Aixtron SE receives ‘Overweight’ rating from JPMorgan

JPMorgan has maintained its ‘Overweight’ rating for Aixtron SE. Analyst Craig McDowell noted that the company’s optoelectronics business is performing more strongly than management had previously anticipated.

While the optoelectronics segment provides immediate revenue and earnings momentum, the bank noted that future stock dynamics will depend heavily on new momentum within the deposition equipment sector for Gallium Nitride (GaN) and Silicon Carbide (SiC). The focus for upcoming quarters remains on whether these developments translate into a concrete recovery in orders.