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Advanced Energy Industries, Inc. - AEIS STOCK NEWS

Welcome to our dedicated page for Advanced Energy Industries news (Ticker: AEIS), a resource for investors and traders seeking the latest updates and insights on Advanced Energy Industries stock.

Advanced Energy Industries Inc. (Nasdaq: AEIS) is a renowned leader in designing and manufacturing precision power conversion, measurement, and control solutions for mission-critical applications. With over four decades of expertise, the company delivers advanced power technologies to industries including semiconductor equipment, industrial production, medical and life sciences, data center computing, networking, and telecommunications. Headquartered in Denver, Colorado, Advanced Energy operates globally, offering innovative solutions to complex applications.

Founded in 1981, Advanced Energy has built a diversified and robust business model. Their product portfolio includes thin-film power-conversion systems that transform raw electrical power into customizable, predictable power sources, and power control modules that regulate and measure temperature during manufacturing cycles. The company serves major original equipment manufacturers and end customers across semiconductor, flat panel display, solar panel, and other industrial capital equipment markets.

Recent breakthroughs and initiatives:

  • The launch of the next-generation NeoPower™ product, which boasts a power density of 18 W/in3 and extensive digital communication options, showcases AE's innovation in configurable industrial and medical power supplies.
  • The introduction of the Evergreen™ modular high-power platform with air-cooled Vento™ products significantly enhances high-power, high-efficiency AC-DC power conversion.
  • Advanced Energy's aggressive acquisition strategy, including a potential offer to acquire XP Power Limited, aims to expand its product portfolio and market presence.

Financial Highlights:

  • Q4 2023 revenue: $405 million, with GAAP EPS of $1.01 and Non-GAAP EPS of $1.24. The Industrial and Medical market noted record growth, contributing $474 million in sales.
  • Full year 2023 revenue: $1.66 billion, with GAAP EPS of $3.46 and Non-GAAP EPS of $4.88. The company generated a record $213 million in cash flow from continuing operations.

Partnerships and Collaborations:

  • Advanced Energy is known for its close partnerships with semiconductor and industrial customers, driving perpetual innovation and supporting technical expertise across North America, Europe, and Asia.

Commitment to Future Growth:

Advanced Energy continues to invest in research and development, striving to meet technology advances and propelling customer growth. The company's STEM Scholarship Program is a testament to its dedication to nurturing future talent in science, technology, engineering, and mathematics fields.

For more information, visit www.advancedenergy.com.

Rhea-AI Summary

Advanced Energy (Nasdaq: AEIS), a global leader in precision power conversion, measurement, and control solutions, has announced its second quarter 2024 earnings release date. The company will report its financial results on Tuesday, July 30, 2024, after the market closes. A conference call with management will be held the same day at 4:30 p.m. Eastern Time.

Investors can participate in the live earnings call by dialing 877-407-0890 (US) or +1-201-389-0918 (International). A live webcast will be available on the company's Investors page. A replay of the call will be accessible approximately two hours after the event concludes.

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Advanced Energy has introduced the NavX™ impedance matching network with industry-leading algorithms and direct generator communication, offering precise and repeatable plasma control critical in advanced semiconductor fabrication.

The NavX platform, paired with the eVerest™ generator, forms an advanced RF delivery system, enabling ultra-fast tuning and RF synchronization during multilevel pulse states. Features include selectable tuning algorithms, a +/- 10% frequency span for faster tuning, and IMD immunity for multi-frequency applications. This system is also compatible with PowerInsight IoT for high-resolution data access.

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Advanced Energy (Nasdaq: AEIS) has acquired Airity Technologies, a company specializing in Gallium Nitride (GaN)-based high voltage power conversion products. This acquisition aims to strengthen Advanced Energy's portfolio in semiconductor, industrial, and medical markets by leveraging Airity's high-frequency power conversion technologies. CEO Steve Kelley emphasized that this move would bolster the company's leadership and innovation in precision power conversion. Although financially insignificant for 2024, the acquisition's terms were not disclosed.

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Advanced Energy (Nasdaq: AEIS) announced it will not make an offer to acquire XP Power (LSE: XPP). The company cited a lack of progress in negotiations and the inability to conduct due diligence as key reasons. Public information did not present any additional value that would justify improving their initial offer of 1950p per share. Advanced Energy believes this offer reflected future market potential while accounting for current risks. The decision aligns with their financial discipline and focus on investments that surpass the cost of capital. Advanced Energy remains open to other opportunities in the precision power industry. Following this decision, they are restricted from making any further offers for XP Power for six months, as per the Singapore Takeover Code.

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Advanced Energy (Nasdaq: AEIS) announced the recipients of its 2024 STEM Scholarship Program. Three students, Anjali Murali and Soundarya Sivakumar from Colorado State University, and Kialie Malone from the University of Minnesota, Twin Cities, will each receive a $20,000 grant for tuition, professional mentoring, and an internship opportunity. This program, launched in 2021, aims to support students in pursuing careers in science, technology, engineering, and mathematics. The initiative has, to date, provided support to 12 students from five universities known for excellence in precision power electronics.

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Advanced Energy (Nasdaq: AEIS) has announced a potential all-cash offer to acquire XP Power (LSE: XPP) for £19.50 per share, following previous proposals that were rejected. The latest proposal values XP Power at £468 million, reflecting a 68% premium to the closing share price as of May 20, 2024. Advanced Energy's proposal aims to address liquidity issues and provide significant value to XP Power's shareholders. The acquisition aligns with Advanced Energy's growth strategy in precision power solutions. Advanced Energy plans to fund the acquisition using its cash reserves, amounting to over $1 billion. The proposed acquisition is contingent on XP Power's board engagement and regulatory approvals.

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Advanced Energy (Nasdaq: AEIS) will participate in various upcoming investor conferences to showcase its precision power conversion, measurement, and control solutions. The company will present at conferences hosted by JP Morgan, KeyBanc, TD Cowen, Stifel, and BofA Securities throughout May and June 2024.

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Advanced Energy Industries, Inc. (AEIS) reported first-quarter 2024 revenue of $327.5 million, below expectations, but expects improving demand going forward. GAAP EPS was $0.15, while non-GAAP EPS was $0.58. The company anticipates revenue improvement and higher profitability for the rest of 2024.

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Advanced Energy Industries, Inc. (AEIS) has declared a quarterly cash dividend of $0.10 per share, payable on June 7, 2024, to shareholders of record as of May 27, 2024.
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Advanced Energy (AEIS) will announce its first quarter 2024 financial results on May 1, 2024, after the market closes. The quarterly conference call will take place at 4:30 p.m. Eastern Time on the same day. Investors can join the call through dial-in or webcast.
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FAQ

What industries does Advanced Energy Industries Inc. serve?

Advanced Energy serves industries including semiconductor equipment, industrial production, medical and life sciences, data center computing, networking, and telecommunications.

What is the NeoPower™ product?

The NeoPower™ product is a next-generation configurable power supply with a power density of 18 W/in3 and extensive digital communication options, ideal for industrial and medical applications.

What were Advanced Energy's financial results for Q4 2023?

For Q4 2023, Advanced Energy reported revenue of $405 million, GAAP EPS of $1.01, and Non-GAAP EPS of $1.24.

Where is Advanced Energy headquartered?

Advanced Energy is headquartered in Denver, Colorado, USA.

What are some key products of Advanced Energy?

Key products include thin-film power-conversion systems and power control modules that transform and regulate electrical power for various industrial applications.

How does Advanced Energy support future talent?

Through its STEM Scholarship Program, Advanced Energy provides financial support, mentoring, and internship opportunities to students pursuing careers in science, technology, engineering, and mathematics.

What is the Evergreen™ platform?

The Evergreen™ platform is a next-generation modular high-power solution offering high-efficiency AC-DC conversion with rapid system configuration for various high-power applications.

What is the potential acquisition proposal regarding XP Power Limited?

Advanced Energy has proposed an all-cash offer to acquire XP Power Limited at £19.50 per share, aiming to expand its product portfolio and market presence.

What do Advanced Energy's power solutions enable?

Advanced Energy’s power solutions enable customer innovation in complex applications for a wide range of industries, from semiconductor equipment to telecommunications.

How can I stay updated on Advanced Energy's latest news?

You can visit Advanced Energy's official website at www.advancedenergy.com for the latest news and updates.

Advanced Energy Industries, Inc.

Nasdaq:AEIS

AEIS Rankings

AEIS Stock Data

4.07B
37.44M
0.81%
105.12%
6.39%
Semiconductor and Related Device Manufacturing
Manufacturing
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United States of America
DENVER