STOCK TITAN

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.

Rhea-AI Summary

The AES Corporation (NYSE: AES) will host a conference call on May 6, 2022, at 10:00 AM ET to discuss its first quarter 2022 financial results. The call will feature prepared remarks and a Q&A session accessible to the public and media in listen-only mode. Interested participants can join via telephone or webcast, with details available on the AES website. A replay of the call will be accessible shortly after its conclusion. The AES Corporation is committed to providing innovative energy solutions as part of its operational excellence.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.77%
Tags
none
-
Rhea-AI Summary

AES Indiana, a subsidiary of AES Corporation (NYSE:AES), has joined the National Electric Highway Coalition (NEHC) to bolster electric vehicle (EV) charging infrastructure. This partnership aims to alleviate 'range anxiety' among EV drivers by providing fast-charging options across Indiana and beyond. With EEI estimating 100,000 charging ports needed for 22 million EVs by 2030, AES Indiana's efforts align with clean energy goals and support House Bill 1221 for EV infrastructure development. Additionally, the company is electrifying its fleet as part of its sustainability initiatives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
none
-
Rhea-AI Summary

AES Ohio, a subsidiary of AES Corporation, has joined the National Electric Highway Coalition (NEHC) to enhance electric vehicle (EV) fast charging infrastructure. This coalition comprises over 60 electric companies aimed at reducing carbon emissions and supporting the transition to EVs. AES Ohio plans to allocate $5.1 million for EV charging rebates and is committed to electrifying its vehicle fleet. The initiative responds to increasing demand for EVs, with projections of 22 million on U.S. roads by 2030. The company's efforts target a seamless transition for drivers and a sustainable energy future.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.85%
Tags
none
-
Rhea-AI Summary

The AES Corporation (NYSE: AES) has appointed Susan Harcourt as Vice President of Investor Relations, succeeding Ahmed Pasha, who is now the Chief Financial Officer for US Utilities and Conventional Generation. Harcourt has been with AES since 2010 and previously served as Chief of Staff to the CEO. Pasha, who joined in 1995, will oversee financial operations for AES Indiana, AES Ohio, and 8.3 GW of conventional generation. This leadership change aims to strengthen investor communication and finance strategy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
management
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
Tags
none
News
Rhea-AI Summary

The AES Corporation's Board of Directors has announced a quarterly common stock dividend of $0.1580 per share. This dividend is payable on May 13, 2022, to shareholders of record as of April 29, 2022. This decision underscores AES's commitment to delivering value to its shareholders as it pursues growth in the energy sector. The company continues to focus on providing innovative, greener energy solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
Tags
dividends
-
Rhea-AI Summary

The AES Corporation announced its financial results for 2021, reporting a diluted EPS of ($0.62), a decline from $0.06 in 2020, primarily due to the deconsolidation of the Alto Maipo project. However, adjusted EPS increased to $1.52, surpassing guidance. The company signed 5 GW of new renewables PPAs, raising its project backlog to 9.2 GW. AES intends to exit coal by the end of 2025 and anticipates annualized growth of 7% to 9% through 2025. Guidance for 2022 adjusted EPS is set between $1.55 and $1.65. Fluence’s IPO in November 2021 has strengthened AES’s financial position.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.91%
Tags
none
-
Rhea-AI Summary

The AES Corporation (NYSE: AES) will conduct a conference call on February 25, 2022, at 10:00 a.m. EST to discuss its fourth quarter and full year 2021 financial results. The call will feature prepared remarks followed by a Q&A session, available to the public via telephone and webcast. Participants can listen in by dialing 1-844-200-6205 within the U.S. or +1-929-526-1599 for international access. A replay will be accessible after the call on the company’s website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.86%
Tags
none
Rhea-AI Summary

The AES Corporation (NYSE: AES) has successfully completed a tender offer through its Chilean subsidiary, Inversiones Cachagua SpA, to acquire shares from minority shareholders of AES Andes S.A. This transaction increases AES's stake in AES Andes from 66.98% to 98.13%, simplifying its shareholder structure and enhancing operational efficiency. With 4.4 GW operating in Chile, Colombia, and Argentina, AES Andes is transitioning to renewable energy, having retired 2.2 GW of coal-fired generation. The total cost of the acquisition is USD 517 million, funded by a mix of non-recourse debt and corporate liquidity.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.61%
Tags
none

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
Link
United States of America
ARLINGTON