Utilities Sector Leads Midday Gains
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: NASDAQ.COM
- Utilities Sector Performance: As of midday Monday, the Utilities sector is up 0.9%, with AES Corp gaining 3.2% and PG&E Corp rising 1.8%, indicating strong sector performance that may attract more investor interest.
- ETF Performance: The Utilities Select Sector SPDR ETF (XLU) is up 0.8% on the day and 0.46% year-to-date, reflecting sustained investor interest in utilities, which could drive further stock price increases.
- Technology & Communications Sector: The Technology & Communications sector is up 0.7%, with Arista Networks and Seagate Technology gaining 5.8% and 4.9%, respectively, indicating a strong rebound in tech stocks that may present new investment opportunities.
- Tracking ETFs: The Technology Select Sector SPDR ETF (XLK) is up 1.0% in midday trading and 1.79% year-to-date, suggesting overall strong performance in tech stocks that may attract more capital inflows into the sector.
Analyst Views on AES
Wall Street analysts forecast AES stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AES is 16.63 USD with a low forecast of 13.00 USD and a high forecast of 24.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
6 Buy
3 Hold
0 Sell
Moderate Buy
Current: 14.920
Low
13.00
Averages
16.63
High
24.00
Current: 14.920
Low
13.00
Averages
16.63
High
24.00
About AES
The AES Corporation is an energy company. The Company operates in four segments: Renewables, Utilities, Energy Infrastructure, and New Energy Technologies. The Renewables segment include solar, wind, energy storage, and hydro generation facilities. The Utilities segment includes AES Indiana, AES Ohio, and AES El Salvador regulated utilities and their generation facilities. The Energy Infrastructure segment includes natural gas, liquefied natural gas (LNG), coal, pet coke, diesel, and oil generation facilities, and its businesses in Chile, which have a mix of generation sources, including renewables. The New Energy Technologies segment includes investments in Fluence, Uplight, Maximo and other initiatives. It has two lines of business: Generation, which owns and/or operates power plants to generate and sell power to customers and Utilities that own and/or operate utilities to generate or purchase, distribute, transmit and sell electricity to end-user customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
