Advanced Energy Industries Inc - AEIS STOCK NEWS

Advanced Energy (Nasdaq: AEIS) and Sager Electronics have launched the '3x5 Program', a new initiative to accelerate the delivery of configured modular power supplies. The program allows customers to order up to three configured power supplies with guaranteed delivery in five days or less, significantly reducing lead times for design and testing processes.

The program initially covers Advanced Energy's Artesyn® family of modular power supplies and will later expand to include the Excelsys range. Sager Electronics maintains the largest North American inventory of Advanced Energy's standard and configurable power supplies, enabling quick assembly and shipping of modular solutions.

Advanced Energy Industries (NASDAQ: AEIS) has announced a quarterly cash dividend of $0.10 per share. The dividend will be payable on December 6, 2024 to shareholders of record as of November 25, 2024. The company, a global leader in precision power conversion, measurement, and control solutions, maintains that future dividend declarations and payment dates are subject to board approval.

Advanced Energy Industries (AEIS) reported Q3 2024 financial results with revenue of $374.2 million, exceeding guidance midpoint. The company posted a GAAP loss of $0.38 per share, primarily due to a $28.5 million restructuring charge from manufacturing consolidation. Non-GAAP EPS was $0.98. Cash flow from operations reached $35.4 million.

The company increased its revolving facility capacity by $400 million to $600 million total and repaid $345 million in term loans. For Q4 2024, AEIS guides revenue of $392 million ±$20 million and non-GAAP EPS of $1.08 ±$0.25.

Advanced Energy (Nasdaq: AEIS) has announced key dates for its upcoming financial events. The company will report its third quarter 2024 financial results on October 30, 2024, after market close. A conference call with management will follow at 4:30 p.m. Eastern Time. To participate, investors can dial 877-407-0890 (US) or +1-201-389-0918 (International).

Additionally, Advanced Energy will host its 2024 Analyst Day on November 19, 2024, starting at 12:00 p.m. Eastern Time in New York City. The event will feature presentations from CEO Steve Kelley, CFO Paul Oldham, and other executives, focusing on strategic growth initiatives, market reviews, and updated long-term financial goals. The in-person event will include lunch and product demonstrations, with a remote option available via webcast.

Advanced Energy Industries (Nasdaq: AEIS) will showcase its latest power solutions for data centers at the 2024 OCP Global Summit. The company will feature:

• ORv3 5.5kW HPR PSU and power shelf with peak efficiency near 98%
• New M-CRPS line including CSU 1600AT, CSU 1800AT, and CSU 2000AT
• 1800W Titanium efficiency M-CRPS in 60mm form factor
• Titanium-rated M-CRPS 3600W for AI power needs
• Artesyn® NDQ900 non-isolated DC-DC converter with 96.7% peak efficiency

These solutions aim to support high-density AI accelerated servers and offer input voltage flexibility, high efficiency, and space-saving designs. Advanced Energy will also present on "Requirements and Considerations of Next Generation ORv3 PSU and Power Shelves" at the summit.

Advanced Energy Industries (Nasdaq: AEIS) has announced its 2025-2026 STEM Scholarship Program. The scholarship offers a $20,000 grant for tuition fees, along with professional mentoring and internship opportunities at Advanced Energy sites across the US. The program aims to develop talent in STEM fields, focusing on areas like power electronics, RF, embedded systems, and more.

Eligible students must be enrolled at one of 10 partner universities, including MIT, Stanford, and Colorado State University. The application deadline is October 25. This marks the scholarship's fifth year, with 13 students having received a total of $260,000 in grants to date. The company seeks candidates passionate about STEM who aspire to pursue careers in the industry.

Advanced Energy (Nasdaq: AEIS) has launched a new ultra-efficient DC-DC converter module, the Artesyn® ADH1300-48S28. This 1,300 W device delivers a 28 V output in a half-brick form factor, offering nearly 96% efficiency at full load. Designed for telecom wireless base stations and equipment with radio frequency power amplifiers (RFPAs), it features:

• Compact design ideal for IP-sealed enclosures
• PMBus interface for remote configuration, monitoring, and control
• Wide range of voltage adjustments
• Protection against over-voltage, over-current, and short-circuit conditions

The converter aims to reduce energy consumption, lower operating costs, and enable more compact designs for RFPA applications.

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.