Advanced Energy Industries: Likely Troughing, But Upside Demands Clarity On The Revenue And Margin Rebound Path
AEISAdvanced Energy(AEIS) Seeking Alpha·2024-04-11 15:36
Paper Boat Creative/DigitalVision via Getty Images Writing about Advanced Energy Industries (NASDAQ:AEIS) in late September, I was concerned about the near-term outlook for semiconductor manufacturing equipment demand as well as key industrial end-markets like manufacturing and automation. Those concerns have definitely played out, as AEIS saw meaningfully weaker demand in the fourth quarter of 2023 and guided substantially below expectations for the first quarter of this year. Unfortunately, this is no ...