From Financial Modeling Prep: 2025-01-06 19:27:00

Citi analyst upgrades Advanced Energy Industries (NASDAQ:AEIS) to Buy from Neutral, with a price target of $138. Optimism stems from company’s leadership in key markets and potential to benefit from industry trends nearing a cyclical trough.

Advanced Energy’s strong position in plasma power, with innovative products like eVoS, eVerest, and NavX, expected to drive significant revenue growth by second half of 2025. Data center computing segment shows double-digit growth in 2024, with strong demand continuing due to AI-related content expansion.

Despite challenges in industrial, medical, telecom, and network markets, Advanced Energy’s diversified end markets and expanding gross margins position the company for higher valuation compared to three-year average. Ability to navigate market variability and capitalize on growth opportunities in high-demand sectors highlighted.



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