AES Stock Summary and Trading Ideas (Aes | NYSE:AES)

AES is a global power company that operates in 15 countries. Its generation portfolio as of year-end 2023 totals over 35 gigawatts, including renewable energy (53%), gas (27%), coal (18%), and oil (2%). AES has majority ownership and operates six electric utilities distributing power to more than 2.5 million customers.

Aes trades on the NYSE stock market under the symbol AES.

As of December 6, 2024, AES stock price declined to $13.05 with 7,892,109 million shares trading.

AES has a beta of 1.06, meaning it tends to be more sensitive to market movements. AES has a correlation of 0.09 to the broad based SPY ETF.

AES has a market cap of $9.28 billion. This is considered a Mid Cap stock.

Last quarter Aes reported $3 billion in Revenue and $.71 earnings per share. This fell short of revenue expectation by $-171 million and exceeded earnings estimates by $.07.

In the last 3 years, AES traded as high as $29.89 and as low as $11.43.

The top ETF exchange traded funds that AES belongs to (by Net Assets): VTI, VOO, VB, VBR, XLU.

AES has underperformed the market in the last year with a price return of -23.4% while the SPY ETF gained +35.2%. AES has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -18.3% and +0.1%, respectively, while the SPY returned +12.8% and +2.1%, respectively.

AES support price is $12.96 and resistance is $13.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AES shares will trade within this expected range on the day.