 2009 and today ordered 50 of its electrical control systems to use in turbines this year, the Devens, Massachusetts-based company said today in a statement.

To contact the reporter on this story: Christopher Martin in New York at cmartin11@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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