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The AES Corporation - $AES STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect The AES Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of The AES Corporation's position in the market.

Rhea-AI Summary
AES Corporation (NYSE: AES) completed the construction of 3.5 GW of renewable projects in 2023, nearly doubling the capacity compared to 2022. This milestone represents a new record and a growth rate of nearly 100%. The portfolio of renewables now reaches 18.4 GW, with notable projects including solar, wind, and energy storage. The completion of these projects signifies a significant step towards sustainable energy infrastructure and economic benefits for the communities involved.
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The AES Corporation (AES) will host a webcast on January 18, 2024, to discuss data centers and demand for renewable energy. The presentation will cover trends for this customer segment and AES' leading position. Interested parties can access the webcast and presentation materials on the AES website. A webcast replay and downloadable MP3 format will also be available.
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2.27%
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Rhea-AI Summary
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) announced an investment in a portfolio of renewable energy assets developed, owned, and operated by The AES Corporation (AES), a Fortune 500 global energy company. The investment involves a structured equity investment in a 605-megawatt portfolio of solar and solar-plus-storage assets across 11 states, with a weighted average remaining contract life of 16 years. The portfolio's cash flows are contracted with a diverse group of predominately investment-grade corporate, utility, and municipal off-takers. This investment expands the longstanding relationship between HASI and AES, demonstrating a commitment to accelerating the energy transition and offering diversification and scale to HASI's balance sheet.
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-0.32%
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The AES Corporation (NYSE: AES) has closed minority sell-downs of its businesses in the Dominican Republic and AES Colón business in Panama, raising $338 million in asset sale proceeds. This includes the transactions announced in September for proceeds of $179 million after purchase price adjustments at closing, as well as sell-downs of additional stakes in the businesses through the expansion of existing partnerships with Grupo Estrella and Grupo Popular's subsidiary, AFI Popular, through one of its closed-end funds, for $159 million. AES sold 20% of its businesses in the Dominican Republic and 35% of AES Colón in Panama.
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1.33%
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The AES Corporation (NYSE: AES) has approved a 4% increase in its quarterly common stock dividend, from $0.1659 per share to $0.1725 per share, starting in the first quarter of 2024. The first quarter 2024 dividend of $0.1725 per share will be paid on February 15, 2024, to shareholders of record as of February 1, 2024.
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AM Best affirms A (Excellent) Financial Strength Rating and 'a' Long-Term Issuer Credit Rating of AES Global Insurance Company (AGIC) with stable outlook. AGIC demonstrates strong operating performance and sound risk management capabilities, with implied support from parent company The AES Corporation (AES) [NYSE: AES].
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5.35%
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The AES Corporation (NYSE: AES) has reached an agreement with Se.ven Global Investments to sell its 51% equity stake in the Mong Duong 2 coal-fired plant in Vietnam. The anticipated close for the transaction is in line with AES' intent to exit the majority of its coal assets by the end of 2025. The 1,242 MW plant has been in operation since 2015, delivering power to Hanoi and northern Vietnam under a 25-year Power Purchase Agreement (PPA) with state-owned utility Vietnam Electricity (EVN). AES continues to develop the 450 TBTU Son My LNG terminal with PetroVietnam Gas (PV Gas), which received Investment Policy Approval by Binh Thuan People's Committee in July 2023, and the 2,250 MW Son My 2 combined cycle gas power plant in Vietnam.
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-0.06%
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AES Corporation remains on track to deliver on its strategic and financial objectives. They have signed new contracts for 3.7 GW of renewables in 2023 and are on track to complete construction of 3.5 GW of renewables this year. They have also secured $190 million in asset sale proceeds through minority sell-downs of businesses in the Dominican Republic and Panama. The company has been awarded up to $2.4 billion of grant funding by the US Department of Energy for two green hydrogen hubs with AES participation. In Q3 2023, AES reported a diluted EPS of $0.32, compared to $0.59 in Q3 2022, and an adjusted EPS of $0.60, compared to $0.63 in Q3 2022. The company's year-to-date adjusted EPS is $1.03 and they expect full-year adjusted EPS to be in the top half of the guidance range of $1.65 to $1.75. They are reaffirming their annualized adjusted EPS growth target of 7% to 9% through 2025.
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8.32%
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AES receives up to $2.4B in funding for Clean Hydrogen Hubs in California and Gulf Coast
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Rhea-AI Summary
AES Corporation declares quarterly dividend of $0.1659 per share
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The AES Corporation

NYSE:AES

AES Rankings

AES Stock Data

14.86B
706.15M
0.51%
87.81%
1.94%
Hydroelectric Power Generation
Utilities
Link
United States of America
ARLINGTON

About AES

the aes corporation (nyse:aes) is a fortune 200 global power company. we provide affordable, sustainable energy to 18 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. our workforce of 18,500 people is committed to operational excellence and meeting the world’s changing power needs. our 2014 revenues were $17 billion and we own and manage $39 billion in total assets. to learn more, please visit www.aes.com. other ways to connect with us: • become an aes person: www.aes.com/careers • follow us on twitter: twitter.com/theaescorp • subscribe to our videos at: www.youtube.com/user/theaescorporation