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AES Corporation (AES) Surges: Stock Moves 7.6% Higher

Zacks Equity Research
Updated

The AES Corporation AES was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $10.58 to $11.04 in the past one-month time frame.

The stock was driven after Jeffrey Ubben joins as the company’s Board of Director, and is likely to enhance the value of renewable energy assets.

The company has not seen any estimate revisions over the past month and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

AES Corporation currently has a Zacks Rank #5 (Strong Sell), while its Earnings ESP is negative.

The AES Corporation Price

The AES Corporation Price | The AES Corporation Quote

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A better-ranked stock in the Utility - Electric Power industry is Pampa Energia S.A. PAM, which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is AES going up? Or down? Predict to see what others think: Up or Down

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The AES Corporation (AES) : Free Stock Analysis Report
 
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Zacks Investment Research