The Panic-Proof Portfolio (Stockchase Research)
AES
AES-N
TOP PICK
Oct 15, 2024
Stockchase Research Editor: Michael O'Reilly
AES operates as a diversified utility in 15 countries, providing strong leadership in renewable energy sources. It trades at 17x earnings and supports a ROE of 19%. We like that cash reserves are growing, while debt is aggressively retired. We recommend setting a stop-loss at $15, looking to achieve $23 -- upside potential of 29%. Yield 3.9%
AES operates as a diversified utility in 15 countries, providing strong leadership in renewable energy sources. It trades at 17x earnings and supports a ROE of 19%. We like that cash reserves are growing, while debt is aggressively retired. We recommend setting a stop-loss at $15, looking to achieve $23 -- upside potential of 29%. Yield 3.9%
(Analysts’ price target is $22.59)