Investigation Overview
April 28, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term stockholders of shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) was initiated concerning whether certain Advanced Energy Industries officers and directors possibly breached their fiduciary duties in connection with certain statements.
The investigation by a law firm concerns whether certain Advanced Energy Industries officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Advanced Energy Industries, Inc. reported that its annual Total Revenue rose from $451.93 million in 2012 to $547.00 million in 2013 and that its respective Net Income increased from $20.58 million to $32.09 million. Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) grew from $8.38 per share in November 2011 to as high as $28.88 per share in February 2014
On April 25, 2014, shares of Advanced Energy Industries, Inc. closed at $23.39 per share.