American Electric Technologies Inc. (NASDAQ: AETI) is an energy company that provides power delivery systems to producers and distributors in the United States and internationally. It is recognized as a leader in energy innovation, despite its small size. American Electric engages in both traditional and alternative energy markets, making it a strong diversified pick for new investors.
The company turned around three solid years of revenue declines in 2018. Total revenue reached $7.59 million, which was an increase of 32.80% year over year. Gross income also increased 71.75% with a full year figure of $1.78 million.
American Electric must ramp up the scale of its output and sign new customers before it can achieve its full potential. Gross profit margin was 23.46% in the previous fiscal year. The company recently received a $750,000 distribution from its joint venture with Chinese company Bomay Electric, highlighting how international expansion is key to its future. It is also in the process of combining with Stabilis Energy, a turnkey natural gas supplier.
Stock has climbed rapidly in 2019, thanks to renewed investor confidence from the previous year results. This stock is one for investors with long term vision. American Electric serves the wider energy industry in both renewable and traditional sectors. It has the technology and innovation to become a leader in alternative energy. Today’s stock price means there’s little risk here, even for very conservative investors.
- 1 Year Price Growth: 88%
- YTD Price Growth: 77%
- 3 Month Price Growth: 47%
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