The AES Corporation
AES · Price history
Price at last available close
$14.98
+$0.11 (+0.74%) 1M
2026-10-28
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Company & revenue
About The AES Corporation
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
The AES Corporation operates as an international enterprise primarily focused on electricity generation and distribution. Its activities involve both the ownership and management of power plants, producing and supplying electricity to a diverse clientele that includes other utility companies, large industrial consumers, and various intermediate purchasers. Beyond generation, AES also functions as a utility provider, managing infrastructure to either produce or acquire, then transmit, distribute, and ultimately sell power directly to end-users across residential, commercial, industrial, and governmental sectors.
How they make money
The AES Corporation is a holding company that operates a geographically diversified portfolio of electricity generation and distribution businesses. It generates revenue by selling power to utilities, industrial users, and intermediaries, and by distributing electricity to end-user customers in residential, commercial, industrial, and governmental sectors.
Products & services
Electricity generation, transmission, and distribution services, including renewable energy assets and utility infrastructure.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Unnamed suppliers — The company utilizes supplier financing arrangements for various operational needs.Source
Business relationships & partnerships
- Total Energies Renewable Iberica S.L.U. — A joint venture partnership (AES DR Renewables Holdings, S.L.) to operate solar and wind farms in the Dominican Republic.Source
Strengths
- Geographically diversified portfolio of electricity generation and distribution businessesSource
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
50
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
49
Weak
Financial Strength
43
Business Quality / Moat
59
Management
57
Growth Quality
45
Risk / Durability
33
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
63
Fully Valued
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
59/100
Building Historical Record
Model Score 59/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
- •Valuation scores attractively
- •High debt risk
- •M&A headline · Sep 29, 2026
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for AES
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can AES maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can AES fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is AES's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •Is AES's valuation discount tied to a temporary concern or to a longer-term business risk?
- •What does the current high debt stress warning mean for the reliability or interpretation of AES's score?
Essential Investment Snapshot
Wall Street Score
50
Opportunity Score
63
Market Cap
$10.69B
P/E Ratio
5.7
EPS
$2.63
52-Week High
$17.65
52-Week Low
$13.21
Beta
0.95
Intrinsic Value
$22.36
Analyst Target
$16.50
Shares Outstanding
712.0M
Total Revenue
$13.05B
Total Debt
$32.12B
Dividend Yield (TTM)
4.70%
Liquidation Value / Share
$18.01
Dividend / Share (TTM)
$0.70
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for AES
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
High debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
M&A headline · Sep 29, 2026
US lawmakers including Sen. Warren push energy regulators to reject acquisition of power company AES — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
ReutersCommunity Sentiment
0 active · 0 total callsNo personal call yet on AES.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Geographically diversified portfolio of electricity generation and distribution businesses.
Potential downside factors
- −Debt risk (high): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
50
Sep 8, 2026
Change
-0.1
points
Current Score
50
Oct 1, 2026
Category Changes
AES decreased 0.1 points because some fundamentals weakened.
Projected Score
Projected Score
53
Projected Change
+3.4 points
Preliminary comparable-period financial changes suggest improvement of approximately 3.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$14.98
Model Intrinsic Value
$22.36
Difference
−$7.38
-33.0% vs IV
Margin of Safety
33.0%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.05B | $12.23B | $12.28B | $12.68B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $10.40B | $10.02B | $9.96B | $10.16B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $2.65B | $2.21B | $2.32B | $2.52B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $232.0M | $241.0M | $288.0M | $255.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $367.0M | $241.0M | $288.0M | $255.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $4.51B | $2.94B | $3.67B | $2.53B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $2.28B | $1.97B | $2.03B | $2.26B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $1.44B | $1.42B | $1.52B | $1.30B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $1.19B | $20.0M | $868.0M | $72.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $69.0M | -$181.0M | $59.0M | $261.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $1.91B | $949.0M | $1.69B | $242.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $2.63 | $1.26 | $2.38 | $0.37 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 713M | 712M | 705M | 669M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 715M | 712M | 713M | 712M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$3.42B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.60
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+6.1%
Cash Change
+33.3%
Margin Change
+17.3 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
What Weakened
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels, net income margin. Pressure indicators included EPS growth, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 19.9%. EPS declined 500.0%. Cash increased 33.3%. Total debt increased 6.1%. Net income margin improved by 17.3 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
36
Smart Money
36
Number of Gurus
2
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · AES
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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