Argus Research Upgrades The AES Corporation (AES) To Buy, Price Target at $18

The AES Corporation (NYSE:AES) is among the Top 15 Lowest P/E Ratios of the S&P 500 in 2025. On December 5, Argus Research upgraded its rating on the stock to Buy from Hold, with a share price target of $18.

The research firm cited the company’s sustainable profit growth as the reason behind the adjustment. In a research note to investors, the Argus analyst noted the potential for major improvements in the performance of the Renewables SBU in fiscal 2026, while mentioning that The AES Corporation (NYSE:AES) was set to triple renewables capacity by 2027.

As of the close of business on December 5, about 60% of the 14 Wall Street analysts with a recommendation on AES had a Buy or better rating. Moreover, its shares have a one-year average price target of $15.29, representing an upside potential of almost 10%.

On November 4, The AES Corporation (NYSE:AES) reported financial results for the third quarter of fiscal 2025. It posted adjusted EPS of $0.75, surpassing estimates of $0.712 and up 5.6% year over year. The company attributed the growth to a reduced adjusted tax rate and progress on its cost-saving initiatives.

The AES Corporation (NYSE:AES) reaffirmed its full-year guidance, with adjusted EBITDA expected to be in the range of $2.65 billion to $2.85 billion and adjusted EPS between $2.10 and $2.26.

The AES Corporation (NYSE:AES) is a power generation and utility company in the United States and internationally. The stock has had modest returns so far in 2025, gaining 8% year-to-date.

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