The AES Corporation (AES) : Traders are bullish on The AES Corporation (AES) as it has outperformed the S&P 500 by a wide margin of 4.74% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.16%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.7% in the last 1 week, and is up 2.62% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.59% and the 50-Day Moving Average is 1.75%.The 200 Day SMA reached 16.16% The AES Corporation is up 8.98% in the last 3-month period. Year-to-Date the stock performance stands at 35.12%.
The AES Corporation (AES) : 5 Wall Street analysts covering The AES Corporation (AES) believe that the average level the stock could reach for the short term is $13.7. The maximum price target given is $15 and the minimum target for short term is around $13, hence the standard deviation is calculated at $0.97.
For the current week, the company shares have a recommendation consensus of Buy. The AES Corporation (NYSE:AES): stock was range-bound between the intraday low of $12.35 and the intraday high of $12.57 after having opened at $12.48 on Fridays session. The stock finally closed in the red at $12.48, a loss of -0.08%. The stock remained in the red for the whole trading day. The total traded volume was 5,634,683 shares. The stock failed to cross $12.57 in Fridays trading. The stocks closing price on Thursday was $12.55.
The AES Corporation (AES) is a holding company that operates a portfolio of electricity generation and distribution businesses. The Company is organized into six market-oriented Strategic Business Units (SBUs): the United States, Andes (Chile, Colombia and Argentina), Brazil, MCAC (Mexico, Central America and Caribbean), Europe (formerly EMEA) and Asia. Within these six SBUs, the Company has two lines of business: generation and utilities. Under the generation business line, the Company owns and operates power plants to generate and sell power to customers, such as utilities, industrial users and other intermediaries. Under the utilities business line, the Company owns and operates utilities to generate or purchase, distribute, transmit and sell electricity to end-user customers in the residential, commercial, industrial and governmental sectors within a defined service area. Its utilities also generate and sell electricity on the wholesale market.