Professional
Added to YB: 2024-06-07
Pitch date: 2024-05-31
AES [bullish]
The AES Corporation
-31.2%
current return
Author Info
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Company Info
The AES Corporation, together with its subsidiaries, operates as a power generation and utility company in the United States and internationally.
Market Cap
$9.9B
Pitch Price
$20.15
Price Target
28.00 (+102%)
Dividend
5.04%
EV/EBITDA
14.52
P/E
9.21
EV/Sales
3.86
Sector
Independent Power and Renewable Electricity Producers
Category
growth
The AES Corporation: Raising target to $28
AES: Buy w/ $28 PT. Leader in renewables for data centers, IRA benefits. Q1 adj EPS $0.50 vs $0.22, beat est. Raising '24 EPS to $1.94 (11% growth), $2.10 '25 est. 3.2% yield. Backlog 12.7 GW, 40%+ w/ tech cos. Accelerating asset sales to fund growth, affirmed 7-9% LT adj EPS growth thru '27. Trades 11x '24 EPS vs 11-16x history. Risks: weather, regulatory, liquidity.
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