Why These Energy Stocks are Gaining This Week

6. The AES Corporation (NYSE:AES)

Share Price Gains Between July 7 – July 11: 9.29%

The AES Corporation (NYSE:AES), together with its subsidiaries, operates as a power generation and utility company in the United States and internationally.

The AES Corporation (NYSE:AES) soared this week following reports that the company is ‘exploring its options, including a possible sale’ to one or several ‘large investment firms’. The energy firm’s share price has fallen by more than 33% over the last year, attracting attention from investors such as Brookfield Asset Management Ltd and BlackRock Inc’s Global Infrastructure Partners (GIP).

The AES Corporation (NYSE:AES)’s renewable business has recently been hurt by President Trump’s policies, including a rapid phaseout of clean energy credits as part of his sweeping tax and spending bill.