AES: The Rebound Played Out, The Proof Still Pending

Core Insights - AES Corporation has achieved a total return of approximately 27% since the Buy call in August of the previous year, attributed to a visible EBITDA recovery and a rerating influenced by the renewables and data sectors [1]. Company Performance - The total return of AES Corporation reflects a significant recovery in EBITDA, indicating improved operational performance [1]. - The rerating of the company is driven by trends in renewable energy and data, suggesting a positive market sentiment towards these sectors [1]. Analyst Background - The analysis is conducted by a stock analyst with over 20 years of experience in quantitative research, financial modeling, and risk management, focusing on equity valuation and market trends [1]. - The analyst has a background as a former Vice President at Barclays, leading teams in model validation and regulatory finance, which contributes to a deep expertise in both fundamental and technical analysis [1].