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AES Corporation - AES STOCK NEWS

Welcome to our dedicated page for AES Corporation news (Ticker: AES), a resource for investors and traders seeking the latest updates and insights on AES Corporation stock.

The AES Corporation (NYSE: AES) is a Fortune 500 global energy company dedicated to accelerating the future of energy. Operating in 15 countries, AES serves more than 2.5 million customers with its diverse portfolio, including over 35 gigawatts of generation capacity, spanning renewable energy (53%), gas (27%), coal (18%), and oil (2%). With a workforce of 18,500 people, AES focuses on delivering affordable, sustainable energy solutions to meet the world's evolving power needs. The company has achieved significant milestones, including signing new contracts for 5.6 GW of renewables in 2023 and completing the construction of 3.5 GW of renewable projects the same year. AES's financial performance is robust, with 2023 revenues of $12.7 billion and adjusted EBITDA of $2.8 billion. Recent strategic moves include the sale of its 47.3% equity interest in AES Brasil for approximately $640 million and a $950 million issuance of green notes to fund eligible green projects. AES continues to solidify its position as a leader in providing smarter, greener energy solutions through innovation, operational excellence, and strategic partnerships. For more information, visit www.aes.com.

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Air Products and AES Corporation are investing around $4 billion to establish the largest green hydrogen production facility in the U.S., located in Wilbarger County, Texas. The facility, set to begin operations in 2027, will generate over 200 metric tons of green hydrogen daily, utilizing 1.4 GW of renewable energy sources. It aims to meet increasing demands for zero-carbon fuels, potentially avoiding more than 50 million metric tons of CO2 emissions over its lifetime. The partnership will create over 1,600 jobs and provide significant tax benefits.

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Air Products and AES Corporation announced plans to invest $4 billion in a green hydrogen production facility in Wilbarger County, Texas. The facility, with 1.4 GW of renewable energy capacity, aims to produce over 200 metric tons of green hydrogen per day, making it the largest in the U.S. Set for commercial operations in 2027, it will significantly reduce carbon dioxide emissions, aiding the mobility market. The project is expected to create 1,300 construction and 115 permanent jobs, while generating $500 million in tax benefits for Texas.

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The AES Corporation (NYSE: AES) announced a 5% increase in its quarterly common stock dividend, raising it from $0.1580 to $0.1659 per share. This dividend will be effective in the first quarter of 2023 and is set to be paid on February 15, 2023, to shareholders on record as of February 1, 2023.

This increase reflects AES's commitment to delivering value to its shareholders while continuing its focus on sustainable energy solutions.

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AM Best has upgraded the Financial Strength Rating of AES Global Insurance Company (AGIC) from A- to A and the Long-Term Issuer Credit Rating from “a-” to “a”. The outlook for both ratings is stable. This upgrade reflects AGIC’s very strong balance sheet and solid operating performance, along with improved credit profile from its parent, The AES Corporation. AGIC's role in AES's risk management strategy is emphasized, noting sustained improvements in capitalization and underwriting performance.

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The AES Corporation reported its Q3 2022 results, showcasing significant growth in renewable projects and financial performance. The company signed 3.2 GW of Power Purchase Agreements (PPAs) this year, boosting its backlog to 11.2 GW. It expects Adjusted EPS for the full year to reach the high end of its guidance range of $1.55 to $1.65, up from $1.18 year-to-date. Q3 2022 Diluted EPS rose to $0.59, reflecting higher margins in the Mexico and Central America region despite some challenges in US operations. AES aims for a 7% to 9% annual growth rate through 2025.

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AES Corporation (NYSE: AES) announced the winners of its 2022 Energy Innovation Challenge, with three graduate students from the University of Dayton taking the top prize for their Project Oasis, an indoor farming system powered by solar energy. The challenge encourages innovative solutions to energy issues, featuring teams from four universities. The second-place team from Johns Hopkins University focused on decarbonizing steel production. AES aims to accelerate the clean energy transition and foster new talent in the energy sector.

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The AES Corporation (NYSE: AES) announced the dedication of its Luna Battery Storage (100 MW, 400 MWh) and Lancaster Area Battery Storage (127 MW, 508 MWh) projects in California. Completed in August and September 2022, these facilities are among the largest battery storage installations globally. They can power 170,000 homes for four hours, contributing to California's energy grid stability and supporting its 2045 zero-carbon emissions goal. AES's facilities significantly aided power demands during a heatwave on September 6, 2022, discharging nearly 280 MW to the grid.

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The AES Corporation (NYSE: AES) has declared a quarterly dividend of $0.1580 per share, payable on November 15, 2022. Shareholders on record as of November 1, 2022 are eligible. This announcement underscores AES's commitment to providing shareholder returns while continuing to advance its energy solutions. The company aims to deliver sustainable energy solutions aimed at improving lives around the globe. For detailed information regarding dividend tax treatment, visit www.aes.com.

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AES Corporation (NYSE: AES) will conduct a conference call on November 4, 2022 at 10:00 a.m. ET to discuss its third quarter 2022 financial results. The call will feature prepared remarks and a Q&A session, open for media and public attendance via teleconference and webcast. Participants can join by calling 1-844-200-6205 or +1-929-526-1599 for international callers, using access code 298360. A replay will be available on the company's website shortly after the call. For more details, visit www.aes.com.

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AES Ohio filed its Electric Security Plan (ESP) with the Public Utilities Commission of Ohio on September 26, 2022. The ESP aims to enhance service reliability, stabilize prices, and invest in local economic development. The plan proposes increased investments in distribution infrastructure and vegetation management. If approved, the average impact on residential customers would be less than $1.00. AES Ohio also plans to implement energy efficiency programs and pricing incentives to foster job growth in the region. The company is committed to maintaining its low distribution rates while supporting community development.

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FAQ

What is the current stock price of AES Corporation (AES)?

The current stock price of AES Corporation (AES) is $13 as of December 20, 2024.

What is the market cap of AES Corporation (AES)?

The market cap of AES Corporation (AES) is approximately 9.0B.

What does AES Corporation do?

AES Corporation is a global energy company that provides affordable, sustainable energy solutions through its diverse portfolio, including renewable, gas, coal, and oil generation facilities.

What are AES's recent achievements?

In 2023, AES signed new contracts for 5.6 GW of renewables, completed the construction of 3.5 GW of renewable projects, and achieved revenues of $12.7 billion.

Where does AES operate?

AES operates in 15 countries, serving more than 2.5 million customers worldwide.

What is the focus of AES's business strategy?

AES focuses on delivering sustainable and smarter energy solutions, improving operational efficiency, and partnering with customers on strategic energy transitions.

How many employees does AES have?

AES employs approximately 18,500 people globally.

What are AES's plans for future projects?

AES plans to add 3.6 GW of new projects in 2024 and has a robust backlog of signed contracts totaling 12.7 GW.

How is AES funding its growth?

AES is funding its growth through strategic asset sales, such as the recent sale of its equity interest in AES Brasil, and issuing green notes to finance eligible green projects.

What are AES's financial highlights for 2023?

AES reported 2023 revenues of $12.7 billion, net income of $278 million, and adjusted EBITDA of $2.8 billion.

What renewable energy projects does AES pursue?

AES pursues various renewable energy projects, including solar, wind, and energy storage solutions.

How can investors stay updated on AES's developments?

Investors can stay updated by visiting AES's website, subscribing to their email alerts, and following their press releases, SEC filings, and public conference calls.

AES Corporation

NYSE:AES

AES Rankings

AES Stock Data

9.04B
707.65M
0.45%
100.08%
3.14%
Utilities - Diversified
Cogeneration Services & Small Power Producers
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United States of America
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