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NEW YORK ( TheStreet) -- The AES Corporation (NYSE: AES) hit a new 52-week low Tuesday as it is currently trading at $9.07, below its previous 52-week low of $9.22 with 422,249 shares traded as of 9:45 a.m. ET. Average volume has been 7.8 million shares over the past 30 days. The AES has a market cap of $7.6 billion and is part of the utilities sector and utilities industry. Shares are down 22.5% year to date as of the close of trading on Monday. The AES Corporation, through its subsidiaries, operates as a power company in Latin America, Africa, North America, Europe, the Middle East, and Asia. The company owns and operates two businesses, Generation and Utilities.