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Advanced Energy Industries, Inc. (AEIS)

  • Wed, Aug. 5, 11:48 AM
    • Advanced Energy (AEIS +11.2%) is upgraded to Positive from Neutral with a $35 price target, raised from $22, at Susquehanna, which says the company's restructuring and execution give it greater earnings power.
    • The firm expresses greater confidence in the company's earnings power, given that the new team continues to execute during the divestiture of the loss-making solar inverter division.
    • The firm also expects AEIS to drive its free cash flow margin to at least 20%/year over the next few years, driven by its leaner business model.
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  • Nov. 3, 2014, 4:13 PM
    • Advanced Energy (NASDAQ:AEIS): Q3 EPS of $0.42 beats by $0.12.
    • Revenue of $143.14M (+0.2% Y/Y) beats by $6.71M.
    • Shares +3.8% AH.
    • Press Release
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  • Jun. 3, 2014, 9:11 AM
    • Advanced Energy Industries (AEIS) -9.2% premarket after yesterday's announcement that Garry Rogerson has decided to step down as CEO.
    • AEIS is downgraded to Hold from Buy at Needham following the news, as Rogerson is viewed as the key figure in driving the major operational changes to enable strong earnings growth and leverage; the firm is concerned that multiple high-level departures in such a short time could cause major disruption of the business.
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  • May 6, 2014, 12:45 PM
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  • May 5, 2014, 5:40 PM
    • Top gainers, as of 5:15 p.m.: VVUS +6.0%. VNO +5.3%. DATA +5.2%. SALE +4.7%. TLM +3.8%.
    • Top losers, as of 5:15 p.m.: ININ -13.9%. AEIS -12.8%. ATHN -7.3%. WLK -4.3%. LF -3.4%.
  • Jan. 3, 2014, 3:07 PM
    • The recovery in the solar PV sector (KWT +1.9%; TAN +0.8%) should continue into 2014, Needham says, tapping Advanced Energy (AEIS +1.8%) and SunEdison (SUNE +0.8%) as its top picks in the space.
    • Needham believes the solar sector will continue to improve due to technology approaching grid parity in several unsubsidized markets; increased availability of financing through a number of private funds and public vehicles; a more balanced supply/demand; and reducing cost structure.
    • The firm believes overall worldwide solar installation will grow from 36 GW in 2013 to 42 GW in 2014, driven by rising demand in China, the U.S. and several emerging markets, while demand out of the Europe and Japan will remain stable.
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  • Nov. 5, 2013, 12:46 PM
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  • Sep. 5, 2013, 10:18 AM
    • 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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  • Apr. 30, 2013, 12:46 PM
    Midday top 10 gainers: TTHI +45%. PTIE +26%. DRRX +26%. MTOR +23%. MGAM +20%. OIS +16%. GIB +14%. HGSH +15%. ARWR +13%. TXRH +13%.
    Midday top 10 losers: DCTH -44%. AVEO -26%. NUAN -18%. AOSL -18%. PBI -16%. AEIS -13%. MSTR -10%. ANV -10%. ELTK -10%. SYN -10%.
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  • Mar. 28, 2013, 2:58 PM
    Advanced Energy (AEIS -4.7%) is downgraded to Underperform from Neutral at BAML following a 33% YTD rally. While the firm continues to foresee improving semiconductor fundamentals and continued growth in inverters, the AEIS margin expansion story is well understood and fully reflected in the stock.
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  • Feb. 6, 2013, 10:17 AM
    First Solar (FSLR +3.3%), SunPower (SPWR +3.4%), MEMC (WFR +2.7%), and Advanced Energy (AEIS +4.2%) open higher after Citi's Shahriar Pourreza (taking over from Timothy Arcuri, who left for Cowen) launches coverage with Buy ratings. While believing the solar panel market is becoming commoditized, Pourreza argues buying opportunities exist in companies with strong exposure to construction activity and growth markets. Trina (TSL) and Yingli (YGE) have been started at Hold, and Suntech (STP) at Sell.
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  • May 1, 2012, 9:09 AM
    The solar industry (TAN) may be ready to shine, as Citi analysts point to a potential rise in solar stocks given increased sell-though and production levels. The firm upgrades Yingli Green Energy and SunPower to Buy, and reiterates Buy ratings for Trina Solar, Advanced Energy Industries (AEIS) and MEMC Electronic. YGE +8.5%, SPWR +8.2%, TSL +6%, WFR +4.5% premarket.
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  • Apr. 30, 2012, 4:46 PM
    Advanced Energy Industries (AEIS): Q1 EPS of $0.06 beats by $0.06. Revenue of $105.8M (-23% Y/Y) beats by $5.8M. Shares +3.3% AH. (PR)
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  • Jan. 31, 2012, 2:59 PM
    Advanced Energy Industries (AEIS -4.7%) trades lower after its Q4 revenue came up shy of estimates due to greater than anticipated restructuring charges and weaker capital spending by some of its core customers. Thin film sales declined 29% Y/Y,  primarily due to continued weak market conditions in solar panel and flat panel displays.
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  • Oct. 3, 2011, 12:14 PM
    Advanced Energy (AEIS -7.5%) takes a hit after Needham cuts the shares to hold, citing general weakness in its solar and film businesses.
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  • Sep. 28, 2011, 3:13 PM
    In the face of a challenging market for solar suppliers, Advanced Energy Industries (AEIS +3.3%) announces plans to restructure its manufacturing and R&D operations and cut jobs, primarily in its thin films business unit.
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Company Description
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.