AES Reaches New 52-Week High (AES)

NEW YORK ( TheStreet) -- AES (NYSE: AES) hit a new 52-week high Wednesday as it is currently trading at $13.52, above its previous 52-week high of $13.50 with 1.1 million shares traded as of 10:30 a.m. ET. Average volume has been 5.6 million shares over the past 30 days.

AES has a market cap of $9.78 billion and is part of the utilities sector and utilities industry. Shares are up 13.9% year to date as of the close of trading on Tuesday.

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.

TheStreet Ratings rates AES as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full AES Ratings Report.

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