Advanced Energy Industries (AEIS)
|Type||Electronic Instruments & Controls|
|Product or Service||Thin Film Manufacturing|
|Application||Products including photovoltaic panels and power inverters.|
|Location||Fort Collins, CO|
Advanced Energy Industries manufactures thin film products for various markets including solar panels, semiconductors, flat panel displays, cars and window glass. It also makes thermal instrumentation products for advanced temperature control using the thin-film process.
|8/6/2014||Advanced Energy Industries posts a mixed earnings report – revenues are up, profits flat, and net income down. Inverter sales are up 11.0% year-over-year to $64.5 million. AEIS gains 2% on large volume, but remains down 20% for the year. We consider the stock to be Undervalued.||Press release|
|6/4/2014||Advanced Energy Industries CEO Garry Rogerson announces he will step down after three years at the helm. AEIS falls 7%, and is now in negative territory for the year.||Press release|
|5/7/2014||Despite 16% sales growth, Advanced Energy Industries issues guidance below consensus estimates. AEIS drops 21% on huge volume the news.||Reuters article|
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