AES - AES: Renewable Utilities With A Continued Upside

2024-07-16 05:50:25 ET

Summary

• AES has delivered a 7.12% RoR inclusive of dividends, slightly below the S&P 500, but with potential for growth and improvement.
• The company is a play on renewables with a growing portfolio of assets, strong customer base, and solid fundamentals.
• AES stock is undervalued compared to the broader market, with a potential 15% annualized upside and a price target of at least $25/share.

Dear readers/followers,

In this article, I'll be taking a look at AES (AES), a company with some renewables at an upside. That is to say, I'll do a follow-up review because my last article on the company was submitted and published in early April of this year. You can find that article here.

While the company unfortunately hasn't outperformed, it has delivered 7.12% RoR inclusive of dividends. This is lower than the S&P 500 at 8.66%, but it's a margin of error below 3%, which I am comfortable with at this time....

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