The AES Corporation (AES)

NYSE: AES · IEX Real-Time Price · USD
15.47
+0.27 (1.78%)
Mar 1, 2024, 4:00 PM EST - Market closed
1.78%
Market Cap 10.99B
Revenue (ttm) 12.67B
Net Income (ttm) 249.00M
Shares Out 710.29M
EPS (ttm) 0.35
PE Ratio 44.20
Forward PE 7.97
Dividend $0.69 (4.46%)
Ex-Dividend Date Apr 30, 2024
Volume 7,914,051
Open 15.20
Previous Close 15.20
Day's Range 14.84 - 15.51
52-Week Range 11.43 - 25.74
Beta 1.09
Analysts Buy
Price Target 22.80 (+47.38%)
Earnings Date Feb 26, 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]

Sector Utilities
IPO Date Jun 25, 1991
Employees 9,600
Stock Exchange NYSE
Ticker Symbol AES
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for AES stock is "Buy." The 12-month stock price forecast is $22.8, which is an increase of 47.38% from the latest price.

Price Target
$22.8
(47.38% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

6 days ago - PRNewsWire

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...

9 days ago - PRNewsWire

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...

18 days ago - PRNewsWire

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.

5 weeks ago - PRNewsWire

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 ...

6 weeks ago - PRNewsWire

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...

6 weeks ago - PRNewsWire

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.

7 weeks ago - PRNewsWire

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...

Other symbols: HASI
2 months ago - Business Wire

Here are the 20 worst-performing stocks among the S&P 500 in 2023

The U.S. stock market staged a remarkable rally in 2023, but 173 stocks in the S&P 500 were still down for the year.

Other symbols: ALBBMYCAGDGDVNELENPH
2 months ago - Market Watch

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...

2 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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 ...

3 months ago - Reuters

AES beats Q3 profit estimates on higher power and renewables demand

Power company AES beat estimates for third-quarter profit on Thursday, on high electricity demand and strong earnings from its renewables segment.

4 months ago - Reuters

AES Expects Full Year 2023 Adjusted EPS to be in the Top Half of Guidance Range of $1.65 to $1.75

Remains on Track to Deliver on Strategic and Financial Objectives Strategic Accomplishments Signed new contracts for 3.7 GW of renewables in year-to-date 2023 On track to complete construction of 3.5 ...

4 months ago - PRNewsWire

$7 Billion in Clean Hydrogen Grants: Winners and Losers

The US Department of Energy finally decided who would get a piece of the $7 billion Federal funding for green hydrogen, and the news may surprise you. The funding is intended to build green hydrogen i...

Other symbols: AMZNBECCCNXCVXDMPC
4 months ago - MarketBeat

AES Participating in Two Clean Hydrogen Hubs Awarded Funding by US Department of Energy

Up to $2.4  Billion Will Support the Development and Scaling of Clean Hydrogen Infrastructure in California and Along the Gulf Coast ARLINGTON, Va. , Oct. 13, 2023 /PRNewswire/ -- The AES Corporation ...

5 months ago - PRNewsWire

AES Stock Is the Worst Performer in the S&P 500

UBS analyst Gregg Orrill downgrades shares of AES to Neutral from Buy, citing the effect of higher interest rates on new business at the utility.

5 months ago - Barrons

AES Announces Third Quarter 2023 Financial Review Conference Call to be Held on Friday, November 3, 2023 at 10:00 a.m. ET

ARLINGTON, Va. , Oct. 3, 2023 /PRNewswire/ -- The AES Corporation (NYSE: AES) will host a conference call on Friday, November 3, 2023 at 10:00 a.m.

5 months ago - PRNewsWire

These 10 stocks in the S&P 500 are expected to soar after rising interest rates have pushed down valuations

Two things investors can be sure about: Nothing lasts forever and the stock market always overreacts. The spiking of yields on long-term U.S. Treasury securities has been breathtaking, and it has led ...

5 months ago - Market Watch

AES Announces Minority Sell-Downs of LNG Businesses in the Dominican Republic and Panama

With Transactions, AES Secures All Planned External Funding for 2023 ARLINGTON, Va. , Sept. 26, 2023 /PRNewswire/ -- The AES Corporation (NYSE: AES) announced today that it has agreed to minority sell...

5 months ago - PRNewsWire

AES President and CEO to Present at Wolfe Research Utilities, Midstream & Clean Energy Conference 2023

ARLINGTON, Va. , Sept. 20, 2023 /PRNewswire/ -- The AES Corporation's (NYSE: AES) President and Chief Executive Officer, Andrés Gluski, will present at the Wolfe Research Utilities, Midstream & Clean ...

5 months ago - PRNewsWire

Top 3 Utilities Stocks That May Explode This Quarter - Middlesex Water (NASDAQ:MSEX), AES (NYSE:AES)

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

Other symbols: MSEXPCYO
6 months ago - Benzinga

Utility firm AES misses quarterly profit estimates on higher costs

Utility firm AES on Thursday missed second-quarter profit estimates due to higher costs and lower sales in the energy infrastructure strategic business unit.

7 months ago - Reuters

AES Reports Strong Execution on Strategic Priorities

Reaffirms 2023 Guidance and Annualized Growth Rate Targets for All Metrics Strategic Accomplishments Signed new long-term contracts for 2.2 GW of renewables in year-to-date 2023 On track to complete c...

7 months ago - PRNewsWire