AES ( (AES) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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AES shares moved higher today after a notable shift in Wall Street sentiment toward the power company. Investors reacted to a change in analyst stance that eased some of the recent bearish pressure around the stock.
Seaport Research analyst Angie Storozynski upgraded AES Corp. from Sell to Neutral, signaling that downside risks may now be more balanced. The move suggests that, while the firm is not yet bullish, it no longer sees AES as a stock to actively avoid.
More about AES
YTD Price Performance: 15.53%
Average Trading Volume: 8,377,287
Technical Sentiment Signal: Buy
Current Market Cap: $11.59B
For further insights into AES stock on TipRanks’ Stock Analysis page.
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