NASDAQ:ASNS 5 March 2026

March 26, 2026, 9:53 AM EDT. The AES Corporation (AES) is capitalizing on the rapid growth of data centers, driven by increased AI and cloud computing demands. Data centers require continuous, reliable power and face pressure to meet sustainability goals, favoring AES's renewable energy solutions. With around 4.2 GW of operational data center Power Purchase Agreements (PPAs) and 8.2 GW signed, AES recently secured deals including a major PPA with Google for its Wilbarger County data center. This strategy supports stable revenues and infrastructure growth in a booming market. Competitors like Xcel Energy (XEL) and GE Vernova (GEV) also report strong pipelines tied to AI-related power needs. AES trades at a forward P/E of 5.84x, below the industry's 16.11x average, with shares up 6.9% in six months. Zacks assigns AES a Hold rating, signaling cautious optimism amid expanding energy demands in tech sectors.