Key Highlights:
- The AES Corp (AES, Financial) sees a significant short interest, topping the utilities sector at 6.17% of its floating shares.
- Wall Street analysts set a one-year average price target of $13.48, with potential upside indicators.
- GuruFocus estimates suggest a substantial upside to $18.59, almost 42% above the current level.
The Surge in Short Interest
As of June 30, short positions against The AES Corp (AES) escalated to a striking 47.95 million shares. This volume translates to 6.17% of its floating shares, making AES the most shorted equity within the utilities sector. The overall sector saw a rise in average short interest, now at 2.64% for June, indicating a growing bearish sentiment among investors.
Wall Street Analysts Forecast
In terms of price predictions, 11 leading analysts have set a one-year average target price for AES at $13.48. This reflects a modest upside of 2.97% from the stock's current trading price of $13.10. Furthermore, the high estimate towers at $23.00, while the low estimate dips to $5.00, showcasing the wide range of market expectations. Investors can explore more detailed estimates on the The AES Corp (AES, Financial) Forecast page.
Moreover, with an average brokerage recommendation of 2.5 from 15 firms, The AES Corp earns an "Outperform" rating. This metric aligns with a scale where 1.0 represents a Strong Buy and 5.0 indicates a Sell recommendation, placing AES in a favorable position.
GuruFocus Valuation Insights
According to GuruFocus' estimates, the GF Value for The AES Corp is projected at $18.59 within a year. This valuation suggests a significant potential upside of 41.96% from the current share price of $13.095. The GF Value represents GuruFocus' calculated fair value, derived from historical trading multiples, past business growth, and future performance forecasts. Investors interested in deeper insights can access more information on the The AES Corp (AES, Financial) Summary page.
With these metrics and forecasts in mind, The AES Corp presents a compelling case for investors, balancing between current bearish sentiments and optimistic growth projections.
