AES - AES: A Value Play With An Upside
2024-04-09 23:02:21 ET
Summary
- AES Corporation is a US-based utility focused on renewable energy with a growing portfolio and strong customer base.
- The company's credit rating and dividend yield are not impressive, but it offers potential for double-digit growth.
- AES is undervalued with a P/E ratio of less than 10.5x, presenting a significant upside potential for investors.
Dear readers/followers,
In this article, I'll give you my first article on the AES Corporation ( AES ). The company is a US-based utility with a potentially fairly decent upside. Like many of the utilities around the globe at this time, the company is fairly heavily weighted towards becoming a champion renewable player. The company is headquartered in Arlington, and the abbreviation AES stands for Applied Energy Services - which also was the company's name until the year 2000, with a founding 43 years ago back in the early 80s.
The company manages revenues of over $12B and a net income of about a quarter-billion on top-line sales. Now, AES is an international player. The company sells power in 15 countries, employs over 10,000 people and is also a member of the Fortune 500....
AES: A Value Play With An Upside