ADV ENER INDS (NasdaqNM:AEIS)         Last updated January 08, 2003

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Frederick L Wolf ..... Adams, Harkness & Hill………January 08, 2003

Upgraded to BUY from MARKET PERFORM

AEIS Price day before: $16.00 Finish day of posting:$16.05Current:$22.10

--------July 19, 2002-------

Downgraded to MARKET PERFORM from BUY

Price Target reduced to $22.00 from $37.00 (Hit Target Aug 19, 2003)

AEIS Price day before: $17.85 Finish day of posting:$17.84Current:$22.10

---------------------February 26, 2002--------------

Reiterated BUY

AEIS Price day before: $26.10 Finish day of posting:$27.09Current:$22.10

--------------------------January 11, 2002--------------------

Downgraded to BUY from STRONG BUY

AEIS Price day before: $29.30 Finish day of posting:$28.40Current:$22.10

---------------------December 03, 2001-------------

Upgraded to STRONG BUY from BUY

Price Target raised to $37.00 from $28.00 (Hit target April 16, 2002)

AEIS Price day before: $23.66 Finish day of posting:$22.59Current:$22.10

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????? ................. JP Morgan……..............…November 07, 2002

New NEUTRAL

AEIS Price day before: $14.29 Finish day of posting:$13.26Current:$22.10

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Kevin Vassily .......... Thomas Weisel.......…October 23, 2002

Downgraded to MARKET PERFORM from ATTRACTIVE

AEIS Price day before: $8.52Finish day of posting:$9.44Current:$22.10

---------February 13, 2002--------

Reiterated BUY

Price Target $52.00

AEIS Price day before: $24.90Finish day of posting:$28.94Current:$22.10

----------------------------January 30, 2002-----------------

New BUY

Price Target $52.00

AEIS Price day before: $25.44Finish day of posting:$25.91Current:$22.10

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Robert Stern .............................. Needham.............……October 18, 2002

Maintained HOLD

EPS est reduced 2002 to($0.81)from($0.55) 2003 to($0.11)from$0.05

AEIS Price day before: $7.70Finish day of posting:$8.73Current:$22.10

---------August 09, 2002--------------

New HOLD

AEIS Price day before: $14.76 Finish day of posting:$14.42Current:$22.10

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Timothy W Summers .......... Investec……...........October 18. 2002

Maintained BUY

EPS est reduced 2002 to($0.78)from($0.88) 2003 to($0.55)from($0.17)

AEIS Price day before: $7.70Finish day of posting:$8.73Current:$22.10

----------June 27, 2002---------

Downgraded to BUY from STRONG BUY

AEIS Price day before: $22.56 Finish day of posting:$22.23Current:$22.10

----------------April 02, 2002----------------

New STRONG BUY

Price Target $60.00

AEIS Price day before: $35.80Finish day of posting:$35.16Current:$22.10

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Brett A Hodess .................Merrill Lynch……..............…July 09, 2002

Downgrade to NEUTRAL from BUY (near term)

AEIS Price day before: $20.06 Finish day of posting:$17.25Current:$22.10

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James Covello ..............Goldman, Sachs ....................…May 24, 2002

Downgraded to MARKET PERFORM from OUTPERFORM

AEIS Price day before: $33.75Finish day of posting:$29.88Current:$22.10

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Susan H Billat ........ Robertson Stephens…………………April 18, 2002

Upgraded to BUY from MARKET PERFORM

AEIS Price day before: $37.00Finish day of posting:$37.80Current:$22.10

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