Analyst Coverage

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Firm Analyst
Bank of America Merrill Lynch Michael Feniger
Berenberg Capital Markets Andrew DeGasperi
Bernstein Jay Huang
Canaccord Genuity Jed Dorsheimer
CitiAlex Chang
D.A. Davidson Tom Diffely
Edgewater Research Joe Wittine 
Longbow Research Nikolay Todorov
Needham & Company James Ricchiuti
Northcoast Research Tom Hayes
Raymond James Brian Gesuale
Stifel Nicolaus Patrick Ho
The Benchmark Company Mark Miller

IPG Photonics Corporation is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding IPG Photonics Corporation's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of IPG Photonics Corporation or its management. IPG Photonics Corporation does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.