AES Corp
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Company profile

The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia. As of December 31, 2016, its United States SBU had 18 generation facilities and two integrated utilities in the United States. As of December 31, 2016, its Andes SBU had generation facilities in three countries. Its Brazil SBU has generation and distribution businesses, Eletropaulo and Tiete. As of December 31, 2016, its MCAC SBU had a portfolio of distribution businesses and generation facilities, including renewable energy, in five countries. As of December 31, 2016, its Europe SBU had generation facilities in five countries. As of December 31, 2016, its Asia SBU had generation facilities in three countries.

Closing Price
$18.29
Day's Change
0.00 (0.00%)
Bid
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Ask
--
B/A Size
--
Day's High
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Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
4,066,235
0

UPDATE: Amazon is officially worth $1 trillion, joining other tech titans

4:54 pm ET February 4, 2020 (MarketWatch)
Print

By Jon Swartz

On fifth try, Amazon maintains valuation through the close to jump into exclusive club with Apple, Microsoft and Alphabet

The fifth time was the charm for Amazon.com Inc.

After several close calls, Amazon (AMZN) officially became the fourth tech company to join the $1 trillion club Tuesday. Shares of Amazon increased 2.3% , to close at $1.021 trillion in market value, according to FactSet.

The e-commerce giant has touched $1 trillion on Monday and last week, but failed to maintain the valuation through the close (http://www.marketwatch.com/story/amazon-set-to-become-fourth-us-tech-company-worth-1-trillion-2020-01-31). It also was above $1 trillion in intraday trading last July and on Sept. 4, 2018, but fell short each time. Market capitalizations are only considered official at the close of trading.

See also:Amazon fails to maintain $1 trillion valuation again (http://www.marketwatch.com/story/amazon-set-to-become-fourth-us-tech-company-worth-1-trillion-2020-01-31)

Amazon's latest journey toward $1 trillion was in reaction to strong fourth-quarter results released Thursday afternoon. Amazon reported record holiday-season sales and stronger profit than expected despite spending heavily on halving delivery times for Prime subscribers.

For more:Amazon's record holiday sales send stock soaring toward $1 trillion valuation (http://www.marketwatch.com/story/amazon-earnings-return-to-growth-in-holiday-season-sending-stock-soaring-toward-1-trillion-valuation-2020-01-30)

Apple Inc. (AAPL) was the initial member of the exclusive $1 trillion club in August 2018, when Amazon was largely seen as its main competition for the honor (http://www.marketwatch.com/story/apple-crosses-threshold-needed-for-1-trillion-market-cap-2018-08-02). Amazon was beaten to the mark by Microsoft Corp. (MSFT) last year and Google parent Alphabet Inc. (GOOGL) (GOOGL) , which topped $1 trillion for the first time last month (http://www.marketwatch.com/story/google-parent-alphabet-joins-1-trillion-in-market-value-for-first-time-2020-01-16) but has since dipped below.

Tech's biggest brands have cracked the so-called four-comma club despite investigations of their business practices and market dominance by the Department of Justice and Federal Trade Commission. In addition to Amazon, Apple, and Alphabet, Facebook Inc. (FB) is also being probed.

And market valuations are likely to climb, analysts predict. Last week, Wedbush Securities analyst Daniel Ives predicted so-called FAANG companies will lead the industry's stocks up another 25% in 2020. Meanwhile, longtime Apple analyst Gene Munster believes Apple can reach $2 trillion in 2020.

-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

February 04, 2020 16:54 ET (21:54 GMT)

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