Welcome to our dedicated page for Advanced Energy news (Ticker: AEIS), a resource for investors and traders seeking the latest updates and insights on Advanced Energy stock.
Advanced Energy Industries Inc. designs and manufactures precision power conversion, measurement and control solutions for complex equipment and processes. News about AEIS commonly covers quarterly results, revenue trends in semiconductor equipment, data center computing, industrial and medical, and networking and telecommunications markets, product launches such as AC-DC power supplies, and board-authorized cash dividends.
Company updates also include investor conference participation and management commentary on demand, margins, cash flow, share repurchases and customer adoption of power electronics technologies. Its product categories include plasma power products, power supply units, converters, high-voltage solutions, SCR power controllers, and sensing and measurement solutions.
Advanced Energy (Nasdaq: AEIS) has launched the NCF150 series of high-isolation, low-leakage current AC-DC power supplies. These off-the-shelf products enable medical equipment designers to meet cardiac floating (CF) requirements of the IEC 60601-1 medical safety standard without custom designs. The NCF150 series offers:
- Maximum output power up to 150 W
- Voltages of 12 V, 15 V, 19 V, 24 V, and 48 V
- Optional 5 V standby and 12 V fan output
- Patient leakage current below 10 μA
- EMI Class B, 2 MOPP isolation
- 5 kV defibrillator pulse withstand capabilities
- Universal input of 85 to 264 VAC
- Full-load efficiency greater than 90 percent
This launch aims to help medical OEMs reduce system-level components, minimize system size and cost, and accelerate time-to-market for CF-rated medical equipment.
Advanced Energy (Nasdaq: AEIS) has opened a new design and service center in Wilmington, MA, focusing on developing advanced power technologies for semiconductor, industrial, and medical applications. The state-of-the-art facility combines laboratory and office space for up to 50 employees, supporting AE's rapid growth strategy by enabling the launch of leading technology platforms and reducing time-to-market for new products.
Located in Boston's tech corridor, the center allows AE to tap into local talent and strengthen its leadership in precision power technologies. The facility features cutting-edge labs, modern office space, a gym, and a cafeteria. Strategically positioned near top schools like MIT and Northeastern, AE is actively hiring for key roles to support its expansion efforts.
Advanced Energy Industries (NASDAQ: AEIS) has announced a quarterly cash dividend of $0.10 per share. The dividend will be payable on September 6, 2024 to shareholders of record as of August 26, 2024. This decision was authorized by the company's board of directors. Advanced Energy, a global leader in precision power conversion, measurement, and control solutions, emphasizes that future dividend declarations, including record and payment dates, are subject to board review and approval.
Advanced Energy (Nasdaq: AEIS), a leader in precision power solutions, has announced its participation in several upcoming investor conferences. These events include:
- KeyBanc Technology Leadership Forum on August 6, 2024
- Seaport Research Partners Annual Summer Investor Conference on August 20, 2024
- Jefferies Semiconductor, IT Hardware & Communications Technology Conference on August 27, 2024
- 2024 Semiconductor, IT Hardware & Networking Conference on August 28, 2024
- Benchmark 2024 The, Media & Telecom Conference on September 4, 2024
- Citi 2024 Global TMT Conference on September 5, 2024
The KeyBanc event will feature a presentation at 1:30PM MT, which will be streamed live and available for replay on the company's website.
Advanced Energy Industries (Nasdaq: AEIS) reported strong Q2 2024 results, with revenue of $364.9 million, exceeding expectations. GAAP EPS from continuing operations was $0.41, and non-GAAP EPS was $0.85, both above the mid-point of guidance. The company saw sequential revenue growth in three of its four markets. CEO Steve Kelley highlighted efforts to incorporate AE's technologies into leading-edge systems and execute manufacturing consolidation plans to drive market share gains and profitability improvement.
For Q3 2024, Advanced Energy projects revenue of $370 million ± $20 million, GAAP EPS from continuing operations of ($0.10) ± $0.25, and non-GAAP EPS of $0.90 ± $0.25. The company plans further actions related to its manufacturing consolidation initiatives, with associated charges expected in Q3 2024.
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.
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.
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.
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.
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.