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Is There Any Steam Left in AES Stock after Such a Steep Rally?

Vincent Kruger
Is There Any Steam Left in AES Stock after Such a Steep Rally?

AES Corporation (AES), one of the smallest constituents of the Utilities ETF (XLU), has surged more than 35% so far this year, beating peers. The stock is currently trading at its four-year high. Its expansion of renewable energy sources and its recently launched LNG terminal in Central America have driven its stock so far this year.