Wall Street Optimism Spills Over to These 10 Stocks on Friday

6. The AES Corporation (NYSE:AES)

The AES Corporation saw its share prices jump by 11.66 percent on Friday to end at $11.59 apiece as investors cheered news of its stellar earnings performance last year.

In a statement, AES said net income attributable to the company spiked by 597 percent to $1.686 billion last year from $242 million in 2023, while revenues inched down by 3 percent to $12.28 billion from $12.67 billion.

In the fourth quarter alone, AES swung to a net income of $560 million from a net loss of $94 million, despite revenues dipping by 0.2 percent to $2.96 billion from $2.97 billion in the same period a year earlier.

Looking ahead, AES said it was on track to achieve targets of signing 14 to 17 gigawatts of signed power purchase agreements between 2023 and 2025, with another 3.2 GW of renewable energy expected to be completed this year.