Advanced Energy Stock Price, News & Analysis

Advanced Energy (Nasdaq: AEIS) has completed the acquisition of Versatile Power, a California-based provider of RF and programmable power supplies for medical and industrial uses. This acquisition enhances AE's footprint in the medical sector through advanced technologies and a skilled team. CEO Yuval Wasserman noted that Versatile Power's expertise aligns with their strategy to grow in medical equipment. The deal is expected to be accretive to earnings within the year, although terms of the acquisition remain undisclosed.

Advanced Energy Industries (NASDAQ: AEIS) announced that President and CEO Yuval Wasserman, along with Executive Vice President and CFO Paul Oldham, will present at the 23rd Annual Needham Growth Conference on January 11, 2021, at 2:45 p.m. EST. A video webcast of their presentation will be accessible on the company's investor relations page. Advanced Energy specializes in precision power conversion and measurement solutions across various industries, including semiconductor, manufacturing, and healthcare, showcasing over three decades of innovation.

Advanced Energy Industries, Inc. (NASDAQ: AEIS) has announced the initiation of a cash dividend program, starting from the first quarter of 2021, with a planned regular quarterly dividend of $0.10 per share. This decision reflects the Board's confidence in the company's strategy and its commitment to enhancing shareholder value. Future dividends will depend on Board approval. AEIS specializes in precision power conversion and control solutions across various industries, positioning itself as a leader in innovation and customer collaboration.

Advanced Energy Industries (Nasdaq: AEIS) launched the Excelsys CoolX3000, a modular 3000 W power supply for medical and industrial applications. This platform offers high power density, flexibility, and integrates with digital communication systems, aligning with Industry 4.0 standards. Key features include up to 24 configurable outputs, individual output control, and compliance with stringent safety standards for medical devices. The CoolX3000 enhances AE’s existing CoolX product line, aiming to support OEMs with advanced power solutions and future-proof their systems.

Advanced Energy (Nasdaq: AEIS) has launched a new lighting and power control system designed for indoor and greenhouse farming. This innovative system utilizes LED technology to cut power conversion costs by up to 50%, lower installation and operating costs, and enhance crop yield quality. The system features patented technologies like the iTS™ and iHPS™ power supplies, enabling significant savings in installation costs and eliminating energy waste. Joe Voyles, VP of Industrial Marketing, emphasizes that these advancements can transform farming operations globally, even in harsh environments.

Advanced Energy (Nasdaq: AEIS) has launched the MAXstream™ remote plasma source (RPS) product line, designed for plasma cleaning in semiconductor manufacturing. The MAXstream line offers enhanced power accuracy, reliable ignition, and improved operational efficiency, addressing a $150 million annual RPS market that has seen little innovation. With compatibility for existing systems, MAXstream aims to boost productivity and minimize downtime for customers. The product line includes models with gas flow rates from 3 to 12 liters per minute, meeting diverse customer needs and reinforcing AE's position in semiconductor technology.

Advanced Energy Industries (NASDAQ: AEIS) will participate in two virtual investor conferences: the D.A. Davidson Semicap, Laser & Optical Conference on December 15, 2020, and the 12th Annual Virtual CEO Summit on December 16, 2020. The CEO Summit's sessions will take place from 9:45 a.m. to 2:10 p.m. EST. Interested participants can contact D.A. Davidson for the first conference or RSVP for the CEO Summit through co-chairs Laura Guerrant-Oiye or Claire McAdams. Advanced Energy specializes in precision power conversion and measurement solutions across various industries.

Advanced Energy Industries (NASDAQ: AEIS) announces a Virtual Investor Briefing on December 14 at 4:30 p.m. ET. CEO Yuval Wasserman and senior management will discuss strategic growth initiatives, the Data Center Computing and Industrial & Medical markets, and updates on long-term financial goals. Investors and the public can access the live webcast on the company's investor relations website.

With over 30 years in power solutions, AEIS serves diverse industries, including semiconductor, healthcare, and telecommunications, emphasizing innovation in precision power conversion.

Advanced Energy Industries (NASDAQ: AEIS) will participate in two virtual investor conferences. The Wells Fargo Securities Virtual TMT Summit is scheduled for December 1, 2020, with a presentation at 11:20 a.m. ET. The Raymond James 2020 Technology Investors Conference will follow on December 9, 2020. Investors can access the Wells Fargo webcast on Advanced Energy's website. The company specializes in precision power conversion and control solutions across various industries, including semiconductor equipment and healthcare.