AES
Brought more AES Today at $15.12, AES is one of my favorite plays right now, so I increased my position 40% today. here is what I like.
1) AES Recently report earnings which were excellent. They reported $1.76 adjusted which is above the $1.65-1.75 guidance they stated earlier. They set Guidance for FY 24 for adjusted eps of $1.87-1.97. That means this utility is trading at under 8 times this years eps. Under 8 times is absurd low for a utility.
2) Furthermore they have increased there growth forecast on certain metrics. And are guiding for 7-9% Adjusted EPS Growth long-term which is pretty good for a utility. To get a utility with a possible higher growth rate than PE is also very rare.
3) AES also pays a healthy dividend, currently yielding close to 4.6% so you get paid while you wait.
4) Another thing I love about AES it is a very cheap way to play data centers. Alot of there growth is being tied to these data centers, and lets face it that is going to be growing for years to come. Hence I love the fact that this is a cheap way to play that growth market.
Conclusion: I like AES A lot and will continue to buy on weakness. All is just my opinion, and I could always be wrong though.
