UBS has decided to maintain its Buy rating of AES AES and raise its price target from $28.00 to $33.00.
Shares of AES are trading up 0.45% over the last 24 hours, at $28.16 per share.
A move to $33.00 would account for a 17.17% increase from the current share price.
AES is a global power company operating across 14 countries and 4 continents. Its current generation portfolio as of year-end 2021 consists of over 31 gigawatts of generation, with the generation mix composed of renewables (43%), gas (32%), coal (23%), and oil (2%). The company has 3.5 gigawatts of generation under construction. AES has majority ownership and operates six electric utilities distributing power to 2.6 million customers.
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