Aes stock price forecast recent momentum in the utility sector

Recent momentum in the utility sector reflects defensive investor positioning amid interest rate uncertainty. Trading volume has remained stable, suggesting institutional confidence. Meanwhile, cryptocurrency markets saw a notable rebound. Bitcoin (CRYPTO: BTC ) rose 3.3% to $117,800, Ethereum (CRYPTO: ETH ) jumped 4.5% and Solana (CRYPTO: SOL ) soared 5%. AES New York Stock Exchange AES New York Stock Exchange Analysts tracking AES stock price forecast note that the company’s expanding renewable portfolio could lift earnings per share to $0.54 in Q3 2024, potentially supporting a move above the $23.00 technical resistance. RSI readings remain neutral, hinting at balanced buying pressure.