AES) has been downgraded from Neutral to Underperform. The
change in rating comes as the utility faces high exposure to foreign
currency and increased political risks. Wholesale markets have also
been weak of late due to the tepid global economy.
The AES Corporation (AES), incorporated in 1981, is a global power
company spread over 27 countries in five continents. AES Corporation
operates in two lines of business Generation and Utilities.
The AES Corporation reported second quarter 2012 adjusted earnings per
share (EPS) of $0.14, missing
the Zacks Consensus Estimate of $0.26 and the year-ago figure of
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