AES Stock Recent News

AES (AES) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

The surge in artificial intelligence has sparked a growing appetite for energy and power, creating a bullish environment for utilities (XLU). This trend has propelled the sector to outshine the broader market, prompting Evercore ISI to upgrade the utilities sector from In Line to Outperform.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does AES (AES) have what it takes?

ARLINGTON, Va. , Oct. 11, 2024 /PRNewswire/ -- The Board of Directors of The AES Corporation (NYSE: AES) declared a quarterly common stock dividend of $0.1725 per share payable on November 15, 2024 to shareholders of record at the close of business on November 1, 2024.

AES stands as a leader in clean energy. It is the world's top provider of battery-based energy storage.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does AES (AES) have what it takes?

The Utilities sector has surged in 2024, driven by impending interest rate cuts and late-cycle business dynamics. The AES Corporation may be as much as 15–20% undervalued while also offering a 3.59% dividend yield. Its valuation metrics compare favorably to those of larger peers like NextEra Energy and Vistra. AES's aggressive shift to renewables and diverse revenue streams peers position it well for long-term growth, and this is supported by a growing project backlog.

Wall Street surged last week marking strong weekly gains as market watchers raised its expectations for a significant interest rate cut by the Federal Reserve.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does AES (AES) have what it takes?