Goldman Sachs’ Top Growth Investors: 34 Stocks With The Highest Investment For Growth

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8. The AES Corporation (NYSE:AES)  

Growth Investment Ratio: 182%

Number of Hedge Fund Holders: 46

The AES Corporation (NYSE:AES) is a Virginia-based utility with nearly 35 GW of power generation capacity and a customer base exceeding 2.6 million customers. The firm generates electricity through a diversified mix of sources which include conventional and renewable sources. It benefits from the fact that as of H1 2024, 72% of its $6 billion revenue came from non-regulated power supplies. This means that The AES Corporation (NYSE:AES) is able to self-set power rates and can operate without being left at the mercy of regulators. One key way in which the firm has managed to differentiate itself from other utilities is through its renewable power generation. The AES Corporation (NYSE:AES) supplies renewable energy to some of America’s biggest data center operators such as Amazon and Google. In Q3 alone, the firm signed 2.2 GW of long-term renewable power generation for data centers. In today’s AI-driven era, these could create sizable catalysts for The AES Corporation (NYSE:AES), but the firm could suffer from headwinds faced by the broader renewable power generation sector.

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