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Advanced Energy Industries Inc (AEIS.O)

AEIS.O on Nasdaq

76.79USD
25 May 2017
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Latest Key Developments (Source: Significant Developments)

Advanced Energy Industries Inc to wind down Solar Inverter Business
Monday, 29 Jun 2015 04:30pm EDT 

Advanced Energy Industries Inc:Has made a strategic decision to focus solely on its Precision Power business and wind down its Solar Inverter business, which is operated under AE Solar Energy Inc., AEI Power GmbH and their subsidiaries.Expects to record a pre-tax charge of approximately $260 million to $290 million related to the wind down of the Solar Inverter business operations.Majority pre-tax charge will be recorded in the second quarter of 2015.Says company plans to fund the cash costs through internally generated funds.Says anticipates an orderly wind down of the solar inverter business.  Full Article

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