BofA Securities analyst Dimple Gosai initiates coverage on $The AES Corp (AES.US)$ with a sell rating, and sets the target price at $11.
According to TipRanks data, the analyst has a success rate of 40.0% and a total average return of -19.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $The AES Corp (AES.US)$'s main analysts recently are as follows:
AES Corp is currently undergoing a significant transformation with the goal of nearly tripling its renewable energy capacity by 2027, while simultaneously phasing out coal and gas plants. It is anticipated that the transition period may be turbulent, and the efforts to fund this growth could exert pressure on the balance sheet.
The firm anticipates a clearer picture regarding the future impact of the Inflation Reduction Act when the upcoming administration presents its budget proposal for fiscal year 2026, expected around February or March 2025. Updates to the price targets have been made to reflect base-case scenarios considering a complete repeal of the IRA's tax credits for wind and solar.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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