The AES Corporation (AES), headquartered in Arlington, Virginia, is a diversified power generation and utility company with a market cap of $14.17 billion. The company owns and/or operates power plants to generate and sell power to customers, owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers, and generates and sells electricity on the wholesale market. It generates electricity using coal, gas, hydro, wind, solar, and biomass.
Shares of this leading energy company have underperformed the broader market considerably over the past year. AES has declined 9.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 26.6%. But in 2024, the gap has narrowed, with AES stock rising 3.7%, while the SPX is up 9.5% on a YTD basis.
