New Strong Sell Stocks for April 29th
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2024
0mins
Source: NASDAQ.COM
Stocks Added to Zacks Rank #5 List:
- Advanced Energy Industries, Inc. (AEIS), American Resources Corporation (AREC), and Anhui Conch Cement Company Limited (AHCHY) have been added to the Zacks Rank #5 (Strong Sell) List.
- The Zacks Consensus Estimate for their current year earnings has been revised downward over the last 60 days.
Zacks Investment Research Offer:
- Zacks Investment Research is offering access to all picks for $1 with no obligation to spend more.
- They aim to introduce users to portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, etc., which closed 228 positions with double- and triple-digit gains in 2023.
Free Stock Analysis Reports:
- Free stock analysis reports are available for Advanced Energy Industries, Inc. (AEIS), Anhui Conch Cement Co. (AHCHY), and American Resources Corporation (AREC).
- Users can download these reports for insights and recommendations from Zacks Investment Research.
Analyst Views on AEIS
Wall Street analysts forecast AEIS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AEIS is 234.38 USD with a low forecast of 190.00 USD and a high forecast of 300.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 275.570
Low
190.00
Averages
234.38
High
300.00
Current: 275.570
Low
190.00
Averages
234.38
High
300.00
About AEIS
Advanced Energy Industries, Inc. provides engineered, critical, precision power conversion, measurement, and control solutions to its customers. The Company designs, manufactures, sells, and supports precision power products that transform, refine, and modify the raw electrical power coming from either the utility or the building facility and convert it into various types of controllable, usable power that is predictable, repeatable, and customizable to meet the necessary requirements for powering a range of complex equipment. The Company's precision power products and solutions are designed to enable new process technologies, improve productivity, and provide critical power capabilities for its customers. Its support services include warranty and non-warranty repair services, calibration, upgrades, and refurbishments of its products. The Company’s products are sold in the Semiconductor Equipment, Industrial and Medical, Data Center Computing, and Telecom and Networking markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
