A month has gone by since the last earnings report for IPG Photonics (IPGP). Shares have lost about 11.4% in that time frame, underperforming the S&P 500.
The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_REALTIMEBLOG&cid=CS-NASDAQ-FT-realtime_blog-2066848) [IPG Photonics Corporation (IPGP) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=IPGP&ADID=SYND_NASDAQ_TCK_REALTIMEBLOG&cid=CS-NASDAQ-FT-realtime_blog-2066848) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2066848/ipg-ipgp-down-11-4-since-last-earnings-report-can-it-rebound?cid=CS-NASDAQ-FT-realtime_blog-2066848) [Zacks Investment Research](https://www.zacks.com/) We expect an in-line return from the stock in the next few months. Overall, the stock has an aggregate VGM Score of D. Pulsed laser sales declined 9% year over year due to lower demand in cutting and marking applications. Sales decreased 21% in Europe, 3% in North America and 15% in China on a year-over-year basis. Total backlog increased 11% year over year, driven by a 28% increase in frame agreements and a 3% rise in orders with firm shipment dates. Notably, IPG has a Zacks Rank #3 (Hold). Will the recent negative trend continue leading up to its next earnings release, or is IPG due for a breakout? Materials processing (89% of total revenues) decreased 6% year over year. Total backlog was $811 million, consisting of $501 million of orders with firm shipment dates and $310 million of frame agreements.