Susquehanna downgraded AES Corp. (AES) to Neutral from Positive with a price target of $15, down from $16. The firm is updating estimates and price targets before Q1 earnings for its alternative energy names, stating in a preview for the group that growing demand for power is the main driver for the segment, while companies continue to navigate a number of headwinds, including the elimination of the 25D residential tax credit, tightened FEOC rules, permitting restrictions, and tariffs.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AES:
- AES Corp. downgraded to Neutral from Positive at Susquehanna
- Oracle (ORCL) Names Hilary Maxson as New CFO, Barclays Analyst Calls the Hire a “Small Positive”
- AES Corp. downgraded to Hold from Buy at Argus
- Beyond the Strait: The AI Power Grab Ignoring Iran War
- AI Daily: OpenAI CEO Altman steps down from Helion board