The AES Corporation (AES) : The most positive equity analysts on The AES Corporation (AES) expects the shares to touch $15, whereas, the least positive believes that the stock will trade at $12 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $13.67 with an expected fluctuation of $1.03 from the mean.
The AES Corporation (AES) has seen a rise of 1,372,066 shares or 12% in the short interest. The remaining shorts are 2% of the total floated shares. The net short interest, as on June 30,2016, stood at 12,835,771 shares and the stocks days to cover will be 2 by factoring in the average per day volume of 7,284,868 shares. On June 15,2016, 11,463,705 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
The AES Corporation (NYSE:AES): On Thursdays trading session , Opening price of the stock was $12.64 with an intraday high of $12.68. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.44. However, the stock managed to close at $12.52, a loss of 0.87% for the day. On the previous day, the stock had closed at $12.63. The total traded volume of the day was 2,987,457 shares.
The AES Corporation (AES) is a holding company that operates a portfolio of electricity generation and distribution businesses. The Company is organized into six market-oriented Strategic Business Units (SBUs): the United States, Andes (Chile, Colombia and Argentina), Brazil, MCAC (Mexico, Central America and Caribbean), Europe (formerly EMEA) and Asia. Within these six SBUs, the Company has two lines of business: generation and utilities. Under the generation business line, the Company owns and operates power plants to generate and sell power to customers, such as utilities, industrial users and other intermediaries. Under the utilities business line, the Company owns and operates utilities to generate or purchase, distribute, transmit and sell electricity to end-user customers in the residential, commercial, industrial and governmental sectors within a defined service area. Its utilities also generate and sell electricity on the wholesale market.