Aes Corp Stock Price, News & Analysis

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.

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.

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.

The AES Corporation (NYSE: AES) has announced the acquisition of Community Energy Solar, a major US solar developer, expanding its renewable project pipeline by 10 GW. This acquisition complements AES’s existing agreements for delivering 4 GW of renewable energy in 2021 and enhances its capabilities in reaching a net-zero energy future. With over 40 GW in its pipeline and industry-leading development expertise, AES aims to strengthen its position in the renewable energy sector.

The AES Corporation (NYSE: AES) has launched Atlas, a pioneering solar installation robot designed to enhance the efficiency and safety of solar facility construction. Developed with Calvary Robotics, Atlas aims to expedite solar deployment, addressing the global need for 455 GW of new solar facilities annually by 2030 to meet net-zero emission goals. By automating construction tasks, Atlas not only shortens project timelines but also supports a safer work environment and reduces energy costs. AES continues to innovate in solar energy, with additional technologies aimed at optimizing clean energy solutions.

The AES Corporation (NYSE: AES) has successfully acquired Valcour Wind Energy from Carlyle (NASDAQ: CG), enhancing its renewable energy portfolio in New York. Valcour's six wind farms, producing approximately 25% of the state's wind energy, significantly contribute to New York's goal of achieving 70% renewable electricity by 2030. This acquisition adds 612 MW of capacity to AES's operations, which also includes a 1 GW solar pipeline. AES aims to leverage this acquisition for further growth in renewable energy.

The Board of Directors of AES approved a 5% increase in the quarterly common stock dividend, raising it from $0.1505 to $0.1580 per share. This new dividend will be paid on February 15, 2022, to shareholders on record as of February 1, 2022. This adjustment reflects the company's commitment to returning value to shareholders amidst ongoing energy sector transformations.

The AES Corporation reported strong Q3 2021 results with diluted EPS of $0.48, up from a loss of $0.50 in Q3 2020. The company signed 4 GW of new power purchase agreements (PPAs) year-to-date, raising its renewable backlog to 9.2 GW, while reaffirming 2021 Adjusted EPS guidance of $1.50 to $1.58. Fluence, a joint venture, completed its IPO on October 28, 2021. The company aims for 7% to 9% annual growth through 2025, benefiting from trends in clean energy. However, a non-cash adjustment may affect earnings projections.