Advanced Energy Industries Inc

Advanced Energy Industries was rebalanced across the Russell index family in late June 2026, moving out of several small-cap indices and into multiple large- and mid-cap benchmarks, including the Russell 1000 and Russell Midcap Index. This migration signals that the company is now being classified more as a larger, value- and growth-oriented entity, potentially broadening its exposure to institutional investors who track these indices. The shift does not fundamentally change the core near-term story, where the key catalyst remains AI data center demand and the biggest risk is hyperscaler spending and semiconductor cycle sensitivity. The recent launch of Advanced Energy's high-efficiency ADH DC-DC converters for AI data centers ties directly into that catalyst, positioning the company's technology in the power-hungry AI server rack trend. Some analysts project revenue of about $3.0 billion and earnings near $657.1 million by 2029, though views on Thailand factory utilization and AI power demand risks vary from the consensus.

Hardman Johnston Global Advisors named Curtiss-Wright Corporation as one of the best contributors to its Large Cap Equity Strategy in the first quarter of 2026. The strategy returned 0.68% gross and 0.57% net, outperforming the S&P 500 Total Return Index which fell 4.33%. Curtiss-Wright, along with Vertiv Holdings and Advanced Energy Industries, benefited from customer order growth that added to already strong backlogs in aerospace and nuclear power. The firm remains confident in Curtiss-Wright's essential role for customers and its solid growth prospects. Curtiss-Wright shares closed at $757.76 on July 1, 2026, with a one-month return of 3.25% and a 52-week gain of 57.98%, giving it a market capitalization of $28 billion.

Hardman Johnston Global Advisors highlighted Advanced Energy Industries as one of the leading contributors to its Large Cap Equity Strategy in the first quarter of 2026. The strategy returned 0.68% gross and 0.57% net, outperforming the S&P 500 Total Return Index which fell 4.33%. Advanced Energy Industries, a provider of precision power conversion and control solutions for semiconductor equipment and data centers, saw customer order growth adding to already strong backlogs. The firm stated it remains confident in the company's essential role for customers and solid growth prospects. Shares of Advanced Energy Industries gained 157.96% over the past 52 weeks and closed at $356.35 on July 1, 2026, with a market capitalization of $14.26 billion.

Hardman Johnston Global Advisors highlighted Vertiv Holdings as a top contributor in its Large Cap Equity Strategy for the first quarter of 2026, citing continued customer order growth that added to already strong backlogs in computing infrastructure. The strategy returned 0.68% gross and 0.57% net during the period, outperforming the S&P 500 Total Return Index which fell 4.33%. Vertiv, a critical infrastructure solutions provider for data centers, closed at $311.42 per share on July 1, 2026, with a market capitalization of $119.61 billion, and its shares gained 143.60% over the past 52 weeks. The firm noted that Vertiv, along with Advanced Energy Industries and Curtiss Wright, benefited from robust backlogs, and expressed confidence in their essential role for customers and solid growth prospects. At the end of the first quarter, 96 hedge fund portfolios held Vertiv, down from 112 in the previous quarter.