Analyst Coverage

Firm Analyst
Oppenheimer & Co.
Colin Rusch
B. Riley FBR, Inc.
Carter Driscoll
Roth Capital Partners
Phil Shen

American Superconductor Corporation is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding American Superconductor Corporation's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of American Superconductor Corporation or its management. American Superconductor Corporation does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.