U.S. markets close in 6 hours 20 minutes

AES Corp. (AES) Looks Good: Stock Adds 8% in Session

Zacks Equity Research

The AES Corporation AES was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is down 42.8% in the past one-month time frame.

The company has seen no estimate revisions for the current quarter in the past month, while its Zacks Consensus Estimate has moved higher in the same time frame, suggesting that more solid trading could be ahead for AES Corp. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

AES Corp. currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

The AES Corporation Price

The AES Corporation Price

The AES Corporation price | The AES Corporation Quote

A better-ranked stock in the Utility – Electric Power industry is TransAlta Corporation TAC, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Free: Zacks’ Single Best Stock Set to Double

Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.

This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.

See 5 Stocks Set to Double>>
 


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
The AES Corporation (AES) : Free Stock Analysis Report
 
TransAlta Corporation (TAC) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research