Aes Corp Stock Price, News & Analysis

AES reported strong financial results for 2024, with Net Income of $698 million compared to a Net Loss of $182 million in 2023. The company achieved Adjusted EBITDA of $2,639 million and Adjusted EPS of $2.14, up from $1.76 in 2023.

Key 2024 accomplishments include:

• Signed 6.8 GW of new contracts, including 4.4 GW of renewables PPAs
• Completed construction/acquisition of 3.0 GW renewables and a 670 MW gas plant
• Secured approval for new base rates and 9.9% ROE at AES Indiana
• Achieved $2.8 billion of $3.5 billion asset sale target through 2027

Looking ahead, AES initiated 2025 guidance with Adjusted EBITDA of $2,650-$2,850 million and Adjusted EPS of $2.10-$2.26. The company reaffirmed its long-term growth targets of 5-7% for Adjusted EBITDA and 7-9% for Adjusted EPS through 2027.

AES (NYSE: AES) has announced its latest quarterly dividend payment. The company's Board of Directors has declared a quarterly common stock dividend of $0.17595 per share. The dividend will be payable on May 15, 2025, to shareholders who are recorded as holders at the close of business on May 1, 2025. Shareholders can find additional information about AES dividends, including tax treatment details, on the company's website under the Investors section.

AES has been ranked as the top seller of clean energy to corporations globally in 2024 by BloombergNEF (BNEF), marking its third consecutive year as a leader in the rankings. The company's position is notably strengthened by its partnerships with major technology companies, including Amazon, which ranked as the top corporate buyer in 2024.

The BNEF Corporate Energy Market Outlook report revealed that corporate clean energy contracts reached a record high in 2024, with a 36% year-over-year increase from 46 GW to 62 GW. AES CEO Andrés Gluski highlighted strong and growing demand for clean energy, particularly from AI data centers and advanced manufacturing, emphasizing renewables and energy storage as the fastest solutions for America's economic growth needs.

OPAL Fuels (Nasdaq: OPAL) has appointed Kazi Hasan as Chief Financial Officer, effective February 3, 2025. Hasan brings over 25 years of experience in the energy sector and succeeds Scott Contino, who has served as interim CFO since October 2023.

Hasan's extensive background includes EVP and CFO roles at major energy infrastructure companies, where he has raised over $30 billion in equity and debt financing. His experience spans corporate development, financial operations, M&A, and investor relations in the power, utility, and renewable energy sectors.

Prior to joining OPAL Fuels, Hasan served as Senior Advisor at Fluence Energy, and as EVP and CFO at Puget Sound Energy and Cleco. He also spent over two decades with AES in senior executive roles, including Global Chief Risk Officer.

AES (NYSE: AES) has announced its upcoming conference call to discuss fourth quarter and full year 2024 financial results. The call is scheduled for Friday, February 28, 2025, at 10:00 a.m. Eastern Time (ET).

The conference will feature prepared remarks followed by a question and answer session. While open to media and public, participation will be in listen-only mode. Participants can join via telephone by dialing 1-833-470-1428 (domestic) or +1-404-975-4839 (international) using Participant Access Code 548147.

The presentation materials and conference call can be accessed through the AES website (www.aes.com) under the Investors section's Presentations and Webcasts tab. A replay of the webcast will be made available on the company's website shortly after the call concludes.

AES (NYSE: AES) has announced a 2% increase in its quarterly common stock dividend. The dividend will increase from $0.1725 per share to $0.17595 per share starting in the first quarter of 2025. The next dividend payment is scheduled for February 14, 2025, and will be paid to shareholders of record as of January 31, 2025.

AES (NYSE: AES) has announced the pricing of $500 million aggregate principal amount of 6.950% fixed-to-fixed reset rate junior subordinated notes due 2055. The offering is expected to close on December 6, 2024, subject to customary conditions. The company plans to use the net proceeds to repay existing indebtedness, including borrowings under its revolving senior credit facility, and for general corporate purposes. The offering is being managed by J.P. Morgan Securities, Wells Fargo Securities, Morgan Stanley & Co., and Credit Agricole Securities as joint book-running managers.

AES (NYSE: AES) has announced its intention to conduct a registered public offering of fixed-to-fixed reset rate junior subordinated notes. The company plans to use the net proceeds to repay existing debt, including borrowings under its senior credit facility's revolving facility, and for general corporate purposes. J.P. Morgan Securities, Wells Fargo Securities, Morgan Stanley, and Credit Agricole Securities are serving as joint book-running managers for the offering.

AM Best has affirmed the A (Excellent) Financial Strength Rating and 'a' (Excellent) Long-Term Issuer Credit Rating of AES Global Insurance Company (AGIC) with a stable outlook. The ratings reflect AGIC's very strong balance sheet, strong operating performance, and appropriate risk management. As a single-parent captive for The AES [NYSE: AES], AGIC demonstrates favorable underwriting results and low expense structure while serving as an integral part of AES's risk management framework. The ratings acknowledge AGIC's strategic importance to AES, a Fortune 500 global energy company operating in generation, distribution, and energy storage.