Investing
AES Corp. shares rise amidst mixed market scenario
© Reuters.
AES (NYSE:) Corp. recorded a third day of consecutive gains on Tuesday, with its shares rising by 0.29% to $13.75, despite the stock still trading $16.14 below its 52-week high of $29.89. This upswing occurred in a market characterized by minor fluctuations in the and the .
The energy company outperformed competitors including NextEra Energy (NYSE:), Duke Energy (NYSE:), and Dominion Energy (NYSE:), which posted respective declines of 0.39%, 0.56%, and 0.73%. The rise in AES’s stock value was accompanied by a significant surge in trading volume, reaching nine million shares, exceeding its average 50-day average volume of 7.9 million shares.
This performance demonstrates AES Corp.’s resilience in a mixed market scenario, where other energy companies have struggled to maintain their momentum.
In relation to the company’s financial health, InvestingPro data shows that AES Corp has a market capitalization of $9.23 billion.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Read the full article here