Advanced Energy Stock Price, News & Analysis

Advanced Energy has announced the launch of the LGA110D, a 110 amp-rated digital point-of-load DC-DC converter. This product boasts a power conversion density that is 30% higher than competitors, making it ideal for industrial, medical, telecom, and IT applications. The LGA110D achieves over 96% efficiency, reducing power dissipation by 15%. It features dual outputs of 55 amps, allowing for flexible configurations that save space and cut system costs. The converter can be controlled via PMBus digital interface or external resistors, enhancing system integration.

Advanced Energy Industries (NASDAQ: AEIS) has appointed Eduardo Bernal as executive vice president and chief operations officer. Bernal brings over 30 years of experience from NXP Semiconductors and Texas Instruments, where he led global operations. CEO Steve Kelley expressed confidence in Bernal's expertise to enhance performance and customer satisfaction, aiming for growth and profitability. Bernal will be based in Singapore, supporting Advanced Energy's mission in power electronics across various industries.

Advanced Energy Industries (NASDAQ: AEIS) announces participation in several virtual investor conferences in September 2021. Key events include the Jefferies Virtual Semiconductor Summit on September 1, the Citi Global Technology Conference on September 13 at 10:30am ET, and the C.L. King Best Ideas Conference on September 14 at 11:45am ET. Webcasts of the presentations will be available on the company’s investors page. Advanced Energy, based in Denver, Colorado, specializes in precision power solutions across various industries.

Advanced Energy Industries reported Q2 2021 financial results, achieving year-over-year revenue growth of $361.3 million, up from $339.9 million in Q2 2020. GAAP net income was $35.5 million or $0.92 per diluted share, compared to $29.3 million or $0.76 per diluted share in the same quarter last year. The company generated $33.8 million in operating cash flow and repurchased $6.5 million of stock. Additionally, the board authorized a new $200 million stock repurchase. Guidance for Q3 2021 predicts revenues of $340 million +/- $15 million.

Advanced Energy Industries (NASDAQ: AEIS) announces participation in four upcoming investor conferences, showcasing its leadership in precision power solutions. The conferences include the 10th Annual Needham Industrial Technologies 1x1 Conference on August 6, KeyBanc’s Virtual Technology Leadership Forum on August 10 at 12:00 PM ET, Seaport Research Partners Annual Summer Investor Conference on August 24, and Rosenblatt Securities Inaugural Tech Conference on August 25. A webcast of the KeyBanc presentation will be accessible on their investor page.

Advanced Energy (Nasdaq: AEIS) has launched its new Intelligent Laboratory Series™ (iLS™) of programmable DC power supplies, expanding its footprint in the test and measurement market. The series includes the iLS600, iLS600-R, and iLS1500 models, known for their compact design and high power density. Key features include programmable capability, best-in-class measurement accuracy, and a patented wireless remote sense feature to minimize noise. These units offer power outputs from 600 to 1500 watts, along with extensive safety certifications.

Advanced Energy Industries, Inc. (NASDAQ: AEIS) has declared a quarterly cash dividend of $0.10 per share, payable on September 3, 2021 to shareholders of record by August 23, 2021. The dividend reflects the company's ongoing commitment to returning value to shareholders. Future dividends will be subject to the Board of Directors' review and approval. Advanced Energy is a leader in precision power conversion, measurement, and control solutions, serving diverse industries like telecommunications, healthcare, and data centers.

Advanced Energy (Nasdaq: AEIS) will announce its second quarter 2021 financial results before market opening on August 4, 2021. A conference call is scheduled for 8:30 a.m. Eastern Time on the same day. Investors can access a live and archived webcast of the call on the company's website. Advanced Energy specializes in precision power conversion and control solutions for various industries including semiconductor, telecommunications, and healthcare. The company, headquartered in Denver, has four decades of experience in the power solutions sector.

Advanced Energy (Nasdaq: AEIS) announced the acquisition of TEGAM Inc. for $18 million, enhancing its RF power capabilities in semiconductor and industrial markets. TEGAM, based in Geneva, Ohio, generated approximately $10 million in revenue for the fiscal year ending October 2020. The acquisition is expected to be accretive to earnings on a non-GAAP basis in 2021, allowing Advanced Energy to deliver more comprehensive solutions to its customers. This move strengthens Advanced Energy's leadership in precision power measurement and control.