Jim Cramer’s Latest Watchlist: 10 Stock Picks You Need to Know

6. The AES Corporation (NYSE:AES)

Number of Hedge Fund Investors: 46

Jim Cramer was asked by a viewer for his thoughts on The AES Corporation (NYSE:AES) stock and he expressed a positive view of the company regardless of election results. He finds The AES Corporation (NYSE:AES) attractive due to its 4% yield and is surprised by its current low price. Cramer considers The AES Corporation (NYSE:AES) a good buying opportunity and recommends investing in it.

” I think it’s good at a 4% yield. I’m surprised it’s this low. It’s very inexpensive. Let’s go for it.”

The AES Corporation (NYSE:AES) is an appealing investment due to its strong commitment to renewable energy and its strategic role in the global shift towards cleaner energy. The AES Corporation (NYSE:AES) is focusing on expanding its portfolio with investments in renewable projects, such as wind and solar farms, including the notable Chevelon Butte Wind Farm. Although The AES Corporation (NYSE:AES) missed earnings expectations in Q2 2023, reporting revenue of $3.03 billion—up from $2.99 billion the previous year—its long-term growth prospects remain robust.

The AES Corporation (NYSE:AES) targets a 7%-9% annual growth rate through 2025, reflecting its potential as it continues to invest in renewable energy. The AES Corporation (NYSE:AES)’s recent move to sell a 20% stake in its AES Colon project is part of its strategy to optimize its portfolio and concentrate on high-growth, sustainable assets. Given its strong focus on renewable energy and alignment with global energy trends, The AES Corporation (NYSE:AES) is well-positioned for future growth, making it a strong candidate for long-term investment.