AES Rides on Renewable Expansion, Declining Wholesale Prices Ail
AES(AES) ZACKS·2024-06-27 23:15
The AES Corporation (AES) focuses on increasing its renewable energy generation by adding solar, wind and battery energy storage on a regular basis to meet its long-term clean energy goals. The company is also involved in reducing its carbon footprint through the retirement of its coal-fired units. However, this Zacks Rank #3 (Hold) company faces risks like a decline in wholesale prices and an unfavorable financial position, which act as a headwind.TailwindsLike other utility providers, AES Corp. has been ...