Advanced Energy doubles volume of share-buyback program
FORT COLLINS — Advanced Energy Industries Inc. (Nasdaq: AEIS) is moving to double its stock-buyback target to $50 million in total.
The Fort Collins power controller designer upped the $24.9 million in buybacks it approved in September 2015 to $50 million and removed a previous expiration date, according to filings made Friday with the U.S. Securities and Exchange Commission.
The company’s board did not specifically say when it plans to begin rebuying stock or set a minimum amount of stock to buy back, according to the filing, and reserved the right to end the program at…
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