AES Corporation Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
The AES Corporation (AES) is a diversified power generation and utility organization based in Arlington, Virginia. Established in 1981, it generates an impressive 34,596 megawatts of electricity utilizing various fuels and technologies, including coal, gas, hydro, wind, solar, and biomass. Serving approximately 2.6 million customers across utilities, industrial sectors, and residential users, AES is classified as an Independent Power Producer & Energy Trader within the Utilities sector. The company’s total revenue is estimated at around $12.43 billion, bolstering its strong market presence and financial performance. Currently, AES has a recommendation status to buy, fueled by a target high price of $25.00, presenting significant upside potential and stable returns in the utilities industry.
Market Sentiment and Performance
The current market price of AES shares is $18.90, showing strong potential for appreciation given analysts’ projected mean target price of $22.59, and a bullish target high price of $25.00. The stock’s performance metrics indicate a short interest of around 5.21%, with a notable short interest totaling 24,330,807 shares out of 710,924,032 outstanding shares. This suggests a moderate level of investor confidence, with the majority of stocks held by investors rather than being shorted.
In terms of historical performance, AES stocks have fluctuated considerably within the past year, with a fifty-two-week high of $22.21 and a low of $11.43. Currently, the price sits above its fifty-day moving average of $17.43, indicating a potentially bullish trend. As the market anticipates positive developments, investor sentiment aligns with a favorable consensus of nine analysts, highlighting the likelihood of upward momentum.
Investment Recommendation
Considering the comprehensive analysis of the AES Corporation’s market position, revenue generation, and strong analyst sentiment, a buy recommendation is warranted. With substantial growth potential reflected in the analysts’ price targets, AES presents a compelling investment opportunity for those seeking stable returns in the diversified utilities sector. Investors should watch closely as AES continues its upward trajectory within the evolving energy landscape.
| Metric | Value |
|---|---|
| Market Cap | $13.4b |
| Total Debt | $29.1b |
| Total Cash | $1.8b |
| Shares Outstanding | 710.9m |
| Float Shares | 707.1m |
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