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Here's Why AES (AES) is a Strong Growth Stock

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why This 1 Growth Stock Should Be On Your Watchlist

Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

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AES (AES)

Arlington, VA-based The AES Corporation, incorporated in 1981, is a global power company. The company’s businesses are spread across four continents in 14 countries. The company has four Strategic Business Units (SBUs) located in the United States and other regions across the globe. At the end of 2023, the company had a customer base of 2.6 million. AES Corp. currently owns and/or operates a generation portfolio of 34,596 megawatts (MW), including generation from its integrated utility, AES Indiana.

AES sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 8.5% and 0.3% year-over-year, respectively.

One analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $1.91 per share for 2024. AES boasts an average earnings surprise of 13.8%.

AES is also cash rich. The company has generated cash flow growth of 5%, and is expected to report cash flow expansion of 6.3% in 2024.

AES should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.

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The AES Corporation (AES) : Free Stock Analysis Report

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Zacks Investment Research