Stock Market Today, March 2: The AES Corporation Drops After $15 Buyout Deal Disappoints Market Expectations
2026-03-02 17:59:58 ET
The AES Corporation (NYSE:AES) , a global power generation and utility company operating in 15 countries, closed Monday at $14.21, down 17.77%. The stock moved lower after news of a $15.00-per-share take-private agreement that fell short of market expectations. Trading volume reached 76.4 million shares, about 673% above its three-month average of 9.9 million shares. The AES Corporation IPO'd in 1991 and has grown 333% since going public.
The S&P 500 finished Monday fractionally higher at 6,880, up 0.02%, while the Nasdaq Composite added 0.36% to close at 22,749. Among electric utilities, industry peers NextEra Energy closed at $92.68 (-1.16%) and Duke Energy finished at $131.65 (+0.61%), reflecting mixed sentiment toward the group.
On Friday, there was speculation that BlackRock’s Global Infrastructure Partners LP and EQT AB were in talks to take AES private, and its stock jumped 6%. However, one trading day later, AES is down 17% after the market learned that the buyout price for the deal would only be $15 per share. Prior to today’s decline, AES was trading above $17 per share.
NASDAQ: AES
AES Trading
0.0% G/L:
$14.175 Last:
6,015,849 Volume:
$14.15 Open:
