Advanced Energy Industries (AEIS) designs, manufactures, sells, and supports power conversion and control products that transform power into various usable forms.
It offers process power systems, including direct current (DC), pulsed DC, low frequency, high voltage, and radio frequency (RF) power supplies, as well as matching networks and remote plasma sources for reactive gas applications and RF instrumentation.
The company also provides power control modules and thermal instrumentation products for rapid thermal processing, chemical vapor deposition, crystal growing, and other semiconductor and solar applications, as well as in chemical processing, glass manufacturing, and other general industrial power applications; and high voltage products for various applications, including semiconductor wafer processing and metrology, scientific instrumentation, mass spectrometry, industrial printing, and analytical x-ray systems. In addition, it offers repair, conversions, upgrades, and refurbishments services.
The company markets and sells its products through direct sales force, independent sales representatives, and distributors in the United States, Europe, and Asia. Shares are heading higher in an upward trading channel. The lower boundary of the said channel coincides with the stock's 50-day moving average (shown in green). The company is scheduled to report its quarterly results on May 1, 2017.
Entry Point: $67.75
52-Weeks Trading Range: $31.98 - $70.64
Stop Loss: $64.00
Target Price: $74.50
AEIS closed at $75.20