The AES Corporation which can be found using ticker (AES) have now 8 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 33 and 29 calculating the average target price we see $30.75. Given that the stocks previous close was at $23.87 this would imply there is now a potential upside of 28.8%. The 50 day MA is $24.35 and the 200 day moving average is $25.35. The total market capitalization for the company now stands at $16,057m. You can visit the company’s website by visiting: https://www.aes.com
The potential market cap would be $20,685m based on the market consensus.
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market. It uses a range of fuels and technologies to generate electricity, including coal, gas, hydro, wind, solar, and biomass; and renewables, such as energy storage and landfill gas. The company owns and/or operates a generation portfolio of approximately 32,326 megawatts. It has operations in the United States, Puerto Rico, El Salvador, Chile, Colombia, Argentina, Brazil, Mexico, Central America, the Caribbean, Europe, and Asia. The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000. The AES Corporation was incorporated in 1981 and is headquartered in Arlington, Virginia.
The company has a dividend yield of 2.78% with the ex dividend date set at 28-4-2023 (DMY).
