Advanced Energy Industries (AEIS) Is Up 6.91% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Advanced Energy Industries (AEIS) - AEIS currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Price Performance - AEIS shares have increased by 6.91% over the past week, outperforming the Zacks Semiconductor Equipment - Wafer Fabrication industry, which rose by 1.46% [5] - Over the past month, AEIS shares have risen by 27.77%, compared to the industry's performance of 18.2% [5] - In the last quarter, AEIS shares have surged by 43.15%, and over the past year, they have increased by 84.67%, while the S&P 500 has only moved 6.44% and 13.97% respectively [6] Trading Volume - AEIS has an average 20-day trading volume of 586,632 shares, which is a useful indicator for assessing price movements [7] Earnings Outlook - In the past two months, two earnings estimates for AEIS have been revised upwards, with the consensus estimate increasing from $5.68 to $5.79 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions during the same period [9] Conclusion - Given the positive momentum indicators and earnings outlook, AEIS is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]