The AES Corporation (AES) has consistently been considered as one of the top utility stocks that value investors should pay attention to. It recently hit a 52-week low, but analysts believe that the stock is undervalued and has significant upside potential. AES topped the list of largest corporate energy providers globally and continues to expand its renewable energy portfolio despite challenges in the market. Several investment groups and hedge funds raised their stock holdings in AES, attesting to its potential. The company also achieved its 2024 strategic and financial goals. AES Corp has announced a series of notes offerings and refinanced its debt. The company has faced some legal challenges, but succeeded in overcoming them. Its commitment to renewable energy and to growing its presence in the LNG space has been recognized. However, the lack of sufficient growth is hampering the company's share price. Despite some setbacks, AES reported beating estimates and signing of key deals, like the one with Microsoft for solar PPAs. AES still faces challenges, with issues like declining revenues, undercutting its operational growth.
