TD Cowen Has Lowered Expectations for Advanced Energy Industries (NASDAQ:AEIS) Stock Price

Key Points

• TD Cowen cut Advanced Energy Industries’ price target from $370 to $275 and maintained a “hold” rating, implying 13.83% upside from the previous close.
• Despite the downgrade, broader analyst sentiment remains favorable: the stock has a “Moderate Buy” consensus rating and an average price target of $379.17.
• Advanced Energy reported strong quarterly results, with EPS of $3.65 and revenue of $696.4 million beating estimates; revenue rose 50.3% year over year, and fourth-quarter guidance exceeded Wall Street expectations.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) had its price objective cut by equities researchers at TD Cowen from $370.00 to $275.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a "hold" rating on the electronics maker's stock. TD Cowen's target price would indicate a potential upside of 13.83% from the company's previous close.

Several other equities research analysts have also recently weighed in on the stock. Cantor Fitzgerald reiterated an "overweight" rating on shares of Advanced Energy Industries in a research report on Tuesday, September 22nd. Seaport Research Partners raised shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $410.00 target price for the company in a research note on Tuesday, August 4th. Zacks Research lowered shares of Advanced Energy Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, October 23rd. Morgan Stanley set a $375.00 price target on shares of Advanced Energy Industries in a research report on Monday, October 26th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Advanced Energy Industries in a research report on Wednesday, August 26th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $379.17.

Advanced Energy Industries Trading Up 11.2%

AEIS stock traded up $24.40 during trading on Tuesday, hitting $241.59. The company had a trading volume of 237,166 shares, compared to its average volume of 740,034. The stock has a market cap of $9.68 billion, a PE ratio of 45.14 and a beta of 1.31. The business has a 50-day moving average of $265.86 and a 200-day moving average of $307.14. The company has a current ratio of 3.79, a quick ratio of 2.94 and a debt-to-equity ratio of 0.78. Advanced Energy Industries has a one year low of $187.71 and a one year high of $397.44.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The electronics maker reported $3.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.61. The firm had revenue of $696.40 million during the quarter, compared to analyst estimates of $644.85 million. Advanced Energy Industries had a net margin of 10.77% and a return on equity of 20.75%. The company's revenue was up 50.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.74 EPS. Research analysts predict that Advanced Energy Industries will post 9.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Elizabeth Vonne sold 632 shares of Advanced Energy Industries stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $288.14, for a total transaction of $182,104.48. Following the sale, the executive vice president directly owned 9,177 shares in the company, valued at $2,644,260.78. The trade was a 6.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Eduardo Acebedo sold 24,771 shares of the business's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $315.48, for a total transaction of $7,814,755.08. Following the completion of the transaction, the chief operating officer directly owned 23,109 shares in the company, valued at $7,290,427.32. This trade represents a 51.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,218 shares of company stock worth $8,562,008 over the last quarter. Company insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEIS. BlackRock Inc. purchased a new stake in shares of Advanced Energy Industries during the 2nd quarter worth approximately $1,725,045,000. Bank of America Corp DE purchased a new position in Advanced Energy Industries in the second quarter valued at approximately $382,342,000. The Manufacturers Life Insurance Company bought a new position in Advanced Energy Industries during the second quarter valued at $166,162,000. Arrowstreet Capital Limited Partnership grew its holdings in Advanced Energy Industries by 17.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 335,591 shares of the electronics maker's stock valued at $108,299,000 after purchasing an additional 48,842 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Advanced Energy Industries during the second quarter valued at $95,719,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Advanced Energy Industries

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

• Positive Sentiment: Advanced Energy reported third-quarter EPS of $3.65, versus the $3.04 consensus estimate, while revenue reached $696.4 million, ahead of the $644.85 million forecast. Revenue increased 50.3% year over year, and EPS more than doubled from $1.74 a year earlier. Advanced Energy Industries quarterly earnings report
• Positive Sentiment: Management issued fourth-quarter guidance above Wall Street expectations, forecasting EPS of $3.60-$4.20 versus the $3.31 consensus and revenue of $710 million-$760 million versus the $693.2 million estimate. This suggests momentum is continuing into the next quarter.
• Positive Sentiment: Record sales in chip equipment and data-center markets, combined with costs growing more slowly than revenue, significantly improved operating leverage and margins. Management said revenue grew sequentially and year over year across all of its markets. Advanced Energy Reports Third Quarter 2026 Results
• Neutral Sentiment: Robert W. Baird lowered its price target from $410 to $330 but maintained an “outperform” rating. The revised target still implies substantial potential upside from the referenced $217.19 price, indicating confidence in the business but a more cautious valuation view. Robert W. Baird Advanced Energy Industries rating
• Negative Sentiment: The target reduction may temper enthusiasm because it signals that Baird sees less near-term valuation upside than previously expected, even though the analyst remains bullish.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc develops and manufactures precision power-conversion, measurement and control technologies. Its products are designed to regulate, transform and deliver electrical power with high levels of accuracy and reliability in demanding industrial applications.

The company's portfolio includes direct-current and alternating-current power supplies, radio-frequency power systems, high-voltage power supplies, thermal-management equipment, power control modules, and measurement and control instruments.

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