10 Oversold Value Stocks To Buy Right Now

2. The AES Corporation (NYSE:AES)

Year-to-Date Decline: 31.49%

Forward PE: 6.46

Number of Hedge Fund Holders: 47

The AES Corporation (NYSE:AES) serves as the next-generation energy company delivering green and smart energy solutions. The firm has more than four decades of experience helping the world transition to clean, renewable energy.

AES boasts a leading position in the energy transition. The firm has the privilege of being one of the top sellers of renewable power to corporate customers. It drives competitive advantage and growth through its diverse operating portfolio and development pipeline serving customers across geographies and technologies as well as a focus on innovation. Additionally, the consistent delivery of projects on time and on budget builds a solid reputation for the firm as a trusted partner of choice.

The financial performance track record for AES is solid with an annual growth in EPS, cash flow, and dividends from 2018 to 2023. During the third quarter, the firm marked certain strategic accomplishments as it completed 1.2 GW of construction and added 2.2 GW of renewables PPAs and data center load growth at US utilities. Net income attributable to The AES Corporation (NYSE:AES) grew from $231 million in Q3 2023 to $502 million.

With a massive scale, emphasis on innovation, and a solid reputation, The AES Corporation (NYSE:AES) serves as a Fortune 500 energy leader supporting a sustainable future through green solutions. With 8.1 GW signed directly with technology customers, AES remains best positioned to serve growing demand from data centers as big companies such as Google, Microsoft, and Amazon transition to renewable energy by 2030. As of Q3, the stock is held by 47 hedge funds.