Arlington, Virginia-based The AES Corporation (AES) operates as a diversified power generation and utility company. With a market cap of $9.7 billion, the company acquires, develops, owns, and operates renewable energy power plants.
Shares of this clean energy giant have significantly underperformed the broader market over the past year. AES has declined 16.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 36.8%. In 2024, AES stock is down 29.4%, compared to the SPX’s 25.7% rise on a YTD basis.
