What happened Shares of American Superconductor (NASDAQ: AMSC) fell as much as 15.1% in trading Wednesday after the energy solutions provider priced a new share offering. Shares of the renewable energy stock are still down 14.3% at 10:10 a.m. EDT. So what After the company announced the proposed stock offering yesterday, the deal was priced at $15 per share this morning and sized at 3.67 million shares. Underwriters have the option to sell another 550,500 shares over the next 30 days. Image source: Getty Images. The response by the stock is because shares closed yesterday at $17.10 per share, so they were being sold at a discount. For understandable reasons, investors weren't happy with the price. Now what Management may just be using the high stock price as an excuse to raise capital for the business long term. Shares are up nearly 300% since hitting lows in April, and given continued losses the company needs to raise cash. What I would be more concerned about is American Superconductor returning to profitability. The stock won't be a good buy if the company keeps losing money, and right now the losses continue to pile up. 10 stocks we like better than American SuperconductorWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and American Superconductor wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source