The AES Corporation (AES) Receives Price Target

The AES Corporation (AES) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $15 and the lowest price target forecast is $12. The average forecast of all the analysts is $13.6 and the expected standard deviation is $1.14.

The AES Corporation (AES) : 3 brokerage houses believe that The AES Corporation (AES) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on The AES Corporation (AES). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 1.8.


The AES Corporation (NYSE:AES): The stock opened at $12.07 on Thursday but the bulls could not build on the opening and the stock topped out at $12.09 for the day. The stock traded down to $11.85 during the day, due to lack of any buying support eventually closed down at $12.01 with a loss of -0.50% for the day. The stock had closed at $12.07 on the previous day. The total traded volume was 5,600,329 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.

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