AES Corp. price target lowered to $30 from $33 at Susquehanna

Susquehanna lowered the firm’s price target on AES Corp. to $30 from $33 and keeps a Positive rating on the shares. The firm lowered its 2Q’23 adjusted EPS to $0.21 from $0.26, mostly due to their expectation for lower hydrology as well as a lag for renewables to replace coal PPAs.