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AES 
The AES Corporation (AES)
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Upturn Advisory Summary
01/09/2026: AES (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
15 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $15.29
1 Year Target Price $15.29
| 5 | Strong Buy |
| 3 | Buy |
| 5 | Hold |
| 0 | Sell |
| 2 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -30.84% | Avg. Invested days 30 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 10.13B USD | Price to earnings Ratio 9.36 | 1Y Target Price 15.29 |
Price to earnings Ratio 9.36 | 1Y Target Price 15.29 | ||
Volume (30-day avg) 15 | Beta 0.97 | 52 Weeks Range 9.16 - 15.32 | Updated Date 01/9/2026 |
52 Weeks Range 9.16 - 15.32 | Updated Date 01/9/2026 | ||
Dividends yield (FY) 4.87% | Basic EPS (TTM) 1.52 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 8.74% | Operating Margin (TTM) 20.5% |
Management Effectiveness
Return on Assets (TTM) 2.27% | Return on Equity (TTM) 5.11% |
Valuation
Trailing PE 9.36 | Forward PE 6.16 | Enterprise Value 39217359823 | Price to Sales(TTM) 0.84 |
Enterprise Value 39217359823 | Price to Sales(TTM) 0.84 | ||
Enterprise Value to Revenue 3.24 | Enterprise Value to EBITDA 11.92 | Shares Outstanding 712120944 | Shares Floating 708061855 |
Shares Outstanding 712120944 | Shares Floating 708061855 | ||
Percent Insiders 0.46 | Percent Institutions 90.22 |
Upturn AI SWOT
The AES Corporation
Company Overview
History and Background
The AES Corporation was founded in 1981 as Applied Energy Services and has since evolved into a global power generation and distribution company. Initially focused on independent power production, AES has expanded its operations significantly, diversifying its energy sources and geographical reach. Key milestones include its public offering in 1991, rapid international expansion in the late 1990s and early 2000s, and a strategic shift towards renewable energy sources in recent years.
Core Business Areas
- Renewable Energy: Development, construction, and operation of solar, wind, and energy storage projects globally. This segment is a major focus for future growth.
- Utilities: Ownership and operation of regulated utilities in various markets, providing electricity and related services to residential, commercial, and industrial customers.
- Energy Storage: Deployment and management of battery energy storage systems to enhance grid stability and integrate renewable energy sources.
- Thermal Generation: Operation of fossil fuel-based power plants, often used for baseload power and providing essential grid services, though transitioning to cleaner alternatives.
Leadership and Structure
The AES Corporation is led by a Board of Directors and a senior executive team. Key leadership positions include the Chief Executive Officer (CEO), Chief Financial Officer (CFO), and various divisional presidents overseeing different business segments and geographic regions. The company operates through a matrix structure, with global functional leadership and regional operational management.
Top Products and Market Share
Key Offerings
- Renewable Energy Projects (Solar, Wind): Development and operation of utility-scale solar and wind farms. Market share is fragmented globally, with AES being a significant player in specific regions. Competitors include NextEra Energy (NEE), Brookfield Renewable Partners (BEP), and numerous smaller independent power producers.
- Electricity Distribution and Retail: Provision of electricity to end-users through its regulated utility businesses. Market share is specific to the regions where AES operates its utilities. Competitors vary by region but include other utility companies and energy retailers.
- Battery Energy Storage Systems (BESS): Installation and operation of large-scale battery storage solutions to support grid reliability and renewable integration. This is a growing market with increasing competition from specialized energy storage companies and traditional power providers.
Market Dynamics
Industry Overview
The global energy industry is undergoing a significant transformation driven by the transition to cleaner energy sources, increasing demand for electricity, and advancements in energy storage technologies. Regulatory policies, climate change concerns, and technological innovation are key drivers shaping the sector. There is a growing emphasis on decarbonization, grid modernization, and the integration of renewable energy.
Positioning
AES is positioned as a leading global power company with a strong focus on clean energy solutions and grid modernization. Its competitive advantages include a diversified portfolio of generation and distribution assets, extensive experience in renewable energy development and integration, and a robust global presence. The company's strategy emphasizes expanding its renewable and energy storage footprint.
Total Addressable Market (TAM)
The total addressable market for electricity generation, distribution, and related energy services is vast and growing, encompassing global electricity demand. Projections for the global renewable energy market alone are in the trillions of dollars over the next decade. AES is well-positioned to capture a significant portion of this TAM, particularly within its operational regions and through its strategic focus on renewables and energy storage solutions.
Upturn SWOT Analysis
Strengths
- Diversified energy portfolio with a growing renewable segment.
- Strong global presence and operational experience.
- Established relationships with regulators and customers.
- Significant investments in and expertise in energy storage solutions.
- Commitment to sustainability and decarbonization goals.
Weaknesses
- Exposure to regulatory and political risks in various jurisdictions.
- Reliance on a mix of energy sources, including some fossil fuels which may face future restrictions.
- Capital-intensive nature of the business, requiring substantial investment.
- Potential for project delays and cost overruns in large-scale developments.
Opportunities
- Continued global growth in renewable energy adoption.
- Increasing demand for energy storage solutions to support grid stability.
- Government incentives and policies supporting clean energy transitions.
- Expansion into new markets and development of innovative energy services.
- Leveraging digitalization and advanced analytics for operational efficiency.
Threats
- Volatile commodity prices (e.g., natural gas).
- Increasing competition from new market entrants and technologies.
- Changes in government regulations and environmental policies.
- Cybersecurity risks to energy infrastructure.
- Extreme weather events impacting operations and infrastructure.
Competitors and Market Share
Key Competitors
- NextEra Energy (NEE)
- Duke Energy Corporation (DUK)
- Southern Company (SO)
- Dominion Energy (D)
- American Electric Power (AEP)
Competitive Landscape
AES competes in a highly competitive and dynamic energy market. While it holds a strong position in certain regions and renewable energy segments, it faces formidable competition from larger, more diversified utilities and specialized renewable energy developers. AES's advantage lies in its agility in developing and integrating renewable and storage solutions, and its global reach, whereas larger competitors benefit from scale, established infrastructure, and deep regulatory relationships. The increasing focus on sustainability and decarbonization creates opportunities for all players, but also intensifies competition.
Major Acquisitions
U.S. Renewables Platform
- Year: 2023
- Acquisition Price (USD millions): 400
- Strategic Rationale: To significantly expand its renewable energy development pipeline in the United States and accelerate its carbon-free energy transition goals.
Celsia's 49.5% Stake in AES Gener
- Year: 2021
- Acquisition Price (USD millions): 700
- Strategic Rationale: To increase its ownership and control in a key South American renewable energy subsidiary, enhancing its ability to drive growth and strategy in the region.
Growth Trajectory and Initiatives
Historical Growth: AES has experienced significant historical growth, evolving from a small independent power producer to a global energy solutions provider. Its growth has been fueled by strategic acquisitions, organic development of new projects, and expansion into new geographic markets. The past decade has seen a notable acceleration in its transition towards a cleaner energy portfolio.
Future Projections: Future growth for AES is projected to be driven by the expansion of its renewable energy (solar and wind) and energy storage portfolios. Analyst estimates typically forecast continued increases in renewable capacity, leading to revenue and earnings growth. Projections also account for ongoing investments in its utility businesses and the integration of new technologies.
Recent Initiatives: Recent strategic initiatives by AES include significant investments in renewable energy development across the Americas and Europe, expansion of its energy storage solutions, and strategic partnerships to accelerate the deployment of clean energy technologies. The company has also focused on optimizing its existing asset base and divesting non-core assets to streamline operations and fund growth.
Summary
The AES Corporation is a strong player in the evolving energy landscape, particularly with its strategic focus on renewable energy and energy storage. Its diversified portfolio and global reach provide resilience, while ongoing investments in clean technologies position it for future growth. However, the company must navigate regulatory uncertainties and intense competition from both established utilities and emerging energy firms. Continued execution on its renewable development pipeline and operational efficiency will be key to its sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- The AES Corporation Investor Relations
- SEC Filings (10-K, 10-Q)
- Financial Data Providers (e.g., Refinitiv, Bloomberg)
- Industry Analyst Reports
- Company Press Releases
Disclaimers:
This analysis is based on publicly available information and AI interpretation. It is not financial advice. Investors should conduct their own due diligence before making investment decisions. Market share data is an estimation and can vary based on specific market definitions and reporting periods.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About The AES Corporation
Exchange NYSE | Headquaters Arlington, VA, United States | ||
IPO Launch date 1991-06-25 | President, CEO & Director Mr. Andres Ricardo Gluski Weilert Ph.D. | ||
Sector Utilities | Industry Utilities - Diversified | Full time employees 9100 | Website https://www.aes.com |
Full time employees 9100 | Website https://www.aes.com | ||
The AES Corporation, together with its subsidiaries, operates as a power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; 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 various fuels and technologies to generate electricity, such as coal, gas, hydro, wind, solar, and biomass, as well as renewables comprising energy storage and landfill gas. The company owns and/or operates a generation portfolio of approximately 32,109 megawatts and distributes power to 2.7 million customers. 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 incorporated in 1981 and is headquartered in Arlington, Virginia.
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