The AES Corporation (AES) Dips 3.33% for October 02

Equities Staff  |

Among the S&P 500’s biggest fallers on Wednesday October 02 was The AES Corporation (AES). The stock experienced a 3.33% decline to $15.70 with 4.67 million shares changing hands.

The AES Corporation started at an opening price of 16.25 and hit a high of $16.25 and a low of $15.70. Ultimately, the stock took a hit and finished the day at $0.54 per share. The AES Corporation trades an average of n/a shares a day out of a total 663.85 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. The AES Corporation hit a high of $18.52 and a low of $13.55 over the last year.

AES is a global power company with businesses in 13 countries. It has a portfolio of more than 100 power plants and wind and solar farms. Its current construction program will increase its net generating capacity to over 35 gigawatts. AES also has majority ownership and operates six electric utilities distributing power to 2.4 million customers in the U.S. and El Salvador. AES is one of the world leaders in utility-scale energy storage in its Fluence joint venture with Siemens.

With its headquarters located in Arlington, VA, The AES Corporation employs 21,000 people. After today’s trading, the company’s market cap has fallen to $10.42 billion, a P/S of n/a, a P/B of 3.25, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on The AES Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: AES’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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