AES Corp (NYSE:AES)
October 16th, 2018
With markets going up AES Corp closed Tuesday up 3.47%, a $0.51 increase to close on $15.36. Furthermore it hit a new 52 week high of $15.38. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.67. The next earnings report is expected in approximately 21 days.
AES outperformed the rest of the Utilities sector which went up 1.16% today.
AES Corp is listed on the S&P 500 index, and was one of 475 stocks that rose today. Weighted by market cap, AES represents about 0.03% of the S&P 500.
Forecasts from 8 analysts points to the possibility that AES Corp could go down somewhat (-5.73%), while Finbox has calculated (with very high uncertainty) a fair value price of $7.06.
Tuesday saw an upward swing in all sectors of the market with Information Technology charging ahead with a 3.02% increase. Information Technology has seen the biggest year-to-date gain at 14%. The biggest loss this year has been the Materials sector declining 9.77%.
Information Technology saw the biggest turnaround from its 5-day performance of -1.72%, as it went up 3.02%.
- Information Technology went up with a 3.02% change.
- Healthcare went up with a 2.90% change.
- Communication Services went up with a 2.34% change.
- Consumer Discretionary went up with a 2.22% change.
- Real Estate went up with a 1.91% change.
- Materials went up with a 1.81% change.
- Industrials went up with a 1.66% change.
- Financials went up with a 1.60% change.
- Utilities went up with a 1.16% change.
- Consumer Staples went up with a 1.05% change.
- Energy went up with a 0.87% change.
AES Corporation is based in Arlington County, United States of America. was founded in 1981.
AES Corp Info
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market. It uses a range of fuels to generate electricity, including natural gas, coal, pet coke, diesel, and oil, as well as renewables, such as hydro, solar, wind, energy storage, biomass, and landfill gas. The company owns and/or operates a generation portfolio of approximately 34,905 megawatts. It has operations in the United States, Chile, Colombia, Argentina, Brazil, Mexico, Central America, the Caribbean, Europe, and Asia. The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000. The AES Corporation was founded in 1981 and is headquartered in Arlington, Virginia.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that AES Corp’s score is 0.67) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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