Advanced Energy Industries, Inc. - Common Stock (AEIS)
111.41
0.00 (0.00%)
Advanced Energy is a leading provider of precision power conversion and control solutions, catering primarily to the semiconductor, industrial, and renewable energy sectors
The company specializes in designing and manufacturing high-performance power supplies and precision instruments that optimize energy efficiency and performance for a wide range of applications. With a commitment to innovation, Advanced Energy plays a vital role in enabling advanced manufacturing processes and supporting the transition to sustainable energy solutions. Their products are essential for improving the reliability and effectiveness of electric systems in various industries, helping customers achieve their operational and sustainability goals.
Advanced Energy trades at $123.46 per share and has stayed right on track with the overall market, gaining 9.2% over the last six months. At the same time, the S&P 500 has returned 8.1%.
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Manufacturing equipment and systems provider Advanced Energy (NASDAQAEIS) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 8.7% year on year to $374.2 million. The company expects next quarter’s revenue to be around $392 million, coming in 1.6% above analysts’ estimates. Its non-GAAP profit of $0.98 per share was 8.1% above analysts’ consensus estimates.
AEIS proposes to acquire XP Power for £19.50 per share in cash, which is a 68% premium to XP Power's closing share price on May 20, 2024. AEIS's CEO believes the deal will benefit both shareholders and customers.
AEIS stock results show that Advanced Energy Indus missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.
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