Why AES Stock Is Soaring Today
The AES Corporation (NYSE: AES) stock surged Wednesday morning on reports a unit of private equity powerhouse (NYSE: BLK) intends to acquire the electricity utility -- and pay $38 billion for the privilege.
AES stock rose 13.7% through 9:50 a.m. ET on the news, and BlackRock stock fell 1.5%.
Image source: Getty Images.
Source Fool.com
AES Corporation Stock
€12.43
2.400%
We see a rather positive sentiment for AES Corporation with 13 Buy predictions and 1 Sell predictions.
As a result the target price of 13 € shows a slightly positive potential of 4.57% compared to the current price of 12.43 € for AES Corporation.
