$AES Corp(AES)$
AES Corp. Surged +9.23%: Energy Stock Breaks Key Resistance, Taps 52-Week High at $16.19
Latest Close Data
Closed at $16.09 on Feb 3, 2026, up +9.23% ($1.36). The price touched the 52-week high of $16.19 intraday.
Core Market Drivers
The surge coincides with renewed investor interest in the utility and renewable energy sector, driven by stable dividend yields (4.37%). AES's focus on renewable energy infrastructure continues to attract long-term capital.
Technical Analysis
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Volume was strong at 24.7M shares (Volume Ratio: 2.46), confirming breakout momentum.
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The 6-day RSI jumped to 76.94, nearing overbought territory, signaling strong buying pressure.
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MACD (DIF: 0.297, DEA: 0.181, MACD: 0.233) shows a bullish crossover and expanding histogram, reinforcing the uptrend.
Key Price Levels
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Primary Support: $15.45 (Today's low & immediate pullback level)
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Strong Resistance: $16.19 (Today's & 52-week high)
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Immediate Pivot: $15.73 (Today's open price)
Valuation Perspective
Forward P/E of 6.36 sits well below its historical average of 8.58 and the sector, suggesting potential undervaluation despite the recent run-up.
Analyst Targets
Covered by 11 analysts with an average price target of $15.44. Sentiment is bullish with 2 Strong Buy, 7 Buy, 5 Hold, and 1 Underperform ratings.
Weekly Outlook
Expect consolidation near the $16.00-$16.20 resistance zone after the sharp move. A sustained close above $16.20 could target $17.00. Failure to hold $15.45 may lead to a retest of $14.73 support.
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