- AEIS has been executing well, but the market didn't like the unexpected announcement of the CEO's retirement, nor guidance that was in line with expectations.
- Semiconductor equipment demand should remain robust in 2021, and AEIS has good leverage to the increasingly sophisticated power demands of leading-edge node production.
- Medical equipment demand should improve as procedure counts normalize and hospitals resume imaging and diagnostic capex; data center is leveraged to an ongoing shift toward 48V power supplies.
- AEIS looks undervalued on long-term revenue growth in the mid-single-digits and double-digit FCF growth.
For further details see:
Advanced Energy Industries Shares Still Offer Upside