Short interest for AES gives investors a sense of the degree to which investors are betting on the decline of AES's stock. Short interest data is updated every two weeks.

AES Stock (NYSE:AES), Short Interest Report

AES is a global power company. Its generation portfolio as of year-end 2023 totals over 35 gigawatts, including renewable energy (53%), gas (27%), coal (18%), and oil (2%). AES has majority ownership and operates six electric utilities distributing power to more than 2.5 million customers.

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The AES Corp

AES Corp 6.875% Corp Unit 02/15/2024

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Guidance

AES Reaffirms FY24 Adj. EPS $1.87-$1.97 Vs $1.91 Est.

AES (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) reported quarterly earnings of $0.50 per share which beat the analyst consensus estimate of $0.34 by 47.06 percent. The company reported quarterly sales of $3.085 billion which missed the analyst consensus estimate of $3.197 billion by 3.51 percent. This is a 4.75 percent decrease over sales of $3.239 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

AES Q1 2024 Adj EPS $0.50 Beats $0.34 Estimate, Sales $3.085B Miss $3.197B Estimate

If you were asked at the beginning of 2024 to imagine the top sectors of the S&amp;P 500 for the first four months of the year, you&#8217;d likely have pegged technology and consumer services as the frontrunners, leaving others far behind. 
If someone had told you that utilities, the underperformers of 2023 with a 7% drop, would outperform the tech sector, you&#8217;d probably have thought they <a href="https://www.benzinga.com/general/biotech/24/04/38535093/april-showers-on-wall-street-miners-utilities-emerge-as-bright-spots-in-gloomy-market">were pulling your leg.</a>
Against all odds, here we are. Since the start of the year, tech is now up 2.6%, while utilities surged over 8%. 
Amid market pullbacks over the past month, utilities emerged as the unlikely victors, defying the prevailing trend and surging in year-to-date performance rankings against tech stocks.
While the tech sector dipped by nearly 5% in the last month, utilities rallied by about 4%, showcasing a remarkable rebound. 
It&#8217;s akin to the adage: &#8220;When the going gets tough, the tough get going.&#8221;
Back in 2022, amid Fed Chair Jerome Powell&#8216;s aggressive interest rate hikes, utilities stood as the lone survivor in the market bloodbath, apart from the exceptional performance of the energy sector. In that year, technology endured a 27% loss, and communication services suffered a staggering 37% decline.
Performance of S&amp;P 500&#8217;s Sectors: Last Month, Full-Year 2023 and 2022
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Sector</th>
<th>Total Return (1-month)&#x2A;</th>
<th>Total Return (2023)</th>
<th>Total Return (2022)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>3.96%</td>
<td>-7.18%</td>
<td>1.44%</td>
</tr>
<tr>
<td>Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>0.67%</td>
<td>-0.82%</td>
<td>-0.81%</td>
</tr>
<tr>
<td>Consumer Discretionary&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>-1.68%</td>
<td>39.64%</td>
<td>-36.27%</td>
</tr>
<tr>
<td>Industrials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>-1.99%</td>
<td>18.13%</td>
<td>-5.57%</td>
</tr>
<tr>
<td>Health Care&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>-2.39%</td>
<td>2.07%</td>
<td>-2.08%</td>
</tr>
<tr>
<td>Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>-2.84%</td>
<td>12.03%</td>
<td>-10.59%</td>
</tr>
<tr>
<td>Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>-3.40%</td>
<td>52.82%</td>
<td>-37.63%</td>
</tr>
<tr>
<td>Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>-3.69%</td>
<td>-0.63%</td>
<td>64.32%</td>
</tr>
<tr>
<td>Materials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>-3.75%</td>
<td>12.46%</td>
<td>-12.30%</td>
</tr>
<tr>
<td>Real Estate&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>-4.31%</td>
<td>12.36%</td>
<td>-26.25%</td>
</tr>
<tr>
<td>Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>-4.78%</td>
<td>56.02%</td>
<td>-27.73%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">&#x2A;1-month return as of May 2, 2024</figcaption></figure>
<h3 class="wp-block-heading">Why Are Utilities Rallying?</h3>
The utilities rally over the last month has been widespread, with 28 out of 30 components of the XLU ETF showing positive performance.
Notably, utilities have perfectly embodied their defensive role, characterized by companies with stable and predictable cash flows, which become increasingly attractive to investors amid uncertainty elsewhere.
Following a string of higher-than-expected inflation data and after the 2-year Treasury yields surpassed a 5% yield, markets approached the May 1 Federal Reserve meeting with a heightened fear of a hawkish shift.
However, this scenario did not materialize, with Powell dispelling fears of an interest rate hike, though also indicating that rate cuts <a href="https://www.benzinga.com/markets/equities/24/05/38563545/powell-keeps-hawks-at-bay-says-interest-rate-hike-unlikely-stocks-gold-rally-while-treasury-yiel">are not in scope at this stage.</a>
In a limbo where uncertainty over monetary policy reigns supreme – investment banks&#8217; forecasts range from 1 to 4 interest rate <a href="https://www.benzinga.com/economics/macro-economic-events/24/05/38584705/federal-reserve-takes-cautious-stand-on-inflation-powell-signals-preference-for-r">cuts by year-end</a> – and where the market seeks greater clarity on the latest inflation dynamics, defensive sectors like utilities regain favor.
<h3 class="wp-block-heading">Stocks Driving The Sector Rally</h3>
There haven&#8217;t been any staggering performances in the sector, but rather a general upward trend that lifted all boats in the XLU ETF.
Here are the top performers over the last month:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Total Return (1M)</td>
</tr>
<tr>
<td>NRG Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>)</td>
<td>10.95%</td>
</tr>
<tr>
<td>NextEra Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>)</td>
<td>9.42%</td>
</tr>
<tr>
<td>The AES Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>)</td>
<td>7.63%</td>
</tr>
<tr>
<td>The Southern Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>)</td>
<td>6.05%</td>
</tr>
<tr>
<td>PG&amp;E Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>)</td>
<td>5.54%</td>
</tr>
<tr>
<td>Consolidated Edison, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>)</td>
<td>5.28%</td>
</tr>
<tr>
<td>Public Service Enterprise Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEG#NYSE">PEG</a>)</td>
<td>5.25%</td>
</tr>
<tr>
<td>American Water Works Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWK#NYSE">AWK</a>)</td>
<td>4.93%</td>
</tr>
<tr>
<td>Dominion Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>)</td>
<td>4.74%</td>
</tr>
<tr>
<td>NiSource Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>)</td>
<td>4.50%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Performance as of May 2, 2024</figcaption></figure>
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Image generated using artificial intelligence via Midjourney.

Ratings for AES (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) were provided by 8 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $22.25, a high estimate of $25.00, and a low estimate of $19.00. Witnessing a positive shift, the current average has risen by 3.01% from the previous average price target of $21.60.
<img src="https://www.benzinga.com/files/images/story/2024/1713456055_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A comprehensive examination of how financial experts perceive AES is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Anthony Crowdell</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Buy</td>
<td>$21.00</td>
<td>-</td>
</tr>
<tr>
<td>Shelby Tucker</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$22.00</td>
<td>-</td>
</tr>
<tr>
<td>Gregg Orrill</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$19.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Gary Hovis</td>
<td>Argus Research</td>
<td>Maintains</td>
<td>Buy</td>
<td>$25.00</td>
<td>-</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$25.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$20.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$25.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$21.00</td>
<td>$18.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to AES. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of AES compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of AES's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of AES's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/AES/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on AES analyst ratings.</a>
<h2>Get to Know AES Better</h2>
AES is a global power company. Its generation portfolio as of year-end 2023 totals over 35 gigawatts, including renewable energy (53%), gas (27%), coal (18%), and oil (2%). AES has majority ownership and operates six electric utilities distributing power to more than 2.5 million customers.
<h3>A Deep Dive into AES's Financials</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Negative Revenue Trend: Examining AES's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -3.01% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Utilities sector.
Net Margin: AES's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -3.17%, the company may face hurdles in effective cost management.
Return on Equity (ROE): AES's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -5.24%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): AES's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -0.21%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 16.29, caution is advised due to increased financial risk.
<h2>The Basics of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 8 Analysts Discuss AES Stock

Mizuho analyst Anthony Crowdell initiates coverage on AES (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) with a Buy rating and announces Price Target of $21.

Initiation

Mizuho Initiates Coverage On AES with Buy Rating, Announces Price Target of $21

WIIM

REXR

Shares of REITs and utilities stocks are trading lower amid a rise in Treasury yields.

RBC Capital analyst Shelby Tucker reiterates AES (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) with a Outperform and maintains $22 price target.

Reiteration

RBC Capital Reiterates Outperform on AES, Maintains $22 Price Target

As of April 5, 2024, three stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>The AES Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aes#NYSE">AES</a>)</h3>
<ul>
<li>The AES said it will host a conference call on May 3, 2024 to review its first quarter 2024 financial results. The company&rsquo;s stock gained around 12% over the past month and has a <a href="https://www.benzinga.com/quote/AES">52-week high of $25.74 </a>.</li>
<li>RSI Value: 70.38</li>
<li>AES Price Action: Shares of AES gained 1.3% to close at $18.14 on Thursday.</li>
</ul>
<h3>NRG Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nrg#NYSE">NRG</a>)</h3>
<ul>
<li>On April 3, NRG Energy announced it will repurchase roughly $251 million of existing 2.75% convertible senior notes due 2048 from certain holders. The company&rsquo;s stock gained around 18% over the past month and <a href="https://www.benzinga.com/quote/NRG"> has a 52-week high </a> of $73.13.</li>
<li>RSI Value: 70.45</li>
<li>NRG Price Action: Shares of NRG Energy fell 1.8% to close at $70.70 on Thursday.</li>
</ul>
<h3>VivoPower International PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vvpr#NASDAQ">VVPR</a>)</h3>
<ul>
<li>On April 3, VivoPower declared a capital management strategy including a stock buyback program of up to $5 million. The company&rsquo;s stock gained around 351% over the past five days and has a <a href="https://www.benzinga.com/quote/VVPR"> 52-week high </a> of $9.90.</li>
<li>RSI Value: 86.31</li>
<li>VVPR Price Action: Shares of VivoPower International fell 0.2% to close at $6.40 on Thursday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38087713/over-1m-bet-on-this-industrial-stock-check-out-these-4-stocks-insiders-are-buying"> Over $1M Bet On This Industrial Stock? Check Out These 4 Stocks Insiders Are Buying </a>

UBS analyst Gregg Orrill maintains AES (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) with a Neutral and lowers the price target from $20 to $19.

UBS Maintains Neutral on AES, Lowers Price Target to $19

Argus Research analyst Gary Hovis maintains AES (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) with a Buy and maintains $25 price target.

Argus Research Maintains Buy on AES, Maintains $25 Price Target

4 analysts have shared their evaluations of AES (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $22.75, a high estimate of $25.00, and a low estimate of $20.00. Witnessing a positive shift, the current average has risen by 3.41% from the previous average price target of $22.00.
<img src="https://www.benzinga.com/files/images/story/2024/1711393275_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The analysis of recent analyst actions sheds light on the perception of AES by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$25.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$20.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$25.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$21.00</td>
<td>$18.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to AES. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of AES compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for AES's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of AES's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AES/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on AES analyst ratings.</a>
<h2>Unveiling the Story Behind AES</h2>
AES is a global power company. Its current generation portfolio as of year-end 2022 consists of over 32 gigawatts of generation including renewable energy (46%), gas (32%), coal (20%), and oil (2%). AES has majority ownership and operates six electric utilities distributing power to 2.6 million customers.
<h3>Unraveling the Financial Story of AES</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: AES's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -3.01%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Utilities sector.
Net Margin: AES's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -3.17% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of -5.24%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): AES's ROA excels beyond industry benchmarks, reaching -0.21%. This signifies efficient management of assets and strong financial health.
Debt Management: AES's debt-to-equity ratio surpasses industry norms, standing at 16.29. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Basics of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 4 Analyst Ratings Have To Say About AES

Morgan Stanley analyst Stephen Byrd maintains AES (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) with a Overweight and maintains $25 price target.

Morgan Stanley Maintains Overweight on AES, Maintains $25 Price Target

Barclays analyst Stephen Byrd maintains AES (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) with a Overweight and lowers the price target from $21 to $20.

Barclays Maintains Overweight on AES, Lowers Price Target to $20

AES's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) short percent of float has fallen 36.89% since its last report. The company recently reported that it has 15.48 million shares sold short, which is 3.25% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.28 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>AES Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709914510_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for AES has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing AES's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, AES's peer group average for short interest as a percentage of float is 1.40%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Looking Into AES's Recent Short Interest

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has undoubtedly emerged as the standout performer among S&amp;P 500 stocks in the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37288423/nvidia-spikes-to-2-trillion-market-cap-as-fomo-drives-traders-into-stock-the-journe">initial two months of 2024</a>.
While the Santa Clara, California-based tech company enjoyed a 60% gain, there&#8217;s a pack of lesser-trumpeted names that have quietly delivered impressive returns in their own right. 
These stocks have significantly <a href="https://www.benzinga.com/money/what-makes-the-stock-market-go-up-and-down">outpaced the broader market</a>.
Within the S&amp;P 500 index, 10 stocks have achieved returns exceeding 25% so far this year. Noteworthy among them are three from the Magnificent Seven subset, showcasing the enduring strength of <a href="https://www.benzinga.com/topic/magnificent-seven">mega-cap tech players.</a>
In contrast, the median S&amp;P 500 stock, tracked by the S&amp;P 500 Equal Weight ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>), has eked out a modest 3% return, while the market-cap weighted SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) has posted a more substantial 7% surge.
<h3 class="wp-block-heading">Top 10 Performing S&amp;P 500 Stocks (As Of Feb. 29, 2024)</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>YTD Return</td>
<td>Market Cap</td>
</tr>
<tr>
<td>NVIDIA Corporation </td>
<td>60.02%</td>
<td>$1,950.35B</td>
</tr>
<tr>
<td>Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>)</td>
<td>43.31%</td>
<td>$53.04B</td>
</tr>
<tr>
<td>Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>)</td>
<td>38.14%</td>
<td>$1,246.58B</td>
</tr>
<tr>
<td>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>)</td>
<td>29.17%</td>
<td>$307.66B</td>
</tr>
<tr>
<td>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>)</td>
<td>29.03%</td>
<td>$677.07B</td>
</tr>
<tr>
<td>Ralph Lauren Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>)</td>
<td>28.37%</td>
<td>$11.83B</td>
</tr>
<tr>
<td>Tapestry, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>)</td>
<td>28.27%</td>
<td>$10.83B</td>
</tr>
<tr>
<td>Catalent, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTLT#NYSE">CTLT</a>)</td>
<td>28.24%</td>
<td>$10.41B</td>
</tr>
<tr>
<td>Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>)</td>
<td>28.18%</td>
<td>$163.88B</td>
</tr>
<tr>
<td>Juniper Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>)</td>
<td>25.12%</td>
<td>$11.96B</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">What Wall Street Thinks&#8230;</h3>
Investors are likely considering whether the top-performing stocks still offer room for further growth, given their already impressive returns.
A reliable measure to gauge this potential is comparing the current stock price with the 1-year median price target projected by Wall Street analysts.
Among the top 10 S&amp;P 500 stocks year-to-date, Uber Technologies stands out with the largest potential upside to its median price target, showing a significant difference of 13.8%. Catalent follows closely behind, boasting a 10% potential upside, while Nvidia still maintains a respectable 7% upside compared to its median price target.
However, it&#8217;s worth noting that there are other stocks within the S&amp;P 500 index showing even more substantial potential upside.
Here&#8217;s a summary of the significant disparities between current market prices and Wall Street analysts&#8217; forecasts within a one-year horizon.
<h4 class="wp-block-heading">Top 10 S&amp;P 500 Stocks By Upside Potential Vs. Wall Street&#8217;s Price Target</h4>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>1-Year Price Target (Med) vs Current Price</td>
</tr>
<tr>
<td>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>)</td>
<td>54.73%</td>
</tr>
<tr>
<td>Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</td>
<td>46.80%</td>
</tr>
<tr>
<td>Caesars Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NYSE">CZR</a>)</td>
<td>45.11%</td>
</tr>
<tr>
<td>The AES Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>)</td>
<td>43.79%</td>
</tr>
<tr>
<td>Insulet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>)</td>
<td>43.12%</td>
</tr>
<tr>
<td>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>)</td>
<td>41.12%</td>
</tr>
<tr>
<td>Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>)</td>
<td>41.03%</td>
</tr>
<tr>
<td>Carnival Corporation &amp; pIc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>)</td>
<td>38.85%</td>
</tr>
<tr>
<td>Biogen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>)</td>
<td>36.04%</td>
</tr>
<tr>
<td>Baker Hughes Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NYSE">BKR</a>)</td>
<td>35.75%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">What Reddit Users Think&#8230;</h3>
A method for gauging social sentiment among U.S. stocks is provided by the VanEck Social Sentiment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUZZ#NYSE">BUZZ</a>). 
This fund allocates investments to companies that exhibit favorable insights gathered from various online sources, such as social media platforms, news articles, blog posts, and other alternative datasets.
Below, a table highlights the top 10 holdings within the BUZZ ETF, along with their year-to-date performance:
<h3 class="wp-block-heading">Most-Loved Stocks By Social Users</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>Weight In Buzz ETF</td>
<td>YTD Return</td>
</tr>
<tr>
<td>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td>4.36%</td>
<td>16.00%</td>
</tr>
<tr>
<td>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</td>
<td>3.42</td>
<td>61.51</td>
</tr>
<tr>
<td>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</td>
<td>3.37</td>
<td>203.07</td>
</tr>
<tr>
<td>NVIDIA Corporation</td>
<td>3.21</td>
<td>60.06</td>
</tr>
<tr>
<td>SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>)</td>
<td>3.16</td>
<td>-9.55</td>
</tr>
<tr>
<td>PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>)</td>
<td>3.09</td>
<td>-1.68</td>
</tr>
<tr>
<td>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>3.07</td>
<td>-19.05</td>
</tr>
<tr>
<td>Advanced Micro Devices, Inc.</td>
<td>3.00</td>
<td>29.65</td>
</tr>
<tr>
<td>Meta Platforms, Inc.</td>
<td>2.96</td>
<td>38.49</td>
</tr>
<tr>
<td>Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td>2.93</td>
<td>15.23</td>
</tr>
</tbody>
</table>
</figure>
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37402333/exclusive-magnificent-7-takes-center-stage-in-roundhills-expanded-etf-lineup-with-i">EXCLUSIVE: Magnificent 7 Takes Center Stage In Roundhill&#8217;s Expanded ETF Lineup With Inverse And Leveraged Options</a>
Image: Midjourney

Top Stocks Not Named Nvidia You Need To Know About In 2024: Here's What Investors Think About Them (Wall Street Vs. Reddit)

Morgan Stanley analyst Stephen Byrd maintains AES (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) with a Overweight and raises the price target from $24 to $25.

Morgan Stanley Maintains Overweight on AES, Raises Price Target to $25

AES shares are trading lower after the company reported worse-than-expected Q4 revenue results.

The AES Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) reported fourth-quarter FY23 adjusted EPS of $0.73,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/n37324618/aes-reports-record-performance-in-2023-raises-long-term-guidance" rel="noreferrer noopener">beating the consensus of $0.67</a>.
Revenues of $2.97 billion missed&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the consensus of $3.36 billion</a>.
In the fourth quarter, Non-regulated revenue rose to $2.19 billion from $2.14 billion a year ago, and Regulated revenue declined to $774 million from $925 million the prior year.
Adjusted EBITDA declined to $625 million from $693 million a year ago.
As of February 26, the company&#8217;s backlog, which consists of projects with signed contracts that are not yet operational, is 12.3 GW, including 5.1 GW under construction.
As of December 31, cash and cash equivalents stood at $2.2 billion. AES secured asset sale proceeds of $1.1 billion, exceeding the target of $400 to $600 million.
Andrés Gluski, President and Chief Executive Officer, said, &#8220;We exceeded almost all of our strategic objectives, including increasing renewables construction by 100% to 3.5 GW and signing 5.6 GW of new PPAs.&#8221;
&#8220;Our backlog of signed PPAs now stands at 12.3 GW and we continue to see strong and growing demand from our corporate customers, including data center companies. We are therefore very well-positioned to add 3.6 GW of new capacity to our operating portfolio in 2024 and sign 14 to 17 GW of new renewable contracts from 2023 through 2025.&#8221;
Outlook: For FY24, AES expects adjusted EPS of $1.87-$1.97 (consensus $1.89) and <a href="https://www.benzinga.com/calendars/guidance">adjusted EBITDA of $2.60 billion-$2.90 billion. </a>
The company projects growth in 2024, primarily driven by new renewables commissions, rate base growth at U.S. utilities, and improved margins in Chile, but partially offset by asset sales and prior-year margins on LNG transactions.
The company increased its annualized growth target for adjusted EPS to 7% to 9% (from 6% to 8%) and adjusted EBITDA to 5% to 7% (from 3% to 5%) through 2027 vs 2023 base.
AES reiterated its annualized growth target for Adjusted EPS at 7%-9% through 2025, from a base of 2020.&nbsp;&nbsp;
The company expects to grow its dividend by 2% to 3% annually after 2024.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/23/11/35847835/us-energy-company-aes-eyes-sale-of-coal-fired-power-plant-in-vietnam-report" rel="noreferrer noopener">US Energy Company AES Eyes Sale Of Coal-Fired Power Plant In Vietnam: Report</a>
Price Action: AES shares are trading higher by 1.03% at $15.71 premarket on the last check Tuesday.&nbsp;

AES' Q4: Beats On Earnings, Raises Growth Targets, Eyes Continued Renewable Expansion & More

<div>The company raised&nbsp;annualized growth target&nbsp;to&nbsp;5%&nbsp;to&nbsp;7%&nbsp;through 2027 from&nbsp;3%&nbsp;to&nbsp;5%, off a base of 2023&nbsp;guidance.</div>

AES Raises Annualized Growth Target To 7% To 9% Through 2027 From 6% To 8%, Off A Base Of 2023 Guidance

&nbsp;
The company initiated 2024&nbsp;guidance&nbsp;for Adjusted EBITDA2&nbsp;of&nbsp;$2,600&nbsp;to&nbsp;$2,900&nbsp;million.
<ul>
</ul>

AES Initiates 2024 Guidance For Adjusted EPS Of $1.87-$1.97, Est $1.89

RBC Capital analyst Shelby Tucker maintained a Buy rating on AES (AES – Research Report) on April 19 and set a price target of $22.00. The company'...

RBC Capital Remains a Buy on AES (AES)

Dividend Champion, Contender, And Challenger Highlights: Week Of April 28

The AES Corporation Is In Transition, BEP Is The Better Alternative

TotalEnergies among suitors for AES Brazil power unit - Bloomberg

AES Non-GAAP EPS of $0.50 beats by $0.16, revenue of $3.09B misses by $110M

AES Corp (AES) has shared an update. AES Corporation released its quarterly financial results on May 2, 2024, offering a glimpse into its recent pe...

AES Corp Unveils Quarterly Results and Future Outlook

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AES (NYSE:<a href="https://investorplace.com/stock-quotes/aes-stock-quote/">AES</a>) just reported results for the first quarter of 2024.<ul><li>AES reported earnings per share of 50 cents. This was above the analyst estimate for EPS of 34 cents.</li><li>The company reported revenue of $3.09 billion.</li><li>This was 3.59% worse than the analyst estimate for revenue of $3.20 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/aes-stock-earnings-aes-for-q1-of-2024/">AES Stock Earnings: AES Beats EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

AES Stock Earnings: AES Beats EPS, Misses Revenue for Q1 2024

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The renewable energy industry <a href="https://www.statista.com/statistics/1094309/renewable-energy-market-size-global/">will grow to $2 trillion by 2030</a>, according to estimates from Group Next Move Strategy Consulting, making renewable <a href="https://investorplace.com/industries/energy/">energy stocks</a> a must-invest for accounts that want to be safe in the future.



A few pieces of legislation that will help the economy switch to cleaner energy sources are the Inflation Reduction Act (IRA) of 2022, the Bipartisan Infrastructure Law, and the Executive Order on Catalyzing Clean Energy Industries and Jobs Through Federal Sustainability. After the election season, expect more of these kinds of bills.



In addition, the amount of green energy available is growing very quickly. Some 95% of the expected rise comes from solar PV and wind power. This rise is important because, by early 2025, renewables will be the main source of energy around the world.&#8203;



In this light, let&rsquo;s look at three <a href="https://investorplace.com/industries/energy/renewable-energy/">renewable energy stocks</a> whose earnings are better than expected and who are projecting healthy growth through 2024. The first pick has increased its project pipeline to 21.5 gigawatts. The second says that net sales will be between $4.4 billion and $4.6 billion in 2024. The last one changed from a real estate investment trust (REIT) to a C-corporation to get better tax breaks for fuel.



Let&rsquo;s explore further! 



<h2>NextEra Energy (NEE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/01/nee1600-300x169.jpg" alt="Nextra Energy (NEE) website on a mobile phone screen"><div>Source: madamF / Shutterstock.com</div></div>Taking into account the 1,165 megawatts (MW) of new projects that have been put into service since the fourth quarter of 2023, NextEra Energy&lsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/nee-stock-quote/">NEE</a>) pipeline is now close to 21.5 gigawatts (GW).



In Q1 2024, NextEra Energy <a href="https://www.investor.nexteraenergy.com/~/media/Files/N/NEE-IR/news-and-events/events-and-presentations/2024/04-23-24/2024-0423%20NEEQ12024News%20Release%20Final.pdf">added 2,765 megawatts</a> of new projects, making it the second-best quarter for renewables growth. NextEra thinks that the renewables and storage industry will triple in seven years thanks to federal and state funding. Rising energy demand in the U.S. and its capacity will also allow it to exploit this growth.



Moreover, Florida Power &amp; Light, a NextEra company, <a href="https://www.utilitydive.com/news/nextera-energy-florida-power-light-fpl-doubles-planned-storage-deployments-four-gigawatts/714246/#:~:text=from%20your%20inbox.-,Florida%20Power%20%26%20Light%20doubles%20planned%20storage%20deployments%20to%20more%20than,John%20Ketchum%20said%20April%2023.">plans to double</a> the amount of energy it can store in batteries and raise the amount of solar power it produces from 6% in 2023 to 38% by 2033.



You can earn income and cash from this stock. Despite <a href="https://investorplace.com/earning-results/2024/05/fslr-stock-earnings-first-solar-for-q1-of-2024/">beating Wall Street estimates</a>, the stock price is still far from its 52-week high of about $78.



In addition, NextEra stands out for buyers looking for high yields because its dividends have been raised every year for 30 years. At about 3%, its payout return <a href="https://www.dividend.com/stocks/utilities/integrated-utilities/other/nee-nextera-energy-inc/#dividend-payout-history-anchor">is in the upper half</a> of that of its competitors. Its payouts have grown by 19% a year over the last three years, which puts it in the top 20% of companies.



<h2>First Solar (FSLR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/fslr1600-300x169.png" alt="Person holding smartphone with logo of US renewable energy company First Solar Inc. (FSLR) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Due to seasonal module sales declines, First Solar&lsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/fslr-stock-quote/">FSLR</a>) first-quarter 2024 net sales fell from $1.158 billion to $794 million. Earnings per share (EPS) fell from $3.25 in Q4 2023 to $2.20 in Q1 2024, lowering profit margin.



Despite these data, the markets responded favorably to the earnings announcement since the solar company beat Wall Street EPS and revenue projections by 8% and 10%, respectively.



Based on $400 million in <a href="https://investor.firstsolar.com/financials/quarterly-results/default.aspx">Section 45X tax credits</a> in the first half of 2024 and $620 million in the second, First Solar expects net sales of $4.4 billion to $4.6 billion and earnings per common share of $13 to $14.



So far this year, the business <a href="https://www.reuters.com/business/energy/first-solar-posts-higher-quarterly-profit-strong-demand-2024-05-01/">has sold 2.7 gigawatts</a> for 31.3 cents per watt. An expected 78.3 gigawatt sales backlog bodes well for future profitability.



Success in 2023 included <a href="https://cleantechnica.com/2023/05/17/first-solar-buys-evolar/">buying Evolar</a>, a European thin-film company, to advance tandem solar technology development using perovskite thin films. First Solar is also establishing an innovation center in Perrysburg, Ohio, to encourage research and development. A $370 million program will speed thin-film PV module development and manufacture.



The business aims to improve solar technology, especially with its <a href="https://www.firstsolar.com/en/Products/Series-7">domestically produced Series 7 modules</a>, which should raise performance and competitiveness. With its performance thus far in 2024, it&rsquo;s fair to assume success.



<h2>Hannon Armstrong Sustainable Infrastructure (HASI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/hasi1600-300x169.png" alt="An image of a windmill field"><div>Source: fokke baarssen / Shutterstock.com</div></div>Hannon Armstrong Sustainable Infrastructure (NYSE:<a href="https://investorplace.com/stock-quotes/hasi-stock-quote/">HASI</a>) reported a good fiscal quarter to round off 2023. The need of the hour after its board decided to <a href="https://investors.hasi.com/news-events/press-releases/detail/279/hasi-announces-conversion-to-c-corporation">end its position</a> as a REIT and become a taxable C-corporation to keep operations running smoothly with minimum change to the status quo.



This kind of change is not always smooth since HASI was known for its tax attributes. However, HASI stockholder fears were answered thanks to EPS of 62 cents, which was 17% above the predicted 53 cents, while sales of around $47 million exceeded Wall Street estimates of $37 million by roughly 25%.



HASI expects its 2023 purchases to prevent 760,000 metric tons of carbon pollution, which will help it attract environmental, social and governance (ESG)-focused investors. HASI <a href="https://investors-q4.hannonarmstrong.com/news-and-presentations/press-releases/news-details/2023/Hannon-Armstrong-Invests-in-a-1.3-GW-Renewables-Portfolio-Owned-and-Operated-by-AES/default.aspx">owns 1.3 GW of AES</a> (NYSE:<a href="https://investorplace.com/stock-quotes/aes-stock-quote/">AES</a>) and invests heavily in green energy. Complimenting this, HASI assets and portfolio stand at $12.3 billion and $6.2 billion, both up double digits from last year.



From 2024 to 2026, HASI expects distributable earnings per share to increase by 8% to 10%. In addition, through 2026, HASI plans to pay dividends equal <a href="https://investors.hasi.com/news-events/press-releases/detail/285/hasi-announces-fourth-quarter-and-full-year-2023-results">to 60% to 70%</a> of its distributable profits per share.



The mix of strong quarterly performance amid a tricky transition and excellent payouts makes HASI one of the best renewable energy stocks out there. 



On the date of publication, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&amp;P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/shhh-3-secret-renewable-energy-stocks-flying-below-wall-streets-radar/">Shhh! 3 Secret Renewable Energy Stocks Flying Below Wall Street&#8217;s Radar</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Shhh! 3 Secret Renewable Energy Stocks Flying Below Wall Street's Radar

The AES Corporation (AES) Q1 2024 Earnings Call Transcript

The AES Corporation 2024 Q1 - Results - Earnings Call Presentation

AESC

ATLO

CASY

CHCO

CHCT

ENSG

EWBC

FBMS

FELE

FIBK

FUNC

GWRS

HASI

HESM

HIFS

HWBK

IBCP

ISTR

LKFN

MATW

MGRC

MORN

MPLX

NDAQ

NWFL

ORRF

PEBO

QNTO

RGCO

TYBT

TYCB

WDFC

Press Releases

HASI Invests in 605 MW Renewables Portfolio Owned and Operated by AES

Commodities

AES to Host Webcast to Discuss Data Centers and Demand for Renewable Energy on Thursday, January 18, 2024 at 2:00 p.m. ET

AES Completes Construction of 3.5 GW of Renewables in 2023

Offerings

AES Announces Final Remarketing Period for its 0% Series A Cumulative Perpetual Convertible Preferred Stock Relating to its 2021 Equity Units Offering

AES Announces Fourth Quarter & Full Year 2023 Financial Review Conference Call to be Held on Tuesday, February 27, 2024 at 10:00 a.m. ET

AES Announces Result of Final Remarketing of Series A Cumulative Perpetual Convertible Preferred Stock Relating to 2021 Equity Units Offering and Settlement Rate for Purchase Contract Component of 2021 Equity Units Offering

Dividends

AES Announces Quarterly Dividend

AES Reports Record Performance in 2023 & Raises Long-Term Guidance

AES Announces First Quarter 2024 Financial Review Conference Call to be Held on Friday, May 3, 2024 at 10:00 a.m. ET

AES Reports Strong First Quarter Results; Reaffirms 2024 Guidance & Long-Term Growth Rates

Alternus Clean Energy, Inc. - Class A Common Stock

Alternus Clean Energy

Central Puerto S.A. American Depositary Shares (each represents ten Common Shares)

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AES Stock (NYSE:AES), Short Interest Report

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