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12/07/2023 16:10:00 EST
The AES Corporation (AES)
Industry: Utilities - Diversified
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, AES has been trading in a range between $17.21 and $12.91 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
AES is trading between resistance at $19.02 about 5% to the upside and support at $16.79 -8% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $21.04, about a 16% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
The AES Corporation (AES) entered a Green zone 25 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 4.077, which is a Strong Buy. The current analyst target price is $22.6, which gives it a potential upside of 24.38 % from the recent price of 18.17. The stock is trading 59.27% (potential upside) below its 52 week high of $28.94 and 60.8 % (potential downside) above its 52 week low of $11.30 - based on the recent price.
Company Summary
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.
News
| AES to Divest Majority Interest in Vietnam Coal Plant AES' (AES) sale of coal-fired plant in Vietnam will enable it to expand its footprint in the renewables market, while meeting the growing electricity demand. Source: Zacks Investment Research Mon, 04 Dec 2023 09:02:05 -0500 Sentiment: Positive |
| AES Sees Years of Growth Ahead as It Invests More in Clean Energy AES is a globally diversified utility company. Like others in the industry, AES is increasingly focused on clean energy investments. Source: The Motley Fool Sun, 03 Dec 2023 10:22:00 -0500 Sentiment: Positive |
| 5 Relatively Secure And Cheap Dividend Stocks To Invest In - December 2023 This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields just over 3%, we present two other groups of five DGI stocks each, with the goal of moderate to high yields. Source: Seeking Alpha Sat, 02 Dec 2023 09:00:00 -0500 Sentiment: Positive |
| December Looks Great For Investors Who Own 9 Stocks Investors can only hope stocks do as well in December as they did in November. There are definitely some S&P 500 stocks that glisten. Source: Investors Business Daily Fri, 01 Dec 2023 08:00:11 -0500 Sentiment: Positive |
| AES Announces Sale of Mong Duong 2 Plant in Vietnam in Next Decarbonization Milestone ARLINGTON, Va. , Nov. 30, 2023 /PRNewswire/ -- The AES Corporation (NYSE: AES) announced it has reached an agreement with Se.ven Global Investments to sell its 51% equity stake in the Mong Duong 2 coal-fired plant in Vietnam. Source: PRNewsWire Thu, 30 Nov 2023 06:30:00 -0500 Sentiment: Neutral |
Technicals 52 Week Hi: 28.9432 52 Week Low: 11.3031 Beta: 1.08 50 Day MA: 15.3566 200 Day MA: 19.7612 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.458 Qtr Revenue Growth YOY: -0.053 Forward PE: 9.4429 Trailing PE: 0