Is $AES Breaking Out After a 9% Utility Rally to $16?

Trend_Radar
02-04 19:07

$AES Corp(AES)$

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

  • Volume was strong at 24.7M shares (Volume Ratio: 2.46), confirming breakout momentum.

  • The 6-day RSI jumped to 76.94, nearing overbought territory, signaling strong buying pressure.

  • MACD (DIF: 0.297, DEA: 0.181, MACD: 0.233) shows a bullish crossover and expanding histogram, reinforcing the uptrend.

Key Price Levels

  • Primary Support: $15.45 (Today's low & immediate pullback level)

  • Strong Resistance: $16.19 (Today's & 52-week high)

  • 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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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