--- title: "U.S. stock market update: Advanced Energy down 12.83%, rating upgrade fails to stop stock price decline" type: "News" locale: "en" url: "https://longbridge.com/en/news/291579400.md" description: "Advanced Energy fell 12.83%; Flex International fell 11.25%, with a transaction volume of USD 556 million; Ouster fell 16.51%, with a transaction volume of USD 398 million; Tianhong Technology fell 8.18%, with a transaction volume of USD 361 million; TE Connectivity fell 3.04%, with a market value of USD 57.3 billion" datetime: "2026-07-02T18:47:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291579400.md) - [en](https://longbridge.com/en/news/291579400.md) - [zh-HK](https://longbridge.com/zh-HK/news/291579400.md) --- # U.S. stock market update: Advanced Energy down 12.83%, rating upgrade fails to stop stock price decline **U.S. Stock Market Midday Update** Advanced Energy Industries fell 12.83%. Based on recent key news: 1. On July 2, Advanced Energy received a new buy rating, but the stock price still declined. Despite analysts giving a positive rating, investors' close attention to the company's stock performance failed to prevent the price drop. 2. On June 30, Susquehanna raised the target price for Advanced Energy from $430 to $535. Despite the target price increase, the market's reaction to the stock was below expectations, leading to a price decline. 3. On July 1, Wells Fargo analysts upgraded Advanced Energy's rating from neutral to overweight and raised the target price from $345 to $465. The analysts' positive assessment failed to boost the stock price, reflecting a lack of market confidence in the stock. The semiconductor industry has seen increased volatility recently. **Stocks with High Trading Volume in the Industry** Flex International fell 11.25%. Based on recent key news: 1. On July 2, MarketBeat noted that although Flex International currently has a moderate buy rating among analysts, top analysts believe there are five stocks that are more worthy of investment. This news may have led to a decline in investor confidence in Flex International, subsequently affecting its stock price. 2. No other significant news recently. Market volatility has increased, and risks should be monitored. Ouster fell 16.51%. Based on recent key news: 1. On July 2, Ouster announced the pricing of a public offering of 3.62 million shares of common stock at a price of $55.22 per share. This news caused the stock price to drop 6.46% in pre-market trading. The company plans to use the raised funds for working capital and other general corporate purposes. 2. On July 2, Ouster's stock had risen 47% over the past week and 177% year-to-date. However, the pricing of the public offering was at an 8% discount to Wednesday's last closing price, raising market concerns and leading to a price drop. 3. On July 2, analysts rated Ouster as "strong buy" or "buy," with 6 analysts giving buy ratings and 1 giving a hold rating. The median target price from analysts is $42. The market reacted negatively to Ouster's public offering, leading to significant price volatility. Tianhong Technology fell 8.18%. No significant news recently; trading is active, and capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation. no\_news **Stocks with High Market Capitalization in the Industry** TE Connectivity fell 3.04%. Based on recent key news: 1. On July 1, analysts pointed out that the automotive and HVAC markets are weak, and regional vehicle content risks are increasing, leading to a need for TE Connectivity's valuation to be continuously executed. Analysts believe that when demand appears, it could push earnings per share to $5, with stock prices between $75 and $80, but currently, it relies more on demand rather than self-help. This analysis affected market confidence in TE Connectivity, leading to a price drop 2. On July 1st, TE Connectivity announced that it will release its third-quarter results for fiscal year 2026 on July 22nd and hold an investor conference call. The market's uncertainty regarding the upcoming financial report may affect stock price performance. 3. On July 1st, TE Connectivity's stock price rose by 1.7%, but subsequently fell due to overall market volatility. The increased uncertainty regarding the macroeconomic environment has affected the stability of the stock price. 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