Virginia-based The AES Corporation (AES) is a global energy company and major player in power generation and utilities, with operations spanning the United States and multiple international markets. AES has a market capitalization of $9.9 billion, and it owns and operates a diversified portfolio of power plants and utility systems that generate, transmit, distribute, and sell electricity to residential, commercial, industrial, and governmental customers.
Companies with a valuation between $2 billion and $10 billion are typically labeled “mid-cap stocks.” AES neatly falls into this group, indicating a meaningful scale and strong influence within the diversified utilities sector. AES serves millions of customers through regulated utilities and wholesale power contracts and has a global installed capacity of over 32,000 megawatts. Its business structure comprises utility operations (regulated distribution), energy infrastructure, renewable energy development, and emerging technologies such as grid storage and hybrid systems. The company is also expanding long-term power purchase agreements, particularly for corporate customers and data centers.
