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Does AES’s Valuation Look Attractive?

Vincent Kruger
Does AES’s Valuation Look Attractive?

AES Corporation (AES) stock was trading at ~$11.0 early this year. It has had a stupendous rally and has significantly outperformed peers by a huge margin. The Utilities Select Sector SPDR ETF (XLU), a representative of the S&P 500 Utilities, has risen around 2% so far this year.