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AES Corp. - AES STOCK NEWS

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

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 AES'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 AES's position in the market.

News
AES Announces 4% Increase in Quarterly Dividend
Rhea-AI Summary
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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End-of-Day
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News
AM Best Affirms Credit Ratings of AES Global Insurance Company
Rhea-AI Summary
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].
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.35%
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News
AES Announces Sale of Mong Duong 2 Plant in Vietnam in Next Decarbonization Milestone
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
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AES Expects Full Year 2023 Adjusted EPS to be in the Top Half of Guidance Range of $1.65 to $1.75
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.32%
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AES Participating in Two Clean Hydrogen Hubs Awarded Funding by US Department of Energy
Rhea-AI Summary
AES receives up to $2.4B in funding for Clean Hydrogen Hubs in California and Gulf Coast
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.84%
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News
AES Announces Quarterly Dividend
Rhea-AI Summary
AES Corporation declares quarterly dividend of $0.1659 per share
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AES Announces Third Quarter 2023 Financial Review Conference Call to be Held on Friday, November 3, 2023 at 10:00 a.m. ET
Rhea-AI Summary
The AES Corporation will host a conference call on November 3, 2023, to review its Q3 2023 financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.51%
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AES Announces Minority Sell-Downs of LNG Businesses in the Dominican Republic and Panama
Rhea-AI Summary
AES secures all planned external funding for 2023 through sell-down agreements, with collective proceeds of $190 million. This puts the Company on track to achieve its asset sale proceeds target for the year. The agreements include the sale of 10% of AES' business in the Dominican Republic and 20% of AES Colón in Panama to Grupo Linda and Grupo Popular's subsidiary, AFI Popular.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.04%
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News
AES President and CEO to Present at Wolfe Research Utilities, Midstream & Clean Energy Conference 2023
Rhea-AI Summary
AES CEO to present at Wolfe Research Utilities, Midstream & Clean Energy Conference 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.14%
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conferences
News
AES Reports Strong Execution on Strategic Priorities
Rhea-AI Summary
AES Corporation reaffirms 2023 guidance and growth targets, reports Q2 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.89%
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AES Corp.

NYSE:AES

AES Rankings

#707 Ranked by Market Cap
#4468 Ranked by Stock Gains
#841 Ranked by Dividends

AES Stock Data

11.31B
706.15M
0.51%
87.81%
1.94%
Hydroelectric Power Generation
Utilities
Link
US
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