** Shares of precision power solutions firm Advanced Energy Industries AEIS.O up 1.1% before the bell at $343 after securing capital raise

** Denver, Colorado-based firm late Weds announced pricing offering of $1 bln 0% convertible bonds (CBs) due 2031

** Initial conversion price of $508.78 is 50% above stock's last close of $339.19

** Co expects to pay approx $442.4 mln of net offering proceeds and issue approx 1.98 mln shares in exchange for its outstanding 2.5% CBs due 2028, and remainder for general corp purposes

** It also intends to use $60 mln of proceeds to pay cost of capped calls, derivative transactions employed to mitigate dilution

** AEIS shares, which have roughly $13 bln market cap, up 62% YTD at Weds close

** On May 4, co reported Q1 rev rose 26% yr/yr to $511 mln, surpassing LSEG consensus, as data center computing rev more than doubled

** 9 of 12 analysts rate the stock "strong buy" or "buy", 3 "hold"; median PT of $392.50, per LSEG data