The AES Corporation (AES)
| Market Cap | 12.46B |
| Revenue (ttm) | 12.51B |
| Net Income (ttm) | 530.00M |
| Shares Out | 710.67M |
| EPS (ttm) | 0.73 |
| PE Ratio | 24.01 |
| Forward PE | 9.26 |
| Dividend | $0.69 (3.94%) |
| Ex-Dividend Date | Apr 30, 2024 |
| Volume | 6,522,322 |
| Open | 17.52 |
| Previous Close | 17.44 |
| Day's Range | 17.24 - 17.75 |
| 52-Week Range | 11.43 - 22.60 |
| Beta | 1.11 |
| Analysts | Buy |
| Price Target | 21.00 (+19.8%) |
| Earnings Date | Aug 1, 2024 |
About AES
The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesal... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for AES stock is "Buy." The 12-month stock price forecast is $21.0, which is an increase of 19.80% from the latest price.
News
AES Announces Second Quarter 2024 Financial Review Conference Call to be Held on Friday, August 2, 2024 at 10:00 a.m. ET
ARLINGTON, Va. , July 2, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) will host a conference call on Friday, August 2, 2024 at 10:00 a.m.
AES Partners with AI Fund to Accelerate AI-Driven Energy Solutions
AES named as exclusive energy partner to develop AI-focused companies ARLINGTON, Va. , June 27, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) today announced a strategic partnership with AI Fu...
The Investment Committee talks their utilities investing playbook
Utilities is one of the best performing sectors this year. The Committee share their top Utilities plays.
Nuclear power is 'overblown' as an energy source for data centers, power company CEO says
AES Corporation CEO Andrés Gluski said the "euphoria" over nuclear power has been a "little overblown." AES is a major power provider for large tech companies building out data centers, with more than...
Hedge funds cut stakes in Magnificent Seven to invest in broader AI boom
Hedge funds started cutting their stakes in the Magnificent Seven in the first quarter of 2024 and investing in broader artificial intelligence stocks instead, a new Goldman Sachs analysis shows.
These 3 Utilities Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - AES (NYSE:AES)
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
AES Announces Pricing of $950,000,000 Million Fixed-to-Fixed Rate Reset Junior Subordinated Green Notes in Public Offering
ARLINGTON, Va. , May 16, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) ("AES" or the "Company") announced today the pricing of $950,000,000 million aggregate principal amount of its 7.600% fixe...
AES Announces Public Offering of Fixed-to-Fixed Rate Reset Junior Subordinated Green Notes
ARLINGTON, Va. , May 16, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) ("AES" or the "Company") announced today its intention to offer, subject to market and other conditions, fixed-to-fixed ra...
AES Agrees to Sell its Equity Interest in AES Brasil for Approximately $640 Million
Proceeds to be Used to Fund AES' Robust Growth in Renewables & US Utilities ARLINGTON, Va. , May 15, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) announced today that it has agreed to sell its...
AES beats first quarter profit estimates on renewables demand
AES Corp beat Wall Street estimates for first-quarter profit on Thursday, as the utility firm benefited from higher contributions from renewables projects and lower cost of sales.
AES Reports Strong First Quarter Results; Reaffirms 2024 Guidance & Long-Term Growth Rates
Signed an Additional 1 GW of Solar-Plus-Storage Under a Long-Term Contract with Amazon, for a Total of 2 GW at Bellefield in California Strategic Accomplishments Signed 1.2 GW of renewables and energy...
AES Announces First Quarter 2024 Financial Review Conference Call to be Held on Friday, May 3, 2024 at 10:00 a.m. ET
ARLINGTON, Va. , April 3, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) will host a conference call on Friday, May 3, 2024 at 10:00 a.m.
AES Reports Record Performance in 2023 & Raises Long-Term Guidance
Strategic Accomplishments Signed new contracts for 5.6 GW of renewables in full year 2023, marking the third year in a row of adding 5 GW or more to the backlog Completed construction of 3.5 GW of ren...
AES Announces Quarterly Dividend
ARLINGTON, Va. , Feb. 23, 2024 /PRNewswire/ -- The Board of Directors of The AES Corporation (NYSE: AES) declared a quarterly common stock dividend of $0.1725 per share payable on May 15, 2024 to shar...
AES Announces Result of Final Remarketing of Series A Cumulative Perpetual Convertible Preferred Stock Relating to 2021 Equity Units Offering and Settlement Rate for Purchase Contract Component of 2021 Equity Units Offering
ARLINGTON, Va. , Feb. 14, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) ("AES" or the "Company") announced today the unsuccessful final remarketing of its 0% Series A Cumulative Perpetual Conve...
AES Announces Fourth Quarter & Full Year 2023 Financial Review Conference Call to be Held on Tuesday, February 27, 2024 at 10:00 a.m. ET
ARLINGTON, Va. , Jan. 26, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) will host a conference call on Tuesday, February 27, 2024 at 10:00 a.m.
AES Announces Final Remarketing Period for its 0% Series A Cumulative Perpetual Convertible Preferred Stock Relating to its 2021 Equity Units Offering
ARLINGTON, Va. , Jan. 19, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) ("AES" or the "Company") announced today the period beginning on February 7, 2024 and ending on February 13, 2024 as the ...
AES Completes Construction of 3.5 GW of Renewables in 2023
Construction Milestone Marks the Largest Renewables Capacity Addition by AES in a Single Year ARLINGTON, Va. , Jan. 18, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) announced the completion of...
AES to Host Webcast to Discuss Data Centers and Demand for Renewable Energy on Thursday, January 18, 2024 at 2:00 p.m. ET
ARLINGTON, Va. , Jan. 11, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) will host a webcast to discuss data centers and demand for renewable energy on Thursday, January 18, 2024 from 2:00 p.m.
HASI Invests in 605 MW Renewables Portfolio Owned and Operated by AES
ANNAPOLIS, Md.--(BUSINESS WIRE)--HASI (NYSE: HASI), a leading investor in climate solutions, today announced an investment in a portfolio of renewable energy assets developed, owned and operated by Th...
AES Announces Closing of Previously Announced and New Minority Sell-Downs of LNG Businesses in the Dominican Republic and Panama
Raising $338 Million of Asset Sale Proceeds ARLINGTON, Va. , Dec. 21, 2023 /PRNewswire/ -- The AES Corporation (NYSE: AES) announced today that it has closed minority sell-downs of its businesses in t...
AES Announces 4% Increase in Quarterly Dividend
ARLINGTON, Va. , Dec. 8, 2023 /PRNewswire/ -- The Board of Directors of The AES Corporation (NYSE: AES) approved an increase of 4% in the Company's quarterly common stock dividend, from $0.1659 per sh...
AES Announces Sale of Mong Duong 2 Plant in Vietnam in Next Decarbonization Milestone
ARLINGTON, Va. , Nov. 30, 2023 /PRNewswire/ -- The AES Corporation (NYSE: AES) announced it has reached an agreement with Se.ven Global Investments to sell its 51% equity stake in the Mong Duong 2 coa...
Exclusive: AES in talks to sell major coal-fired power plant in Vietnam - sources
U.S. energy firm AES Corp. is in talks to sell its majority stake in one of Vietnam's largest coal-fired power plants, two people familiar with the discussions said, as part of its global strategy to ...