AEIS
Advanced Energy Industries Inc
NASDAQ: AEIS · INDUSTRIALS · ELECTRICAL EQUIPMENT & PARTS
$354.97
-8.14% today
Updated 2026-06-05
Market cap
$13.14B
P/E ratio
67.98
P/S ratio
6.90x
EPS (TTM)
$4.83
Dividend yield
0.12%
52W range
$113 – $397
Volume
0.8M
Advanced Energy Industries Inc (AEIS) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed AEIS price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$354.97
Today
Analyst consensus
$358.00
+0.85% · 12M
2030 Base
$436.32
+22.92% future
NPV today
$256.65
@ 12% WACC
12 analysts:
9 Buy2 Hold0 Sell
Management guidance
Management has not provided explicit multi-year revenue targets through 2030 in public guidance. Q1 2026 CEO commentary emphasized 'data center AI demand strength' and 'capacity expansions' ongoing. Company raised Q2 2026 guidance post-earnings, signaling confidence in near-term demand. Specific 2030 targets have not been disclosed, requiring analyst-consensus and TAM-driven extrapolation.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
AEIS · Advanced Energy Industries Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$296.02
NPV today: $174.12
Base case (2030)
$436.32
NPV today: $256.65
Bull case (2030)
$997.52
NPV today: $586.75
WallStSmart.com
AEIS financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $1.8B | $2.4B | $3.1B | $3.9B | $4.7B | $5.4B |
| Revenue growth | 21.4% | 33.3% | 30.0% | 25.0% | 20.0% | 15.4% |
| Net margin | — | 16.2% | 17.8% | 18.7% | 19.0% | 19.1% |
| EPS | $6.41 | $10.20 | $14.50 | $19.00 | $23.20 | $26.80 |
| Diluted shares | — | 38M | 38M | 38M | 38M | 38M |
| Net debt | — | $439.66M | $251.10M | $15.41M | $-267.42M | $-593.77M |
| P/S multiple | — | 3.0x | 3.0x | 3.0x | 3.0x | 3.0x |
| Implied price (base) | — | $177.23 | $238.08 | $304.80 | $372.47 | $436.32 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $5.4B | $5.4B | $5.4B |
| P/S multiple | 2.0x | 3.0x | 7.0x |
| Diluted shares | 38M | 38M | 38M |
| Net debt | $-593.77M | $-593.77M | $-593.77M |
| Implied P/E † | 11x | 16x | 37x |
| 2030 Price | $296.02 | $436.32 | $997.52 |
| NPV @ 12% | $174.12 | $256.65 | $586.75 |
† Implied P/E: Multiples remain elevated across all three scenarios because AEIS is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $436.32 base case
AEIS catalysts and risks
Growth catalysts
+ Hyperscaler AI capex acceleration (Meta, Microsoft, Google multi-year commitments through 2027-2028) driving power conversion and semiconductor equipment demand
+ Semiconductor industry equipment/component demand tied to advanced node production ramp (2.5-3nm and beyond) through 2026-2027
+ Data center power conversion efficiency gains and cooling system adoption driving margin expansion toward 40% gross margin target
+ $1.15B convertible debt refinancing extends maturity to 2031 and funds M&A/capacity expansion, reducing financial constraint on growth
+ Ongoing manufacturing capacity expansions in Thailand and US to support 30%+ revenue growth trajectory
Key risks
- Customer concentration: hyperscaler customers (Meta, Microsoft, Google, AWS) likely represent 40-50% of revenue; spending slowdown would immediately impact growth
- Competitive intensity in power conversion (Corsair, Vertiv, Eaton) and semiconductor equipment (ASML, Applied Materials, Lam Research) could pressure pricing and market share
- AI capex cycle deceleration risk: if hyperscaler capex slows unexpectedly in 2027-2028, revenue growth could fall below projections by 10-20%
- Supply chain constraints and commodity cost inflation could limit gross margin improvement
- High valuation multiple (P/E 65x, P/S 6.25x) leaves limited margin for earnings miss; stock vulnerable to guidance cuts
Methodology · Advanced Energy Industries Inc 2030 stock forecast model
Advanced Energy Industries Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 12 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (-4% cumulative for AEIS by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-593.77M by 2030) |
| 3. Time value | NPV calculated using 12% WACC (CAPM: beta 1.404) |
| 4. Multiple framework | P/S compresses with scale: bear 2.0x / base 3.0x / bull 7.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
AEIS price target FAQ
What is the AEIS price target for 2030?
WallStSmart's Advanced Energy Industries Inc 2030 base case is $436.32 per share, with a bull case of $997.52 and bear case of $296.02. The NPV of the base case discounted to today at 12% WACC is $256.65.
How is the Advanced Energy Industries Inc 2030 stock forecast calculated?
The AEIS 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the AEIS price target account for dilution?
Advanced Energy Industries Inc is projected to grow diluted share count from 40M to 38M by 2030 (a -4% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately -4%.
What is the analyst consensus on AEIS stock?
12 analysts cover AEIS with an average 12-month price target of $358.00. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.