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AES Corporation (AES) Surges: Stock Moves 7.4% Higher

By Zacks Investment ResearchStock MarketsFeb 27, 2018 08:32PM ET
www.investing.com/analysis/aes-corporation-aes-surges-stock-moves-74-higher-200295115
AES Corporation (AES) Surges: Stock Moves 7.4% Higher
By Zacks Investment Research   |  Feb 27, 2018 08:32PM ET
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The AES Corporation (NYSE:AES) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $10.06-$11.81 in the past one-month time frame, showed a sharp increase yesterday.

The move came after the company reported better-than-expected earnings for the fourth quarter of 2017.

The company has not seen any estimate revisions in the past month and the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

AES Corporation currently has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.

A better-ranked stock in the Utility - Electric Power industry is CenterPoint Energy, Inc. (NYSE:CNP) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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CenterPoint Energy, Inc. (CNP): Free Stock Analysis Report

The AES Corporation (AES): Free Stock Analysis Report

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AES Corporation (AES) Surges: Stock Moves 7.4% Higher
 

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AES Corporation (AES) Surges: Stock Moves 7.4% Higher

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