Advanced Energy Industries Inc - AEIS STOCK NEWS

Advanced Energy (Nasdaq: AEIS) launched its 2023 STEM Diversity Scholarship Program to foster diversity in STEM fields. The program awards $20,000 grants, internships, and professional mentoring to students from seven partner universities. This initiative, now in its third year, aims to cultivate underrepresented talent. Applications are currently open with a deadline of January 31, 2023. According to CTO Randy Heckman, the program seeks to enhance the talent pipeline and encourage innovation in the technology sector.

Advanced Energy Industries (Nasdaq: AEIS) has released its first non-isolated bus converter, the NDQ900, designed for 48 V power conversion in compute and telecom applications. This quarter-brick module operates at up to 900 W with efficiencies reaching 97%. Ideal for high-power computing and telecommunications, it features a 40 V to 60 V DC input range and an integrated PMBus interface. The NDQ900 offers advanced thermal management and protection against various electrical conditions, backed by a two-year warranty.

Advanced Energy Industries, Inc. (Nasdaq: AEIS) has launched the Excelsys™ FC1500, an innovative power supply that integrates high voltage capacitor charging with multiple output low voltage AC-DC capabilities. Designed for medical laser and IPL therapy equipment, the FC1500 provides 1500 W constant power and simplifies power requirements by replacing multiple power supplies with a single unit. Key features include a 30% reduction in size, improved reliability, and compliance with safety standards. This product aims to enhance efficiency and reduce treatment times in medical applications.

Advanced Energy Industries has announced a quarterly cash dividend of $0.10 per share, set to be paid on December 2, 2022. Shareholders of record as of November 21, 2022 will receive this dividend. Future dividends and associated dates will require board approval. Advanced Energy specializes in precision power solutions across various industries, including semiconductor, industrial production, and medical sectors, demonstrating a commitment to innovation and customer service.

Advanced Energy Industries, Inc. (Nasdaq: AEIS) announced its participation in several upcoming investor conferences. Key events include the Baird 2022 Global Industrial Conference in Chicago on November 10, 2022, the 6th Annual Wells Fargo TMT Summit in Las Vegas on November 29, 2022, the Raymond James Technology Investors Conference in New York City on December 6, 2022, and the 11th Annual NYC Summit in New York City on December 13, 2022. Interested parties should contact the respective firms for participation details.

Advanced Energy Industries, Inc. (Nasdaq: AEIS) announced third quarter 2022 revenue of $516 million, exceeding guidance and increasing 40% year-over-year. GAAP EPS rose to $1.99, and non-GAAP EPS was $2.12. The company’s strong performance was attributed to improved supply and manufacturing output, with a solid backlog supporting future growth. Cash flow from continuing operations was $65.4 million, with a $2.4 million stock repurchase and $3.8 million in dividends paid. Guidance for Q4 2022 anticipates revenue between $470 million and $490 million.

Advanced Energy (Nasdaq: AEIS) will release its third quarter 2022 financial results on November 1, 2022, after market close. A conference call is scheduled for the same day at 4:30 p.m. ET. Participants can join by dialing 877-407-0890 or +1-201-389-0918 for international calls. A live webcast will be available on the company's Investors page. Advanced Energy specializes in precision power conversion solutions and serves various sectors including semiconductors and data centers.

Advanced Energy Industries, Inc. (NASDAQ: AEIS) has introduced the AE Artesyn AIF42 AC/DC converter, enhancing its position in industrial, robotics, and 5G telecom markets. This 500 W module features 93% efficiency, reducing system size and costs by minimizing the need for external components. Equipped with integrated inrush current limiting and PMBus™ communication, it supports high-performance operations in harsh environments, ensuring reliable performance even at baseplate temperatures up to 100ºC. The module accommodates a 90-264 VAC input range with a 12 V output.

Advanced Energy Industries, Inc. (Nasdaq: AEIS), a leader in precision power solutions, will participate in several upcoming investor conferences in August and September 2022. Notable events include the 11th Annual Needham Virtual Industrial Tech Conference on August 8, D.A. Davidson Big Sky Tech Conference on August 23, Jefferies 2022 Semiconductor Summit on August 30, and Citi's Global Technology Conference on September 7. Interested attendees should contact the respective event representatives for participation.