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This Utility Stock Is Soaring on a Takeover Report. Why It Could Be an AI Play
Investopedia· 2025-10-01 18:25
Energy company AES may be purchased in one of the largest infrastructure takeovers ever. Close Key Takeaways AES (AES) shares jumped 16% Wednesday afternoon following a report the renewable energy provider is in talks to be acquired by BlackRock's (BLK) Global Infrastructure Partners (GIP). The Financial Times said the purchase could be worth $38 billion, which would make it one of the largest infrastructure takeovers ever, and could be announced within days. The report noted that AES is strapped with $29 ...