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The latest announcement is out from AES ( (AES) ).
In the fourth quarter of 2025, AES assessed its Maritza power plant in Bulgaria, which operates under a PPA set to expire in May 2026, and decided not to proceed with converting the facility to an alternative fuel source. This decision, combined with the pending expiration of the PPA and uncertainty around securing a new agreement, triggered an impairment review that concluded the plant’s carrying value was no longer fully recoverable, leading AES on January 13, 2026 to determine that a pre-tax impairment charge of $250 million to $325 million should be recognized as of December 31, 2025. The impairment reflects a reduction in the expected future use of the asset beyond the current contract period but is not anticipated to affect Maritza’s ability to meet its obligations or its cash flows under the existing PPA through its May 2026 expiry, with final impairment and related tax impacts to be confirmed in AES’s 2025 annual report filing.
The most recent analyst rating on (AES) stock is a Buy with a $15.50 price target. To see the full list of analyst forecasts on AES stock, see the AES Stock Forecast page.
Spark’s Take on AES Stock
According to Spark, TipRanks’ AI Analyst, AES is a Neutral.
AES’s overall stock score is driven by a strong earnings call that highlights growth in renewables and strategic progress, alongside an attractive valuation with a low P/E ratio and high dividend yield. However, financial performance concerns, including high leverage and negative free cash flow, weigh on the score. Technical analysis indicates a neutral trend, contributing moderately to the overall assessment.
To see Spark’s full report on AES stock, click here.
More about AES
The AES Corporation is a global power company that owns and operates electricity generation assets, including the Maritza power plant in Bulgaria, which sells power under long-term power purchase agreements (PPAs).
Average Trading Volume: 7,782,132
Technical Sentiment Signal: Buy
Current Market Cap: $9.97B
For a thorough assessment of AES stock, go to TipRanks’ Stock Analysis page.