- Advanced Energy Industries (AEIS +4.6%) surges 5% after Raymond James upgrades shares to Outperform from Market Perform with a $72 price target, saying the company's 9% free cash flow yield has turned the stock into an appealing deep value story despite slowing organic growth.
- AEIS is a “blend of multiple cyclical businesses, whose cycles may or may not cancel each other out at any given time,” Ray Jay analyst Pavel Molchanov writes.
- Yet clean tech "remains a stock picker's market," and Molchanov also downgrades NextEra Energy Partners (NEP -0.8%) to Market Perform from Outperform, saying NEE's 3.6% yield is by far the lowest among its direct peer group.
- Clean Energy Fuels (CLNE -16%) remains sharply lower after Molchanov's downgrade to Underperform.
Advanced Energy Industries +4% after Raymond James upgrade
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About AEIS Stock
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Symbol | Last Price | % Chg |
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AEIS | - | - |
Advanced Energy Industries, Inc. |