Advanced Energy Industries Gets a Buy Rating from Needham

Needham analyst Edwin Mok reiterated a Buy rating on Advanced Energy Industries (NASDAQ: AEIS) yesterday and set a price target of $80. The company’s shares closed yesterday at $78.32.

According to, Mok is a 5-star analyst with an average return of 14.6% and a 65.5% success rate. Mok covers the Consumer Goods sector, focusing on stocks such as SolarEdge Technologies, Axcelis Technologies, and Ultra Clean Holdings.

Advanced Energy Industries has an analyst consensus of Moderate Buy, with a price target consensus of $80.

Advanced Energy Industries’ market cap is currently $3.13B and has a P/E ratio of 19.88. The company has a book value ratio of 6.4450.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AEIS in relation to earlier this year. Earlier this month, Thomas Mcgimpsey, the EVP Gen Counsel & Corp Sec of AEIS bought 9,714 shares for a total of $144,895.

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Advanced Energy Industries, Inc. designing, manufacturing, selling and supports power conversion products and solutions that transform power into various usable forms. Its products enable manufacturing processes that use thin-films for products, such as semiconductor devices, flat panel displays, thin film renewable, hard and industrial coatings and architectural glass. The company also supplies thermal instrumentation products for advanced temperature control in the thin-film and other thermal processes for these same markets as well as remote plasma sources that are used in the thin films processing industries and in gas abatement applications. Its solar inverter products support renewable power generation solutions for primarily commercial, and utility-scale solar projects and installations. Advanced Energy Industries was founded by Douglas S. Schatz in 1981 and is headquartered in Fort Collins, CO.