Mainly, recent financial news incorporated both positive and negative events for The AES Corporation (AES). An achievement was noted in AES completing the first phase of the largest solar-plus-storage project in the U.S. New York State Teachers Retirement System sold 71,129 shares, while various entities such as Vontobel Holding Ltd., Miller Howard Investments Inc. NY, Janney Montgomery Scott LLC, etc., either bought new shares or increased their holdings. Another expansion for AES was the detailing of an LNG Partnership with TotalEnergies in the Caribbean. However, AES experienced a slump when the Senate Bill casted a shadow over data center expectations. Furthermore, the stock underperformed compared to other utility stocks. A key event for AES was securing a major energy partnership with Meta, delivering 650 MW of solar capacity. However, reports of a potential 13.5% rate hike in Indiana due to storm response, infrastructure, and inflation needs have emerged, sparking mixed investor sentiment. Despite risks, industry analysts still recommend AES as an income investment, a potentially undervalued stock, and a good contrarian play in a volatile utility sector.
Aes Corporation AES News Analytics from Fri, 06 Dec 2024 08:00:00 GMT to Sat, 05 Jul 2025 14:04:05 GMT - Rating 2 - Innovation 7 - Information 7 - Rumor 3
