AES (AES)
Operates renewable generation, regulated utilities, conventional power assets, and energy-technology investments.
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Owns and operates renewable generation, regulated utilities, conventional power infrastructure, and energy-technology investments, earning from electricity and capacity sales, utility service, and contracted projects. Operations span the United States and international markets, with a shareholder-approved take-private transaction awaiting regulatory approvals and closing.
Owns and operates renewable generation, regulated electric utilities, conventional power plants, and energy-technology investments across the United States and international markets. Renewables spans solar, wind, storage, and hydro projects; Utilities includes AES Indiana, AES Ohio, and AES El Salvador. Energy Infrastructure covers gas, LNG, coal, pet coke, diesel, and oil generation, while New Energy Technologies includes Fluence and Maximo.
Combines project development, contracting, financing, construction, and operations, selling electricity and capacity to utilities, corporations, intermediaries, and retail customers. Execution depends on project delivery, access to capital, utility and environmental regulation, fuel and equipment supply, and conditions in developing markets. A shareholder-approved acquisition by a consortium led by Global Infrastructure Partners and EQT remains subject to regulatory approvals and closing.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Apr 9, 2026 | Susquehanna | Downgrade | ||
| Mar 26, 2026 | Argus Research | Downgrade | ||
| Mar 6, 2026 | Morgan Stanley | Downgrade | ||
| Mar 3, 2026 | Mizuho | Downgrade | ||
| Feb 27, 2026 | Seaport Global | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.85B · Total debt $32.12B · Total assets $54.24B · Shareholders' equity $4.94B
- Revenue
- $3.42B
- Operating income
- $630.0M
- Net income
- $465.0M
HistoryDividendAnnual yield
| Institutions | 90.79% | 647.75M shares | |
|---|---|---|---|
| 746 holders · as of Jun 30, 2026 | |||
| Insiders | 0.26% | 1.82M shares | |
| 8 holders · as of May 8, 2026 | |||
| Other | 8.95% | 63.87M shares | |
| remainder | |||
713.44M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 6.91% | 49.28M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.52% | 46.50M | as of Jun 30, 2026 |
State Street CorpInstitution | 6.01% | 42.89M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.96% | 35.37M | as of Jun 30, 2026 |
Balyasny Asset Management L.P.Institution | 4.85% | 34.63M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- NextEra Energy
Broad overlap in renewables, storage, utilities, and energy infrastructure
- Constellation Energy
Large clean-power and dispatchable-generation rival for C&I load
- Vistra
Competitive power-generation peer with gas, nuclear, coal, solar, and storage
- Duke Energy
Regulated utility peer with overlapping Midwest utility and generation exposure
- American Electric Power
Regional utility and transmission peer in AES Ohio and Indiana markets
- Brookfield Renewable
Global renewable-power platform competing for clean contracts and storage
- Clearway Energy
Contracted U.S. clean-power peer across wind, solar, storage, and gas
- Enel Chile (ADR)
Chile generation and distribution peer with renewables-plus-BESS exposure
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AES | $14.85 | +0.13% | $10.58B | 5.6 | 7.7 | 0.8 | +19.9% |
| NextEra Energy | $79.42 | −0.26% | $166.11B | 17.9 | 19.6 | 5.7 | +12.5% |
| Constellation Energy | $262.75 | +0.24% | $94.12B | 25.5 | 21.1 | 3.0 | +23.0% |
| Vistra | $140.82 | +0.03% | $47.47B | 23.7 | 15.0 | 3.0 | −5.5% |
| Duke Energy | $116.76 | +0.01% | $91.01B | 17.5 | 17.3 | 2.7 | +1.1% |
| American Electric Power | $120.23 | +0.17% | $65.34B | 20.8 | 18.1 | 2.9 | +7.0% |
| Brookfield Renewable | $30.28 | +1.09% | $4.42B | — | — | 1.1 | +79.6% |
| Clearway Energy | $31.12 | +0.74% | $6.35B | 40.6 | 70.0 | 4.0 | +22.7% |
| Enel Chile (ADR) | $4.42 | +2.44% | $5.96B | 10.4 | 12.2 | 1.4 | −10.1% |
| Median | 20.8 | 18.1 | 2.9 | +9.7% |