AMSC vs HYLN vs WAVE Stock Comparison

American Superconductor, Hyliion Holdings and Eco Wave Power Global AB (publ) Prices as of Oct 28, 2026 Peers: Industry group
HYLN Hyliion Holdings Corp.
$3.37 -15.3% 1M +59.0% 1Y
Market cap
$601.87M
P/E
–
Revenue (TTM)
$9.25M
Div. yield
–
Power Equipment Industrials
2 wins

Head to Head

5 decided of 12

American Superconductor leads on 2 of the 12 questions below (American Superconductor 2, Hyliion Holdings 2, Eco Wave Power Global AB (publ) 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMSCHYLNWAVELeader
Larger companyMarket capitalisation $1.34B $601.87M $213.97M AMSC
Cheaper on earningsLower P/E, profitable companies only — -11.5x -61.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 31.3x — — –
Faster revenue growthRevenue growth, trailing twelve months — +163.2% — –
More profitableNet margin, trailing twelve months — -564.3% — –
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months -51.3% +59.0% -43.5% HYLN
Better 5-year returnAnnualised price return, 5 years +8.9%/yr -16.1%/yr -7.3%/yr AMSC
Less volatileAnnualised volatility, 1 year 85.9% 98.9% 70.4% WAVE
Higher overall scoreMean of the five percentile scores vs peers — 57/100 33/100 HYLN

Percentile Scorecard

AMSCHYLNWAVE

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAMSCHYLNWAVE
Valuation – 33 #41 of 61 0 #24 of 24
Growth – 88 #8 of 58 36 #15 of 23
Profitability – 13 #48 of 55 5 #22 of 23
Financial Health 77 #17 of 71 93 #6 of 71 91 #3 of 24
Shareholder Returns – – –
Overall – 57 33
  • AMSC ranked among 71 companies in Clean Energy Equipment
  • HYLN ranked among 71 companies in Clean Energy Equipment
  • WAVE ranked among 24 companies in Power Generation

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAMSCHYLNWAVESPY
1 month -3.8%-15.3%-28.0% +0.9%
3 months +5.8%+4.7%-35.4% +5.9%
6 months -40.9%+88.3%-35.5% +8.5%
Year to date -2.1%+83.2%-21.6% +13.3%
1 year -51.3%+59.0%-43.5% +12.4%
3 years +353.9%+497.4%+94.9% +88.1%
3 years, per year +65.6%+81.5%+24.9% +23.5%
5 years +53.4%-58.3%-31.6% +68.2%
5 years, per year +8.9%-16.1%-7.3% +11.0%
10 years +308.6%—— +263.4%
10 years, per year +15.1%—— +13.8%

Risk

MeasureAMSCHYLNWAVESPY
Volatility, 1Y 85.9%98.9%70.4% 12.7%
Downside volatility, 1Y 98.8%92.9%63.5% 12.7%
Beta vs S&P 500, 1Y 3.483.181.07 1.00
Return / volatility, 1Y -0.600.60-0.62 0.98
Max drawdown, 5Y -82.9%-94.0%-86.3% -25.4%
From 52-week high -55.3%-58.4%-53.8% -0.9%
52-week high $63.01$8.10$9.92 $779.14
52-week low $25.01$1.58$4.38 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAMSCHYLNWAVE
P/E now vs peer median —median 29.4x -11.5xmedian 29.4x -61.3xmedian 24.9x
P/S now vs peer median —median 2.6x 65.1xmedian 2.6x —median 2.7x
EV/EBITDA now vs peer median —median 18.4x -10.5xmedian 18.4x —median 11.6x
P/FCF now vs peer median —median 24.4x -10.6xmedian 24.4x —median 13.8x
P/B now vs peer median 2.4xmedian 1.8x 3.6xmedian 1.8x 28.0xmedian 2.1x
PEG now vs peer median —median 1.07 -0.38median 1.07 —median 0.61

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAMSCHYLNWAVE
Revenue – $9.25M –
Gross profit – $603.00K –
Operating income – -$58.73M -$3.00M
Net income – -$52.19M -$3.50M
Free cash flow – -$56.62M –
R&D – $37.27M $747.00K
EPS (diluted) – $-0.29 –
Cash & equivalents $140.69M $13.20M $8.15M
Total debt – – $4.83M
Shares (diluted) 44.94M 178.44M –
Enterprise value $639.64M $267.77M $186.71M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAMSCHYLNWAVE
P/E – -11.5x -61.3x
P/FCF – -10.6x –
P/Operating cash flow – -14.2x –
P/S – 65.1x –
P/B 2.4x 3.6x 28.0x
P/Tangible book 2.5x 3.6x 28.0x
EV/EBITDA – -10.5x –
EV/EBIT – -9.2x -69.1x
EV/Revenue – 58.1x –
EV/FCF – -9.5x –
EV/Operating cash flow – -12.7x –
PEG (3Y EPS CAGR) – -0.38 –

Growth

14 metrics
MetricAMSCHYLNWAVE
Revenue growth (1Y) – 163.2% –
Revenue CAGR (3Y) – 62.1% –
Gross profit growth (1Y) – 154.4% –
Gross profit CAGR (3Y) – 29.7% –
Operating income growth (1Y) – 11.9% -16.2%
Operating income CAGR (3Y) – 29.6% -1.5%
Net income growth (1Y) – 7.3% -17.5%
Net income CAGR (3Y) – 30.7% -14.6%
EPS growth (1Y) – 8.9% –
EPS CAGR (3Y) – 30.4% –
Operating cash flow growth (1Y) – 10.5% –
Operating cash flow CAGR (3Y) – 30.3% –
Free cash flow growth (1Y) – 16.0% –
Free cash flow CAGR (3Y) – 24.4% –

Profitability

14 metrics
MetricAMSCHYLNWAVE
Gross margin – 6.5% –
EBITDA margin – -551.3% –
Operating margin – -635.2% –
Pretax margin – -564.5% –
Net margin – -564.3% –
FCF margin – -612.3% –
Operating cash flow margin – -458.2% –
Return on equity – -29.7% -56.2%
Return on assets – -28.2% -40.5%
Return on invested capital – – –
Return on capital employed – -33.4% -48.6%
Asset turnover – 0.0x –
Cash conversion (OCF / net income) – 0.8x –
Stock comp / revenue – 64.8% –

Financial Health

11 metrics
MetricAMSCHYLNWAVE
Debt / assets – – 12.0%
Debt / equity – – 0.2x
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 24.9% 5.6% 24.5%
Equity / assets 75.1% 94.4% 75.5%
Interest coverage – – -2.9x
Current ratio 2.4x 7.6x 3.5x
Quick ratio 1.6x 7.1x 3.4x
Cash ratio 1.0x 6.8x 3.3x
Altman Z-score – 33.51 –

Shareholder Returns

7 metrics
MetricAMSCHYLNWAVE
Dividend yield – – –
Net buyback yield – – –
Shareholder yield – – –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAMSCHYLNWAVE
Forward P/E 31.3xFY2026 – –
EPS, next fiscal year $0.90FY2026 $-0.32FY2026 $-0.74FY2026
EPS growth, next FY -75.0%FY2026 – –
EPS growth, the year after +40.0% – –
Revenue, next fiscal year $383.43MFY2026 $14.80MFY2026 $179.29KFY2026
Revenue growth, next FY +28.2%FY2026 +325.2%FY2026 –
Revenue growth, the year after +15.7% +127.8% +35.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMSCHYLNWAVE
Held by institutions 73.7% 33.4% 1.2%
Institutions holding 277 168 22
Change in shares held, QoQ +6.4% +19.5% +520.8%
Institutions buying 173 106 14
Institutions selling 77 38 2
Buyers to sellers 2.25 2.79 7.00

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AMSCHYLNWAVE
AMSC 1.00 0.41 0.00
HYLN 0.41 1.00 0.00
WAVE 0.00 0.00 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMSC, HYLN and WAVE?

American Superconductor (AMSC) is the largest by market capitalisation: American Superconductor (AMSC) $1.34B, Hyliion Holdings (HYLN) $601.87M, Eco Wave Power Global AB (publ) (WAVE) $213.97M.

Which stock has performed better?

Over the past year Hyliion Holdings (HYLN) returned the most: American Superconductor (AMSC) -51.3%, Hyliion Holdings (HYLN) +59.0%, Eco Wave Power Global AB (publ) (WAVE) -43.5%. Over five years, American Superconductor (AMSC) compounded fastest (American Superconductor (AMSC) +8.9%/yr, Hyliion Holdings (HYLN) -16.1%/yr, Eco Wave Power Global AB (publ) (WAVE) -7.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Eco Wave Power Global AB (publ) (WAVE) has been the steadiest (American Superconductor (AMSC) 85.9%, Hyliion Holdings (HYLN) 98.9%, Eco Wave Power Global AB (publ) (WAVE) 70.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMSC, HYLN and WAVE?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, American Superconductor (AMSC) leads on 2. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.