AES stock on slow return: But share price of IPALCO's parent company still off 75 percent from electrifying peak

A volatile utility stock that shorted retirement savings and generated lawsuits against former IPALCO Enterprises insiders is lighting up on Wall Street. AES Corp. shares have risen 60 percent over the last year. Analysts point to debt reduction and moves to rein in what some viewed as an absurdly decentralized management structure at the Arlington, Va.-based energy giant with operations in 27 countries. Even with the stock and analyst projections looking brighter, AES shares remain a pariah to many local...

 

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