There are two ways you can look at Advanced Energy Industries (NASDAQ:AEIS) - it's an up-and-coming leader in solar power inverters with a cyclical semiconductor equipment business attached, or it's a leading supplier of power conversion and thermal instrumentation products to the semiconductor industry with a growing (but intermittently profitable) solar business attached. Either way, I believe AEIS is still an undervalued tech stock with a clean balance sheet and multiple potential growth drivers in the coming years.
Semi Recovery Coming, But The Details Are Still Hazy
Advanced Energy Industries is a leading supplier of power conversion, thermal instrumentation, and gas flow control systems into the semiconductor capital equipment industry. In a nutshell, AEIS's equipment goes into the...
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