Aes Corp Stock Price, News & Analysis

The AES Corporation (NYSE: AES) has announced an agreement to terminate the Power Purchase Agreement (PPA) for its 205 MW Warrior Run coal-fired power plant in Maryland. The cancellation, valued at $357 million, pending approval from the Maryland Public Service Commission (PSC), is expected to save Potomac Edison customers $80 million over the next seven years. This move aligns with Maryland's decarbonization goals and allows AES to explore low-carbon alternatives for the Warrior Run site. AES will continue operations at the plant until at least May 2024, ensuring a responsible transition for current employees.

The AES Corporation (NYSE: AES) will hold its Investor Day on May 8, 2023, at 9:00 a.m. ET in New York City. This event will feature remarks from AES Management followed by a Q&A session with analysts and investors. The live webcast and presentation materials can be accessed through the company's website. A replay will be available after the event. AES is a Fortune 500 global energy company focused on delivering innovative energy solutions. For more information, stakeholders can refer to the company's filings with the SEC, which outline risks that could impact future financial performance.

The AES Corporation (NYSE: AES) has announced a conference call scheduled for May 5, 2023 at 10:00 a.m. ET to discuss its first quarter 2023 financial results. The call will feature prepared remarks and a Q&A session, accessible to media and the public via telephone and webcast. Interested parties can join the teleconference at least ten minutes before the start by calling 1-833-470-1428 or for international callers, +1-929-526-1599, using the access code 382953. A replay of the call will be available on AES's website shortly after its conclusion. This announcement is part of AES's ongoing commitment to transparency and stakeholder engagement regarding its financial performance.

AES Corporation reported a mixed performance for 2022. The company secured 5.2 GW of Power Purchase Agreements (PPAs) and completed 1.9 GW of renewable projects, bringing backlog to 12.2 GW. However, diluted EPS was ($0.82), down from ($0.62) in 2021, while Adjusted EPS rose to $1.67 from $1.52. For 2023, AES aims for 3.4 GW of new projects but anticipates challenges, revising its Adjusted EPS guidance to $1.65 - $1.75, factoring in potential project delays. The company reaffirmed a 7% to 9% growth target through 2025.

The Board of Directors of AES Corporation (NYSE: AES) has declared a quarterly common stock dividend of $0.1659 per share. This dividend is payable on May 15, 2023, to shareholders of record as of the close of business on May 1, 2023. The announcement reflects the company's ongoing commitment to returning value to its shareholders.

More detailed dividend information, including tax treatment, can be found on the AES website. The company continues to focus on improving energy solutions and operational excellence while navigating the evolving energy landscape.

On February 7, 2023, Motor announced a successful closing of a $7 million Series A investment round, co-led by AES Corporation (NYSE: AES) and Mitsubishi Corporation (TYO: 8058). This funding is aimed at enhancing Motor’s platform for electric vehicle (EV) adoption among electric utility customers. The investment aligns with the automotive industry's goal to achieve 50% EV sales in the U.S. by 2030. Motor's innovative approach simplifies the EV journey, helping utilities increase customer participation in managed charging programs. The funding will support Motor's expansion into new markets and strengthen partnerships in the growing EV sector.

The AES Corporation (NYSE: AES) will host a conference call on February 27, 2023, at 10:00 a.m. ET to discuss its 2022 financial results. This event will include prepared remarks and a Q&A session. Media and the public can access the call via telephone or webcast, with dial-in numbers provided for participants. The call will also be available for replay afterward on the AES website. The report emphasizes the company's commitment to delivering innovative energy solutions and encourages stakeholders to monitor AES' channels for updates. For more details, visit www.aes.com.