These 10 Stocks Defied Thursday’s Slump

8. The AES Corporation (NYSE:AES)

The AES Corp. rose by 3.80 percent on Thursday to end at $12.28 apiece as investor confidence continued, thanks to bullish analyst outlooks for the company.

Earlier, Mad Money host Jim Cramer suggested in his show that it was already time to pick up shares in AES.

“What is that, 5 percent yield? It’s down way too low. I think it’s time to pick up that utility,” he said.

Last week, Bank of America also upgraded AES’ rating to “neutral” from “underperform” previously, while raising its price target to $13 from $11.

The bank said AES’ revised strategy, which involves capital spending cuts and a more achievable renewables growth target, improves its execution visibility. However, Bank of America underscored risks for AES regarding asset sales and funding constraints.

Earlier, AES announced that it would expand its renewable energy capacity by bringing more than 3 GW of renewable energy online in 2025.