Dec. 22, 2014, 4:12 PM
- The options being considered by Advanced Energy (NASDAQ:AEIS) for its solar inverter ops include "a sale, joint venture, partnership, licensing or other alternatives including additional product line optimization and rationalization, in order to maximize shareholder value."
- AEIS also says it plans to record a $10M-$14M non-cash inventory charge in Q4 related to "the company's strategic review and resulting retirement of certain central inverter legacy products."
- Central (string) solar inverters have been losing ground to microinverters. The former are cheaper than the latter, but can also be less reliable and/or efficient.
- Shares are halted.
Advanced Energy Industries Inc offers power conversion products for direct current, pulsed DC mid-frequency, high voltage, and radio frequency power supplies, matching networks, RF instrumentation, and PCM as well as thermal instrumentation products.
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