10-May-2024
RBC Capital Reaffirms Their Buy Rating on AES (AES)
TipRanks (Fri, 10-May 9:56 PM ET)
AES Corporation: Strong Buy Rating Amid Growth and Strategic Financial Management
TipRanks (Wed, 8-May 4:05 AM ET)
AES Reports Strong First Quarter Results; Reaffirms 2024 Guidance & Long-Term Growth Rates
PRNewswire (Thu, 2-May 5:18 PM ET)
PRNewswire (Wed, 3-Apr 7:00 AM ET)
AES Reports Record Performance in 2023 & Raises Long-Term Guidance
PRNewswire (Mon, 26-Feb 5:27 PM ET)
AES Announces Quarterly Dividend
PRNewswire (Fri, 23-Feb 5:00 PM ET)
AES is a global power company. 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 May 10, 2024, AES stock price declined to $19.94 with 7,694,584 million shares trading.
AES has a beta of 1.39, meaning it tends to be more sensitive to market movements. AES has a correlation of 0.15 to the broad based SPY ETF.
AES has a market cap of $14.16 billion. This is considered a Large Cap stock.
Last quarter Aes reported $3 billion in Revenue and $.50 earnings per share. This fell short of revenue expectation by $-115 million and exceeded earnings estimates by $.16.
In the last 3 years, AES stock 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, XLU, SPY.
AES stock has underperformed the market in the last year with a return of -8.9%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AES shares. However, AES has outperformed the market in the last 3 month and 2 week periods, returning +22.2% and +16.9%, while SPY returned +4.2% and +2.5%, respectively. This indicates AES has been having a stronger performance recently.
AES support price is $19.45 and resistance is $20.53 (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 stock will trade within this expected range on the day.