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AES Corp

AES Corp

AES
$14.79USD↓-0.07%-0.01 today

MARKET CAP

10.6B

P/E (TTM)

7.7x

FWD P/E

—

DAY RANGE

$15 – $15

52W RANGE

$12
$18

AI Summary

Stalk
StalkMedium

ADYEN is consolidating within a broader uptrend, with EMAs aligned but momentum paused and RSI neutral. Both long-term and medium-term directional biases remain bullish, yet short-term conditions lack a clear entry signal. Recommend deferring execution and stalking for a pullback into rising 50-day/200-day SMA support around the 14.75–14.61 zone or a breakout above the 15.00–15.10 resistance range before initiating a long position.

  • ↑Q2 2025 adj. EBITDA $681M (+3.5% YoY) with adj. EPS $0.75 (+6% YoY)
  • ↑PPA backlog at 11.7GW, including 2.2GW added in Q2, driven by data-center demand
  • ↓Adverse weather and asset monetization weighed on Q2 EBITDA and margins
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

AES Corporation (NYSE: AES) is a global power company that focuses on renewable energy generation and utility operations. The company is strategically positioned in the energy landscape, predominantly through developing and operating sustainable energy assets while transitioning away from coal. They operate in a sector characterized by increasing demand for renewable solutions, particularly from data centers and other corporate customers. AES is well-established in the energy supply chain, making it a critical player in the ongoing shift towards sustainable energy practices.

Bull says

  • ↑Q2 2025 adj. EBITDA $681M (+3.5% YoY) with adj. EPS $0.75 (+6% YoY)
  • ↑PPA backlog at 11.7GW, including 2.2GW added in Q2, driven by data-center demand
  • ↑Renewables EBITDA expected to grow >60% YoY; $1.8B capex earmarked for growth
  • ↑Returning $500M to shareholders; free cash flow guided at $1.15–1.25B in 2025
  • ↑Maintains investment-grade ratings; high earnings yield and strong momentum factors

Bear says

  • ↓Adverse weather and asset monetization weighed on Q2 EBITDA and margins
  • ↓Balance sheet vulnerabilities from elevated leverage raise financial risk
  • ↓Analyst earnings revisions trending down, signaling potential EPS headwinds
  • ↓High stock volatility and size factor concerns may deter risk-averse investors
  • ↓Execution risk in divesting non-core assets could impair operations
  • ↓Political and regulatory uncertainty may disrupt renewable project pipeline

Investment themes with AES

High Dividend Yield↓ -0.51%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q3 2024 · Mgmt. Guidance

Updated 09-11-2026neutral

Transcript signals

Bull points

  • We are pleased with our performance this year. And today, I will discuss our third quarter results, a robust growth we are seeing at our renewables and U.S. utility businesses, and our progress towards our asset sales target.
  • I'm also very pleased to report that since our last call in August, we have signed or been awarded 2.2 gigawatts of new contracts.
  • This includes both long-term renewable PPAs and new data center load growth at our U.S. utilities.

Bear points

  • At the same time, we now expect adjusted EBITDA to be towards the low end of the guidance range for the year, primarily due to the one-time impact of extreme weather in Columbia and the lower margins in the energy infrastructure SBU.
  • Although we realized $458 million of additional tax value year over year, renewables EBITDA was down $68 million, driven mostly by record-breaking drought conditions in South America.
  • our energy infrastructure SBU was down $221 million, largely due to expected items, which I'll cover in more detail on a later slide.
Read full transcript analysis ›