Advanced Energy Industries (NASDAQ:AEIS) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup raised its price target to $410 and kept a "buy" rating on AEIS, implying about a 14% upside, joining other analysts who have lifted targets and leaving a consensus "Moderate Buy" with an average target near $358.
• AEIS posted a strong Q1 beat with EPS of $2.09 vs. $1.97 expected and revenue of $511M (+26% y/y), highlighted >40% non‑GAAP gross margin, doubled data‑center revenue tied to AI demand, and provided Q2 revenue guidance of $520–$560M and EPS $1.93–$2.43.
• Insider selling and inventory build present near‑term risks — CEO Stephen Kelley sold 50,000 shares (insiders sold ~58,478 shares worth ~$18.6M) and Q1 showed a ~$48M inventory increase that produced an operating cash outflow.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) had its price target hoisted by equities researchers at Citigroup from $385.00 to $410.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the electronics maker's stock. Citigroup's price objective would suggest a potential upside of 14.18% from the company's current price.

A number of other equities analysts have also recently commented on the stock. Zacks Research cut shares of Advanced Energy Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 9th. Robert W. Baird boosted their price target on shares of Advanced Energy Industries from $360.00 to $380.00 and gave the company an "outperform" rating in a report on Tuesday. Susquehanna lifted their price objective on shares of Advanced Energy Industries from $375.00 to $430.00 and gave the stock a "positive" rating in a research report on Tuesday. Wells Fargo & Company boosted their target price on shares of Advanced Energy Industries from $340.00 to $345.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, Bank of America upped their price objective on shares of Advanced Energy Industries from $260.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, January 22nd. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $358.00.

Advanced Energy Industries Price Performance

Shares of AEIS stock traded up $13.46 on Wednesday, hitting $359.09. 643,193 shares of the stock traded hands, compared to its average volume of 723,449. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of 75.47, a PEG ratio of 2.80 and a beta of 1.40. The firm has a 50 day simple moving average of $342.18 and a two-hundred day simple moving average of $270.34. Advanced Energy Industries has a 52 week low of $107.29 and a 52 week high of $397.44.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its earnings results on Monday, May 4th. The electronics maker reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.12. The company had revenue of $511.00 million during the quarter, compared to analysts' expectations of $505.81 million. Advanced Energy Industries had a net margin of 10.00% and a return on equity of 18.25%. Advanced Energy Industries's quarterly revenue was up 26.3% on a year-over-year basis. During the same period last year, the company posted $1.23 earnings per share. Advanced Energy Industries has set its Q2 2026 guidance at 1.930-2.430 EPS. Sell-side analysts forecast that Advanced Energy Industries will post 7.14 EPS for the current year.

Insiders Place Their Bets

In other Advanced Energy Industries news, CEO Stephen Douglas Kelley sold 50,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $316.62, for a total transaction of $15,831,000.00. Following the completion of the transaction, the chief executive officer owned 80,376 shares of the company's stock, valued at $25,448,649.12. This trade represents a 38.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian Shirley sold 1,234 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $310.19, for a total transaction of $382,774.46. Following the transaction, the director directly owned 5,584 shares of the company's stock, valued at approximately $1,732,100.96. This trade represents a 18.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 58,478 shares of company stock valued at $18,567,013. Corporate insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Main Street Group LTD purchased a new position in shares of Advanced Energy Industries in the first quarter valued at approximately $40,000. Bessemer Group Inc. lifted its stake in Advanced Energy Industries by 82.6% in the first quarter. Bessemer Group Inc. now owns 74,154 shares of the electronics maker's stock worth $23,931,000 after acquiring an additional 33,555 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Advanced Energy Industries by 719.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 18,682 shares of the electronics maker's stock worth $6,218,000 after acquiring an additional 16,403 shares during the last quarter. Independent Financial Group LLC purchased a new position in Advanced Energy Industries in the first quarter worth approximately $428,000. Finally, Hillsdale Investment Management Inc. raised its holdings in Advanced Energy Industries by 2,644.4% during the first quarter. Hillsdale Investment Management Inc. now owns 1,235 shares of the electronics maker's stock worth $399,000 after purchasing an additional 1,190 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

Key Stories Impacting Advanced Energy Industries

Here are the key news stories impacting Advanced Energy Industries this week:

• Positive Sentiment: Q1 results beat expectations — AEIS reported non-GAAP EPS of $2.09 vs. ~$1.97 consensus and revenue of $511M (up ~26% y/y); management also delivered non-GAAP gross margin above 40%, supporting the bullish case. Advanced Energy Reports First Quarter 2026 Results
• Positive Sentiment: Data-center demand is accelerating — commentary and analyst pieces highlight that data-center revenue roughly doubled, a key growth vector tied to AI infrastructure spending. Advanced Energy: Data Center Revenue Doubles
• Positive Sentiment: Analysts are raising targets — several shops (Needham, Baird among them) lifted price targets and some reiterated buy/outperform ratings, reflecting confidence in near-term growth. Analyst Coverage & Price Target Moves
• Neutral Sentiment: Management signaled earnings momentum on the Q1 call and issued Q2 guidance (revenue $520M–$560M; EPS $1.93–$2.43) — revenue guidance is in line with consensus but the EPS band leaves room for interpretation. Q1 Slide Deck / Press Materials
• Neutral Sentiment: Board authorized a small quarterly cash dividend (record May 25; payable June 5) — modest yield but signals capital return discipline.
• Negative Sentiment: Q2 guidance nuance and inventory build spooked traders — the low end of the EPS range was slightly below some Street models, and Q1 showed an operating cash outflow tied to a ~$48M inventory increase to support demand, raising short‑term quality‑of‑earnings and working-capital questions. AEIS slides as Q2 outlook underwhelms
• Negative Sentiment: Late-session profit-taking / market repricing — several reports note the stock sold off after the report as investors digested guidance, cash flow dynamics and recent insider selling activity. Advanced Energy Industries Tops Views, But Stock Tumbles Late

About Advanced Energy Industries

Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.

Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.

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