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.
AM Best has upgraded the Financial Strength Rating of
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.
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.
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.
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.
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.
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.
The AES Corporation reported Q2 2022 financial results, revealing a diluted EPS of ($0.27), down from $0.03 in Q2 2021, attributed to prior year's gains. Adjusted EPS increased to $0.34, a 10% rise compared to last year, driven by lower tax rates and South American operations. Year-to-date, AES signed 1.6 GW of Power Purchase Agreements (PPAs) and aims to complete 6 GW of renewable projects by 2023. The backlog reached 10.5 GW. The company reaffirms its 2022 adjusted EPS guidance of $1.55 to $1.65 and a 7% to 9% growth target through 2025.
The AES Corporation (NYSE: AES) has declared a quarterly common stock dividend of $0.1580 per share, scheduled for payment on August 15, 2022. Shareholders on record by the close of business on August 1, 2022 will receive this dividend. This action reflects AES' commitment to returning value to its shareholders while navigating the evolving energy landscape. Further details regarding tax treatment and historical dividends are available on AES' official website.
FAQ
What is the current stock price of AES Corporation (AES)?
What is the market cap of AES Corporation (AES)?
What does AES Corporation do?
What are AES's recent achievements?
Where does AES operate?
What is the focus of AES's business strategy?
How many employees does AES have?
What are AES's plans for future projects?
How is AES funding its growth?
What are AES's financial highlights for 2023?
What renewable energy projects does AES pursue?
How can investors stay updated on AES's developments?
