Aes Corp Stock Price, News & Analysis

AES Corporation has announced a 20-year renewable energy agreement with Microsoft to power its data centers in California. This partnership aims to help Microsoft achieve its 100/100/0 by 2030 sustainability goal, providing 110 MW AC solar and 55 MW of 4-hour storage from the California Independent System Operator region. AES has made significant strides in clean energy, ranking as the top developer selling to corporations via Power Purchase Agreements (PPAs) in 2021, signing nearly 5 GW of new PPAs globally.

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.

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.

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.

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.

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.

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.