Advanced Energy spikes after Raymond James initiates at Outperform

Shares of Advanced Energy Industries (AEIS +5.5%) spike after Raymond James initiated the stock at Outperform with a PT of $26 (potential upside of 34.6%).

Analyst Pavel Molchanov: "Having diversified away from its legacy thin film business, Advanced Energy emerged as one of the top global players in the PV inverter arena ... This provides direct leverage to the PV industry's secular growth curve ... this [is] the only solar stock we currently recommend."

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