It's also growing capacity for renewable energy three-fold through 2027, giving it one of the largest renewable pipelines in the world.
Byrd pointed to the company's leadership in new technology, including energy storage and carbon-free electricity.
The energy stock has tumbled more than 28% this year after sidestepping 2022's bear market and finishing the year more than 18% higher.
AES YTD mountain AES, year to date The other stocks in his top ideas list for the Americas — Deere , Eastman Chemical , New Fortress Energy and Nu Holdings — remained.
AI and real-time sensing could help improve decision making around food distribution and waste, Byrd said.
Persons:
Morgan Stanley, Stephen Byrd, It's, Byrd, Nu Holdings —, Deere, That's, Nu, — CNBC's Michael Bloom
Organizations:
AES, Americas, Deere, Eastman Chemical, New Fortress Energy, Nu Holdings
Locations:
Brazil