AES Corp. (AES) Surges 19.8% on Potential Sale

The AES Corporation (NYSE:AES) is one of the 10 Stocks Going Wild.

AES Corporation soared by 19.78 percent on Wednesday to close at $13.26 apiece as investors gobbled up shares following reports that it was exploring a sale.

According to a report by Bloomberg, The AES Corporation (NYSE:AES) is mulling over selling the company after receiving takeover interests from large investment companies, namely BlackRock’s (BLK) Global Infrastructure Partners unit and Brookfield Asset Management.

The potential sale followed The AES Corporation’s (NYSE:AES) loss of about half of its value over the past two years.

The power sector has seen a growing acquisition interest from large companies recently due to the increasing need for power to support the growing needs of the power-hungry Artificial Intelligence data centers.

This year alone, Blackstone’s infrastructure unit took over TXNM Energy, which provides electricity to New Mexico and Texas, for $11.5 billion through a combination of cash and debt.

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Disclosure: None. This article is originally published at Insider Monkey.