Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for The AES Corp (NYSE: AES) improved during the last several trading days. AES’ current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
The AES Corp (NYSE: AES) stock increased 1.8% on 3/1/24. The shares closed at $15.47. Moreover, this advance was accompanied by above average trading volume at 126% of normal. Relative to the market the stock has been weak over the last nine months and has declined -3.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AES is expected to continue to be a major Value Builder.
AES has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. AES has a neutral Appreciation Score of 59 but a poor Power Rating of 30, leading to the Low Neutral Value Trend Rating.
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