Is AES a good stock to buy right now?

Based on our 6-factor quantitative model, AES CORP (AES) receives a "Hold" rating with a composite score of 46.1/100. It is ranked #1,905 out of 4,446 stocks. Key factor scores: Quality 39/100, Value 54/100, Momentum 51/100. The timing signal is "Neutral". This is quantitative analysis only — not investment advice.

What is the stock rating for AES?

AES CORP (AES) has a "Hold" rating and 3-star score. The composite score of 46.1 ranks it #1,905 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is AES in?

AES CORP operates in the Materials sector (Construction Materials industry) with a market cap of $10.13 billion. It is classified as a large-cap stock.

Does AES pay a dividend?

AES does not currently pay a regular dividend. The company may be reinvesting profits for growth.

What is AES's P/E ratio?

AES has a trailing P/E ratio of 20.22x. The Materials sector average is 26.5x. This P/E is in a moderate range relative to the broader market.

How profitable is AES?

AES's quality factor score is 39/100. Gross margin: 18.7%. ROE: 5.6% vs sector average 3.3%. Margins are moderate to low, reflecting competitive market dynamics.

How is AES valued compared to peers?

AES's value factor score is 54/100 (higher = cheaper). Key multiples: P/E 20.2x, EV/EBITDA 5.0x. Valuation is roughly in line with peers.

What is AES's debt level?

AES's debt-to-equity ratio is 438%. Sector average: 41%. Elevated leverage increases credit risk.

AES has a beta of 1.12, meaning it tracks the market. Stability score: 59/100.

Does AES have high short interest?

AES's short interest factor score is 48/100 (higher = less short selling). Elevated short interest may indicate bearish sentiment or short squeeze potential.

AES Stock Analysis: Hold (Score 46.1/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
AES	-0.14%	+0.63%	+1.27%	+0.35%	+39.71%	-	-	-
Industry Proxy XLB	+0.56%	+3.07%	+4.17%	+14.58%	-33.54%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	-0.07%	-2.97%	+0.93%	+0.71%	+10.18%	-	-	-
Alpha vs Sector	-0.70%	-2.45%	-2.90%	-14.23%	+73.25%	-	-	-

Metric	AES	Benchmark
P/E Ratio	20.2x	-24%
EV/EBITDA	5.0x	-16%
Price / Book	1.1x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
CF CF Industries Holdings, Inc.	57	50	72	66	11.8x	21.1%	36.2%	24.9%	5.5%	41.0x	$19.7B	VS
NTR Nutrien Ltd.	57	37	70	64	54.2x	11.5%	29.0%	2.7%	-	52.0x	$35.9B	VS
UAN CVR PARTNERS, LP	56	50	71	67	12.0x	42.4%	28.5%	17.8%	23.1%	265.0x	$1.3B	VS
LXU LSB INDUSTRIES, INC.	54	50	54	73	41.2x	-3.3%	8.6%	-4.5%	11.0%	85.0x	$1.1B	VS
AA Alcoa Corp	54	50	61	71	18.7x	16.6%	10.0%	8.0%	3.1%	40.0x	$19.0B	VS
MEOH METHANEX CORP	53	34	76	72	24.6x	47.8%	19.1%	6.7%	-	149.0x	$4.6B	VS
NGVT Ingevity Corp	53	50	68	66	53.4x	-638.7%	38.1%	-12.1%	-14.7%	5,459.0x	$2.5B	VS
SEE SEALED AIR CORP/DE	52	50	67	59	11.2x	44.7%	30.2%	10.4%	0.5%	318.0x	$6.2B	VS
ACU ACME UNITED CORP	51	50	71	51	16.4x	9.0%	39.4%	5.2%	-11.5%	45.0x	$171M	VS
APD Air Products & Chemicals, Inc.	51	50	49	50	179.2x	2.4%	31.6%	2.2%	3.9%	114.0x	$64.4B	VS
AES AES CORP	46	39	54	51	20.2x	5.6%	18.7%	3.6%	13.9%	438.0x	$10.1B

Key Ratio	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Gross Margin %	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.3%	0.2%	0.2%	0.2%	0.2%
Operating Margin %	0.1%	0.0%	0.1%	0.0%	0.0%	-0.1%	0.2%	0.2%	0.2%	0.2%	0.1%
EBITDA Margin %	0.2%	0.1%	0.2%	0.1%	0.1%	0.0%	0.3%	0.3%	0.4%	0.3%	0.2%
Net Margin %	0.0%	0.0%	0.1%	-0.0%	-0.0%	-0.1%	0.0%	0.0%	0.1%	-0.2%	0.0%
FCF Margin %	-29.3%	-	-	-	-	-	8.9%	0.6%	2.1%	3.1%	4.0%
ROE %	0.1%	0.0%	0.1%	-0.0%	-0.1%	-0.2%	0.1%	0.2%	0.9%	-0.1%	-0.3%
ROA %	0.0%	0.0%	0.0%	-0.0%	-0.0%	-0.0%	0.0%	0.0%	0.1%	-0.0%	-0.0%
ROIC %	1.4%	0.7%	9.2%	1.4%	1.7%	-11.1%	5.9%	6.1%	8.1%	6.5%	4.2%

Key Ratio

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

Gross Margin %

0.2%

0.3%

0.2%

Operating Margin %

0.1%

0.0%

0.1%

0.0%

-0.1%

0.2%

0.1%

EBITDA Margin %

0.2%

0.1%

0.2%

0.1%

0.0%

0.3%

0.4%

0.3%

0.2%

Net Margin %

0.0%

0.1%

-0.0%

-0.1%

0.0%

0.1%

-0.2%

0.0%

FCF Margin %

-29.3%

8.9%

0.6%

2.1%

3.1%

4.0%

ROE %

0.1%

0.0%

0.1%

-0.0%

-0.1%

-0.2%

0.1%

0.2%

0.9%

-0.1%

-0.3%

ROA %

0.0%

-0.0%

0.0%

0.1%

-0.0%

ROIC %

1.4%

0.7%

9.2%

1.4%

1.7%

-11.1%

5.9%

6.1%

8.1%

6.5%

4.2%

Line Item	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
	$12.4B	$12.2B	$12.3B	$12.7B	$12.6B	$11.1B	$9.7B	$10.2B	$10.7B	$10.5B	$13.6B	$11.3B
	—	$10.0B	$10.0B	$10.2B	$10.1B	$8.4B	—	—	—	—	—	—
	$2.4B	$2.2B	$2.3B	$2.5B	$2.5B	$2.7B	$2.7B	$2.3B	$2.6B	$2.5B	$2.4B	$2.7B
Gross Margin	18.7%	18.1%	18.9%	19.8%	20.2%	24.3%	27.9%	23.1%	24.0%	23.4%	23.2%	23.6%
	—	$1.5B	$1.3B	$1.1B	$1.1B	$1.1B	$1.1B	$1.0B	$1.0B	$1.2B	$1.2B	$1.1B
Total Operating Expenses	—	$2.1B	$1.4B	$2.4B	$2.5B	$3.4B	—	—	—	—	—	—
	$678M	$75M	$894M	$104M	$96M	-$644M	$1.6B	$1.7B	$2.2B	$1.8B	$1.1B	$2.2B
EBIT	$678M	$75M	$894M	$104M	$96M	-$644M	$1.6B	$1.7B	$2.2B	$1.8B	$1.1B	$2.2B
EBITDA	$2.0B	$1.5B	$2.2B	$1.2B	$1.1B	$412M	$2.5B	$2.9B	$3.8B	$2.9B	$2.3B	$3.5B
Operating Margin	5.1%	0.6%	7.3%	0.8%	0.8%	-5.8%	16.7%	18.5%	17.9%	16.9%	10.5%	19.6%
EBITDA Margin	16.4%	12.5%	17.6%	9.7%	9.1%	3.7%	26.0%	28.9%	35.1%	27.9%	16.7%	31.0%
	—	$1.4B	$1.5B	$1.3B	$1.1B	$911M	$1.2B	$1.1B	$1.2B	$1.2B	$1.4B	$1.1B
	—	$75M	$894M	$104M	$96M	-$644M	—	—	—	—	—	—
Income Tax Expense	—	-$181M	$59M	$261M	$265M	-$133M	$216M	$352M	$708M	$990M	-$188M	$412M
	$509M	$162M	$802M	-$182M	-$505M	-$951M	$152M	$477M	$2.8B	-$148M	-$777M	$762M
Net Margin	3.6%	1.3%	6.5%	-1.4%	-4.0%	-8.5%	1.6%	4.7%	12.6%	-18.4%	1.9%	6.8%
	$1.26	$1.26	$2.38	$0.37	$-0.82	$-0.61	$0.07	$0.46	$1.82	-	$-1.72	$0.45
Diluted EPS	$1.26	$1.26	$2.36	$0.35	$-0.82	$-0.61	$0.07	$0.46	$1.82	-	$-1.72	$0.45
Weighted Avg Basic	—	712M	706M	669M	668M	666M	—	—	—	—	—	—
Weighted Avg Diluted	—	714M	713M	712M	668M	666M	—	—	—	—	—	—

Line Item

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

$12.4B

$12.2B

$12.3B

$12.7B

$12.6B

$11.1B

$9.7B

$10.2B

$10.7B

$10.5B

$13.6B

$11.3B

—

$10.0B

$10.2B

$10.1B

$8.4B

—

$2.4B

$2.2B

$2.3B

$2.5B

$2.7B

$2.3B

$2.6B

$2.5B

$2.4B

$2.7B

Gross Margin

18.7%

18.1%

18.9%

19.8%

20.2%

24.3%

27.9%

23.1%

24.0%

23.4%

23.2%

23.6%

—

$1.5B

$1.3B

$1.1B

$1.0B

$1.2B

$1.1B

Total Operating Expenses

—

$2.1B

$1.4B

$2.4B

$2.5B

$3.4B

—

$678M

$75M

$894M

$104M

$96M

-$644M

$1.6B

$1.7B

$2.2B

$1.8B

$1.1B

$2.2B

EBIT

$678M

$75M

$894M

$104M

$96M

-$644M

$1.6B

$1.7B

$2.2B

$1.8B

$1.1B

$2.2B

EBITDA

$2.0B

$1.5B

$2.2B

$1.2B

$1.1B

$412M

$2.5B

$2.9B

$3.8B

$2.9B

$2.3B

$3.5B

Operating Margin

5.1%

0.6%

7.3%

0.8%

-5.8%

16.7%

18.5%

17.9%

16.9%

10.5%

19.6%

EBITDA Margin

16.4%

12.5%

17.6%

9.7%

9.1%

3.7%

26.0%

28.9%

35.1%

27.9%

16.7%

31.0%

—

$1.4B

$1.5B

$1.3B

$1.1B

$911M

$1.2B

$1.1B

$1.2B

$1.4B

$1.1B

—

$75M

$894M

$104M

$96M

-$644M

—

Income Tax Expense

—

-$181M

$59M

$261M

$265M

-$133M

$216M

$352M

$708M

$990M

-$188M

$412M

$509M

$162M

$802M

-$182M

-$505M

-$951M

$152M

$477M

$2.8B

-$148M

-$777M

$762M

Net Margin

3.6%

1.3%

6.5%

-1.4%

-4.0%

-8.5%

1.6%

4.7%

12.6%

-18.4%

1.9%

6.8%

$1.26

$2.38

$0.37

$-0.82

$-0.61

$0.07

$0.46

$1.82

$-1.72

$0.45

Diluted EPS

$1.26

$2.36

$0.35

$-0.82

$-0.61

$0.07

$0.46

$1.82

$-1.72

$0.45

Weighted Avg Basic

—

712M

706M

669M

668M

666M

—

Weighted Avg Diluted

—

714M

713M

712M

668M

666M

—

AES CORP (AES) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does AES CORP Do?

AES Indiana operates as a regulated electric utility. The company generates, transmits, distributes, and sells electric energy to approximately 516,000 residential, commercial, and industrial customers in the city of Indianapolis, as well as neighboring cities, towns, communities, and adjacent rural areas within the state of Indiana. It owns and operates four generating stations, including a coal-fired station in Petersburg; the natural gas and fuel oil station in Harding Street; a combined cycle gas turbine natural gas plant in Eagle Valley; and the small peaking station that uses natural gas in Georgetown. The company was formerly known as Indianapolis Power & Light Company and changed its name to AES Indiana in February 2021. The company was incorporated in 1926 and is based in Indianapolis, Indiana. AES Indiana is a subsidiary of IPALCO Enterprises, Inc. AES CORP (AES) is classified as a large-cap stock in the Materials sector, specifically within the Construction Materials industry. The company is led by CEO Andrés Ricardo Gluski Weilert and employs approximately 8,450 people, headquartered in Arlington, Virginia. With a market capitalization of $10.1B, AES is one of the prominent companies in the Materials sector.

AES CORP (AES) Stock Rating — Hold (April 2026)

As of April 2026, AES CORP receives a Hold rating with a composite score of 46.1/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.AES ranks #1,905 out of 4,446 stocks in our coverage universe. Within the Materials sector, AES CORP ranks #128 of 284 stocks, placing it in the upper half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

AES Stock Price and 52-Week Range

AES CORP (AES) currently trades at $14.39. The stock lost $0.02 (0.1%) in the most recent trading session. The 52-week high for AES is $17.65, which means the stock is currently trading -18.5% from its annual peak. The 52-week low is $9.46, putting the stock 52.1% above its annual trough. Recent trading volume was 6.1M shares, reflecting moderate market activity.

Is AES Overvalued or Undervalued? — Valuation Analysis

AES CORP (AES) carries a value factor score of 54/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 20.22x, compared to the Materials sector average of 26.50x — a discount of 24%. The price-to-book ratio stands at 1.13x, versus the sector average of 2.83x. The price-to-sales ratio is 0.83x, compared to 0.74x for the average Materials stock. On an enterprise value basis, AES trades at 5.04x EV/EBITDA, versus 6.01x for the sector.

Overall, AES's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

AES CORP Profitability — ROE, Margins, and Quality Score

AES CORP (AES) earns a quality factor score of 39/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 5.6%, compared to the Materials sector average of 3.3%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 1.0% versus the sector average of 0.6%.

On a margin basis, AES CORP reports gross margins of 18.7%, compared to 29.8% for the sector. The operating margin is 5.1% (sector: 6.0%). Net profit margin stands at 3.6%, versus 3.0% for the average Materials stock. Revenue growth is running at 13.9% on a trailing basis, compared to 1.8% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

AES Debt, Balance Sheet, and Financial Health

AES CORP has a debt-to-equity ratio of 438.0%, compared to the Materials sector average of 41.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 0.77x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $30.85B. Cash and equivalents stand at $1.76B.

AES has a beta of 1.12, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for AES CORP is 59/100, reflecting average volatility within the normal range for its sector.

AES CORP Revenue and Earnings History — Quarterly Trend

In TTM 2026, AES CORP reported revenue of $12.42B and earnings per share (EPS) of $1.26. Net income for the quarter was $509M. Gross margin was 18.7%. Operating income came in at $678M.

In FY 2025, AES CORP reported revenue of $12.23B and earnings per share (EPS) of $1.26. Net income for the quarter was $162M. Gross margin was 18.1%. Revenue grew -0.4% year-over-year compared to FY 2024. Operating income came in at $75M.

In Q3 2025, AES CORP reported revenue of $3.35B and earnings per share (EPS) of $0.89. Net income for the quarter was $517M. Gross margin was 21.9%. Revenue grew 1.9% year-over-year compared to Q3 2024. Operating income came in at $327M.

In Q2 2025, AES CORP reported revenue of $2.85B and earnings per share (EPS) of $-0.15. Net income for the quarter was $-150M. Gross margin was 15.9%. Revenue grew -3.0% year-over-year compared to Q2 2024. Operating income came in at $39M.

Over the past 8 quarters, AES CORP has demonstrated a growth trajectory, with revenue expanding from $2.94B to $12.42B. Investors analyzing AES stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

AES Dividend Yield and Income Analysis

AES CORP (AES) does not currently pay a dividend. This is common among growth-oriented companies in the Construction Materials industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Materials dividend stocks may want to explore other Materials stocks or use the stock screener to filter by dividend yield.

AES Momentum and Technical Analysis Profile

AES CORP (AES) has a momentum factor score of 51/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 28/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 48/100 reflects moderate short selling activity.

AES vs Competitors — Materials Sector Ranking and Peer Comparison

Within the Materials sector, AES CORP (AES) ranks #128 out of 284 stocks based on the Blank Capital composite score. This places AES in the upper half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.

Comparing AES against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full AES vs S&P 500 (SPY) comparison to assess how AES CORP stacks up against the broader market across all factor dimensions.

AES Next Earnings Date

No upcoming earnings date has been announced for AES CORP (AES) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy AES? — Investment Thesis Summary

AES CORP presents a balanced picture with arguments on both sides. The quality score of 39/100 flags below-average profitability.

In summary, AES CORP (AES) earns a Hold rating with a composite score of 46.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on AES stock.

Related Resources for AES Investors

Explore more research and tools: AES vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare AES head-to-head with peers: AES vs CF, AES vs NTR, AES vs UAN.

Business quality

Valuation edge

Market alpha

Unlock Investment Thesis

Unlock Performance & Technicals

Unlock Valuation Tools

Institutional peer matrix

Dispersion: efficiency vs. valuation

Lateral intelligence network

Unlock Financial Statements

Unlock Ownership & Management

Intelligence Feed

AES Merger And 2028 Notes Amendments Reshape Capital Structure For Investors

The AES Corporation (AES) Wins Holder Approval for Indenture Amendments Related to Pending Merger

This Shake Shack Analyst Turns Bullish; Here Are Top 4 Upgrades For Friday

This Nike Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Is AES (AES) Offering Value After A 48% One Year Share Price Rebound?

Unlock Earnings Transcripts

Institutional Intelligence FAQ

Related Research & Tools

Related Materials Stocks

AES CORP (AES) Stock Analysis — April 2026 Rating, Price, and Forecast

Company Overview — What Does AES CORP Do?

AES CORP (AES) Stock Rating — Hold (April 2026)

AES Stock Price and 52-Week Range

Is AES Overvalued or Undervalued? — Valuation Analysis

AES CORP Profitability — ROE, Margins, and Quality Score

AES Debt, Balance Sheet, and Financial Health

AES CORP Revenue and Earnings History — Quarterly Trend

AES Dividend Yield and Income Analysis

AES Momentum and Technical Analysis Profile

AES vs Competitors — Materials Sector Ranking and Peer Comparison

AES Next Earnings Date

Should You Buy AES? — Investment Thesis Summary

Related Resources for AES Investors

Comments

Institutional Benchmarks

Related research

Get alerted on rating changes

Intelligence Feed

AES Merger And 2028 Notes Amendments Reshape Capital Structure For Investors

The AES Corporation (AES) Wins Holder Approval for Indenture Amendments Related to Pending Merger

This Shake Shack Analyst Turns Bullish; Here Are Top 4 Upgrades For Friday

This Nike Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Is AES (AES) Offering Value After A 48% One Year Share Price Rebound?