Advanced Energy to explore options for solar inverter ops
The options being considered by Advanced Energy (NASDAQ:AEIS) for its solar inverter ops include "a sale, joint venture, partnership, licensing or other alternatives including additional product line optimization and rationalization, in order to maximize shareholder value." AEIS also says it plans to record a $10M-$14M non-cash inventory charge in Q4 related to "the company's strategic review and resulting retirement of certain central inverter legacy products." Central (string) solar inverters have been losing ground to microinverters. The former are cheaper than the latter, but can also be less reliable and/or efficient. Shares are halted.
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