The AES Corporation — Wall Street Analyst Estimates & Price Targets

AES

NYSEUtilitiesDiversified UtilitiesCIK 0000874761aes.comAbout AES

Last close · Oct 16, 202614.95−0.02 (−0.13%)

Market cap$10.7B

5 firms' latest targets, last 12 months: median $16.00 ($15.00–$23.00), 7% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 12 months · 5 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-02-20	HSBC	$16.00	—	—	-3%	+7%
2026-02-20	Morgan Stanley	$23.00	$24.00	▼ 4%	+41%	+54%
2026-02-03	Jefferies	$16.00	—	—	+2%	+7%
2025-12-05	Argus Research	$18.00	—	—	+29%	+20%
2025-10-21	Barclays	$15.00	—	—	+4%	+0%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2021reported	$11.1B	+15%	-$0.61	-971%	est. $10.5B+6%	est. $1.51	3
2022reported	$12.6B	+13%	-$0.82	—	est. $11.5B+10%	est. $1.64	2
2023reported	$12.7B	+0%	$0.35	—	est. $12.5B+1%	est. $1.72	6
2024reported	$12.3B	-3%	$2.36	+574%	est. $12.1B+1%	est. $1.91	6
2025reported	$12.2B	+0%	$1.26	-47%	est. $12.1B+1%	est. $2.13	4
2026	$12.1B	-1%	$2.30	+8%	$11.5B–$12.7B	$1.97–$2.67	2
2027	$11.9B	-2%	$2.46	+7%	$10.9B–$12.8B	$2.23–$2.67	4
2028	$12.4B	+5%	$2.67	+9%	$10.2B–$15.1B	$2.42–$2.92	5

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$16.00median target, 7% above the last close

Firms with a target · last 12 months: 5
Lowest – highest target: $15.00 – $23.00
Current grades of 8 firms: positive / neutral / negative: 1 / 7 / 0
Upgrades / downgrades · 12 months: 3 / 5
Consensus revenue growth · next 3 FY: +1% a year

Current grades

each firm's latest · 8 firms

As of	Firm	Grade
2026-05-07	Barclays	“Equal Weight”
2026-04-09	Susquehanna	“Neutral”
2026-03-26	Argus Research	“Hold”
2026-03-06	Morgan Stanley	“Equal Weight”
2026-03-03	Mizuho	“Neutral”
2026-02-27	Seaport Global	“Neutral”
2026-02-04	Jefferies	“Hold”
2026-01-29	J.P. Morgan	“Overweight”

Grade changes

last 24 months · 13

Date	Firm	Grade
2026-04-09	Susquehanna	“Positive” → “Neutral” downgrade
2026-03-26	Argus Research	“Buy” → “Hold” downgrade
2026-03-06	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2026-03-03	Mizuho	“Outperform” → “Neutral” downgrade
2026-02-27	Seaport Global	“Sell” → “Neutral” upgrade
2026-02-04	Barclays	“Overweight” → “Equal Weight” downgrade
2025-12-05	Argus Research	“Hold” → “Buy” upgrade
2025-11-18	Jefferies	“Underperform” → “Hold” upgrade
2025-05-27	Argus Research	“Buy” → “Hold” downgrade
2025-05-20	Jefferies	“Hold” → “Underperform” downgrade

33 more

2025-04-10	Jefferies	“Buy” → “Hold” downgrade
2025-03-04	Bank of America	“Underperform” → “Neutral” upgrade
2025-03-03	Seaport Global	“Neutral” → “Sell” downgrade
2024-05-21	Seaport Global	“Buy” → “Neutral” downgrade
2023-10-06	UBS	“Buy” → “Neutral” downgrade
2023-06-22	Bank of America	“Buy” → “Neutral” downgrade
2023-04-17	Wolfe Research	“Outperform” → “Peer Perform” downgrade
2023-03-31	Susquehanna	“Positive” → “Outperform” revised
2023-03-31	CFRA	“Hold” → “Buy” upgrade
2023-01-31	CFRA	“Hold” → “Buy” upgrade
2022-08-05	CFRA	“Buy” → “Hold” downgrade
2021-08-06	Wolfe Research	“Peer Perform” → “Outperform” upgrade
2021-06-21	Susquehanna	“Positive” → “Outperform” revised
2020-08-06	CFRA	“Sell” → “Hold” upgrade
2020-05-07	CFRA	“Hold” → “Sell” downgrade
2020-04-02	RBC Capital	“Sector Perform” → “Outperform” upgrade
2020-03-30	Bank of America	“Neutral” → “Buy” upgrade
2020-03-23	Morgan Stanley	“Equal Weight” → “Overweight” upgrade
2020-03-16	UBS	“Neutral” → “Buy” upgrade
2019-06-20	Bank of America	“Underperform” → “Neutral” upgrade
2019-05-22	Argus Research	“Hold” → “Buy” upgrade
2018-07-02	Bank of America	“Neutral” → “Underperform” downgrade
2018-05-16	Bank of America	“Buy” → “Neutral” downgrade
2018-05-05	Argus	“Buy” → “Hold” downgrade
2017-11-13	Bank of America	“Neutral” → “Buy” upgrade
2017-01-04	RBC Capital	“Outperform” → “Sector Perform” downgrade
2016-11-22	Bank of America	“Neutral” → “Underperform” downgrade
2016-10-04	Barclays	“Overweight” → “Equal Weight” downgrade
2016-10-03	UBS	“Neutral” → “Sell” downgrade
2015-10-19	Argus	“Buy” → “Hold” downgrade
2015-06-05	J.P. Morgan	“Neutral” → “Overweight” upgrade
2015-02-10	Bank of America	“Buy” → “Neutral” downgrade
2013-01-07	Evercore ISI	“Hold” → “Buy” upgrade

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.