The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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 wholesale market. It uses a range of fuels and technologies to generate electricity, including natural gas, coal, pet coke, diesel, and oil, as well as renewables, such as hydro, solar, wind, energy storage, biomass, and landfill gas. The company owns and/or operates a generation portfolio of approximately 30,308 megawatts. It has operations in the United States, Puerto Rico, El Salvador, Chile, Colombia, Argentina, Brazil, Mexico, Central America, the Caribbean, Europe, and Asia. The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000. The AES Corporation was incorporated in 1981 and is headquartered in Arlington, Virginia.
IPO Year:
Exchange: NYSE
Website: aes.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/10/2025 | $10.00 | Buy → Hold | Jefferies |
| 3/4/2025 | $11.00 → $13.00 | Underperform → Neutral | BofA Securities |
| 3/3/2025 | Neutral → Sell | Seaport Research Partners | |
| 12/13/2024 | $17.00 | Buy | HSBC Securities |
| 11/25/2024 | $11.00 | Underperform | BofA Securities |
| 9/11/2024 | $20.00 | Buy | Jefferies |
| 5/21/2024 | Buy → Neutral | Seaport Research Partners | |
| 4/18/2024 | $21.00 | Buy | Mizuho |
| 10/6/2023 | $22.00 → $13.00 | Buy → Neutral | UBS |
| 8/23/2023 | $25.00 | Overweight | Barclays |
Reports First Quarter 2025 Results in Line with Expectations Strategic Accomplishments PPA backlog of 11.7 GW, including 5.3 GW under constructionCompleted the construction of 643 MW of energy storage and solar; on track to add a total of 3.2 GW of new projects to operations in full year 2025Signed or awarded new long-term PPAs for 443 MW of solar and energy storageReceived final regulatory approval for the 170 MW Crossvine solar-plus-storage project at AES IndianaWith the sale of a minority stake in the AES Global Insurance Company (AGIC) for $450 million, achieved full year 2025 asset sale proceeds target of $400 to $500 millionTo fund the substantial growth at AES Ohio, closed on the sale
ARLINGTON, Va., April 2, 2025 /PRNewswire/ -- The AES Corporation (NYSE:AES) will host a conference call on Friday, May 2, 2025 at 10:00 a.m. Eastern Time (ET) to review its first quarter 2025 financial results. The call will include prepared remarks and a question and answer session. It will be open to the media and the public in a listen-only mode by telephone and webcast. Interested parties may listen to the teleconference by dialing 1-833-470-1428 at least ten minutes before the start of the call. International callers should dial +1-404-975-4839. The Participant Acces
ARLINGTON, Va., March 18, 2025 /PRNewswire/ -- The AES Corporation (NYSE:AES) ("AES" or the "Company") announced that the previously announced tender offer to purchase (the "Tender Offer") for cash, subject to certain terms and conditions, any and all of its outstanding 3.300% Senior Notes due 2025 (the "Securities") expired at 5:00 p.m., New York City time, on March 18, 2025 (the "Expiration Time"). As of the Expiration Time, $776,214,000 or 86.25%% of the $900 million aggregate principal amount outstanding of the Securities had been validly tendered and not validly withdrawn (not including any amount of Securities submitted pursuant to the guaranteed delivery procedures described in the Of
ARLINGTON, Va., March 18, 2025 /PRNewswire/ -- The AES Corporation (NYSE:AES) ("AES" or the "Company") announced the pricing terms of the previously announced tender offer to purchase (the "Tender Offer") for cash, subject to certain terms and conditions, any and all of its outstanding 3.300% Senior Notes due 2025 (the "Securities"). The Tender Offer is being made pursuant to the Company's Offer to Purchase, dated March 12, 2025 (the "Offer to Purchase") and the related notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase,
ARLINGTON, Va., March 12, 2025 /PRNewswire/ -- The AES Corporation (NYSE:AES) ("AES" or the "Company") announced today the pricing of $800 million aggregate principal amount of its 5.800% senior notes due 2032 (the "Notes"). The closing of the offering of the Notes is expected to occur, subject to certain customary closing conditions, on March 20, 2025 (T+6). AES intends to use the net proceeds from the proposed offering to fund purchases of its 3.300% Senior Notes due 2025 (the "2025 Notes") in the tender offer to purchase for cash any and all of the 2025 Notes (the "Tender O
ARLINGTON, Va., March 12, 2025 /PRNewswire/ -- The AES Corporation (NYSE:AES) ("AES" or the "Company") announced today its intention to offer, subject to market and other conditions, senior notes (the "Notes") in a registered public offering. AES intends to use the net proceeds from the proposed offering to fund purchases of its 3.300% Senior Notes due 2025 (the "2025 Notes") in the tender offer to purchase for cash any and all of the 2025 Notes (the "Tender Offer") and to pay certain related fees and expenses. The Company intends to use any remaining net proceeds from the pro
ARLINGTON, Va., March 12, 2025 /PRNewswire/ -- The AES Corporation (NYSE:AES) ("AES" or the "Company") announced today the commencement of a tender offer to purchase (the "Tender Offer") for cash, subject to certain terms and conditions, any and all of its outstanding 3.300% Senior Notes due 2025 (the "Securities"). The Tender Offer is being made pursuant to the Company's Offer to Purchase, dated March 12, 2025 (the "Offer to Purchase") and the related notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Offer Docume
Initiates 2025 Guidance and Reaffirms Long-Term Growth Rate Targets 2024 Strategic Accomplishments Signed or awarded 6.8 GW of new contracts, including renewables PPAs, data center load growth at US utilities, and retail supply for data centers4.4 GW of renewables under long-term PPAs2.1 GW of data center growth at AES Ohio310 MW of retail supply to support data centers throughout OhioRanked the #1 provider of clean energy globally to corporations by BloombergNEF, representing the third consecutive year as a top sellerCompleted the construction or acquisition of 3.0 GW of renewables primarily in the United States and Chile and completed the construction of a 670 MW combined cycle gas plant i
ARLINGTON, Va., Feb. 21, 2025 /PRNewswire/ -- The Board of Directors of The AES Corporation (NYSE:AES) declared a quarterly common stock dividend of $0.17595 per share payable on May 15, 2025 to shareholders of record at the close of business on May 1, 2025. Additional information regarding dividends paid by AES, including tax treatment, can be found on www.aes.com by selecting "Investors" then "Stock Information" and then "Dividend History." About AES The AES Corporation (NYSE:AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our ma
Ranking Marks Third Consecutive Year as a Top Seller ARLINGTON, Va., Feb. 18, 2025 /PRNewswire/ -- The AES Corporation (NYSE:AES) has been ranked as the top seller of clean energy to corporations globally in 2024, according to BloombergNEF's (BNEF) Corporate Energy Market Outlook. This marks the third consecutive year AES has been a leader in the rankings, which track the volume of corporate Power Purchase Agreement (PPA) signings. BNEF's ranking reflects AES' position as one of the largest energy providers to technology companies globally, including Amazon, which ranked as th
SCHEDULE 13G/A - AES CORP (0000874761) (Subject)
8-K - AES CORP (0000874761) (Filer)
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8-K - AES CORP (0000874761) (Filer)
10-Q - AES CORP (0000874761) (Filer)
SCHEDULE 13G/A - AES CORP (0000874761) (Subject)
10-K/A - AES CORP (0000874761) (Filer)
8-K - AES CORP (0000874761) (Filer)
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Reports First Quarter 2025 Results in Line with Expectations Strategic Accomplishments PPA backlog of 11.7 GW, including 5.3 GW under constructionCompleted the construction of 643 MW of energy storage and solar; on track to add a total of 3.2 GW of new projects to operations in full year 2025Signed or awarded new long-term PPAs for 443 MW of solar and energy storageReceived final regulatory approval for the 170 MW Crossvine solar-plus-storage project at AES IndianaWith the sale of a minority stake in the AES Global Insurance Company (AGIC) for $450 million, achieved full year 2025 asset sale proceeds target of $400 to $500 millionTo fund the substantial growth at AES Ohio, closed on the sale
ARLINGTON, Va., April 2, 2025 /PRNewswire/ -- The AES Corporation (NYSE:AES) will host a conference call on Friday, May 2, 2025 at 10:00 a.m. Eastern Time (ET) to review its first quarter 2025 financial results. The call will include prepared remarks and a question and answer session. It will be open to the media and the public in a listen-only mode by telephone and webcast. Interested parties may listen to the teleconference by dialing 1-833-470-1428 at least ten minutes before the start of the call. International callers should dial +1-404-975-4839. The Participant Acces
Initiates 2025 Guidance and Reaffirms Long-Term Growth Rate Targets 2024 Strategic Accomplishments Signed or awarded 6.8 GW of new contracts, including renewables PPAs, data center load growth at US utilities, and retail supply for data centers4.4 GW of renewables under long-term PPAs2.1 GW of data center growth at AES Ohio310 MW of retail supply to support data centers throughout OhioRanked the #1 provider of clean energy globally to corporations by BloombergNEF, representing the third consecutive year as a top sellerCompleted the construction or acquisition of 3.0 GW of renewables primarily in the United States and Chile and completed the construction of a 670 MW combined cycle gas plant i
ARLINGTON, Va., Feb. 21, 2025 /PRNewswire/ -- The Board of Directors of The AES Corporation (NYSE:AES) declared a quarterly common stock dividend of $0.17595 per share payable on May 15, 2025 to shareholders of record at the close of business on May 1, 2025. Additional information regarding dividends paid by AES, including tax treatment, can be found on www.aes.com by selecting "Investors" then "Stock Information" and then "Dividend History." About AES The AES Corporation (NYSE:AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our ma
ARLINGTON, Va., Jan. 28, 2025 /PRNewswire/ -- The AES Corporation (NYSE:AES) will host a conference call on Friday, February 28, 2025 at 10:00 a.m. Eastern Time (ET) to review its fourth quarter and full year 2024 financial results. The call will include prepared remarks and a question and answer session. It will be open to the media and the public in a listen-only mode by telephone and webcast. Interested parties may listen to the teleconference by dialing 1-833-470-1428 at least ten minutes before the start of the call. International callers should dial +1-404-975-4839. The Participant Access Code for this call is 548147. Internet access to the conference call and presentation mater
ARLINGTON, Va., Dec. 6, 2024 /PRNewswire/ -- The Board of Directors of The AES Corporation (NYSE:AES) approved an increase of 2% in the Company's quarterly common stock dividend, from $0.1725 per share to $0.17595 per share, beginning in the first quarter of 2025. The Company's first quarter 2025 common stock dividend of $0.17595 per share is payable on February 14, 2025 to shareholders of record at the close of business on January 31, 2025. Additional information regarding dividends paid by AES, including tax treatment, can be found on www.aes.com by selecting "Investors" t
Reaffirms 2024 Guidance and Long-Term Growth Rates Strategic Accomplishments Signed or awarded 2.2 GW of new contracts, including long-term renewables PPAs and data center load growth at US utilities1.3 GW of renewables under long-term PPAs900 MW of new data center load growth at AES OhioCompleted the construction of 1.2 GW; on track to add a total of 3.6 GW of new projects to operations in full year 2024Announced or closed nearly three-quarters of $3.5 billion asset sale proceeds target through 2027In September, announced a strategic partnership with CDPQ to support AES Ohio's robust growth plans; agreed to sell a 30% indirect interest for approximately $546 millionOn October 31, 2024, clos
ARLINGTON, Va., Oct. 11, 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 November 15, 2024 to shareholders of record at the close of business on November 1, 2024. Additional information regarding dividends paid by AES, including tax treatment, can be found on www.aes.com by selecting "Investors" then "Stock Information" and then "Dividend History." About AES The AES Corporation (NYSE:AES) is a Fortune 500 global energy company accelerating the future of energy. Together w
ARLINGTON, Va., Oct. 1, 2024 /PRNewswire/ -- The AES Corporation (NYSE:AES) will host a conference call on Friday, November 1, 2024 at 9:00 a.m. Eastern Time (ET) to review its third quarter 2024 financial results. The call will include prepared remarks and a question and answer session. It will be open to the media and the public in a listen-only mode by telephone and webcast. Interested parties may listen to the teleconference by dialing 1-833-470-1428 at least ten minutes before the start of the call. International callers should dial +1-404-975-4839. The Participant Ac
Now Expects to Achieve Upper Half of 2024 Adjusted EPS Guidance Range Strategic Accomplishments Signed 2.5 GW of new agreements, including 2.2 GW directly with data center customersSigned agreements to support 1.2 GW of new data center load at US utilities; in advanced negotiations for up to another 3 GW over the next 12 monthsSigned 15-year PPAs for 727 MW of wind and solar to serve data center growth in TexasSigned a 310 MW retail supply agreement to support data centers throughout OhioTotal backlog of signed long-term PPAs now 12.6 GWCompleted the construction or acquisition of 1.6 GW in year-to-date 2024; on track to add 3.6 GW of new projects to operations in full year 2024Q2 2024 Finan
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Jefferies downgraded AES from Buy to Hold and set a new price target of $10.00
BofA Securities upgraded AES from Underperform to Neutral and set a new price target of $13.00 from $11.00 previously
Seaport Research Partners downgraded AES from Neutral to Sell
HSBC Securities initiated coverage of AES with a rating of Buy and set a new price target of $17.00
BofA Securities resumed coverage of AES with a rating of Underperform and set a new price target of $11.00
Jefferies initiated coverage of AES with a rating of Buy and set a new price target of $20.00
Seaport Research Partners downgraded AES from Buy to Neutral
Mizuho initiated coverage of AES with a rating of Buy and set a new price target of $21.00
UBS downgraded AES from Buy to Neutral and set a new price target of $13.00 from $22.00 previously
Barclays initiated coverage of AES with a rating of Overweight and set a new price target of $25.00
Proven energy industry executive brings over 25 years of extensive financial, operational, and strategic leadership experience in energy sector to drive disciplined growth and value creation OPAL Fuels Inc. (NASDAQ:OPAL), today announced the appointment of Kazi Hasan as Chief Financial Officer, effective February 3, 2025. Mr. Hasan succeeds Scott Contino, who has served as interim CFO since October 2023. Mr. Contino will continue in his role as Chief Financial Officer of the Company's sponsor, Fortistar. With over 25 years of operational, financial, and strategic leadership experience in the power, utility, and renewable energy sectors, Mr. Hasan has a proven track record of creating sh
NEW YORK, Nov. 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the Dow Jones Industrial Average (DJIA) and Dow Jones Utility Average (DJUA) effective prior to the open of trading on Friday, November 8: NVIDIA Corp. (NASD:NVDA) will replace Intel Corp. (NASD:INTC), and The Sherwin-Williams Co. (NYSE:SHW) will replace Dow Inc. (NYSE:DOW) in the Dow Jones Industrial Average. The index changes were initiated to ensure a more representative exposure to the semiconductors industry and the materials sector respectively. The DJIA is a price weighted index, and thus persistently lower priced stocks have a minimal impact on the index. Dow Inc. is also the smallest com
ARLINGTON, Va., June 20, 2023 /PRNewswire/ -- The AES Corporation (NYSE:AES) today announced the appointment of Gerard M. "Gerry" Anderson to its Board of Directors, effective July 17, 2023. Anderson has more than 30 years of experience in the energy sector, with expertise in strategic leadership, operational excellence and public policy. Anderson is the former Chairman and CEO of DTE Energy. During his tenure, he founded and built DTE's non-regulated businesses and led innovation efforts to improve the company's utility operations and profitability. Anderson has held a wide variety of industry and regional leadership roles. He served as Chairman of the Edison Electric Institute (EEI), whic
Uzi Yemin to transition from DK CEO to DK Executive Chairman, effective June 2022;Avigal Soreq named Successor DK CEO Uzi Yemin to remain Chairman of DKL and Avigal Soreq named President of DKL Todd O'Malley named Chief Operating Officer of DK and DKL andNithia Thaver appointed DK EVP and President of Refining Leonardo Moreno to join DK Board of Directors BRENTWOOD, Tenn., March 28, 2022 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE:DK) ("Delek US" or the "Company") today announced a leadership succession plan and a series of additional leadership appointments as well as governance updates at Delek US and Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics"). Executive Leadership Succ
ARLINGTON, Va., March 10, 2022 /PRNewswire/ -- The AES Corporation (NYSE:AES) announced today the appointment of Susan Harcourt as Vice President of Investor Relations, succeeding Ahmed Pasha who has been named Chief Financial Officer of the Company's US Utilities and Conventional Generation. "Susan brings a deep knowledge of AES from her time as Chief of Staff to our President and CEO, Andrés Gluski, as well as her prior roles in Portfolio Management," said Stephen Coughlin, AES Executive Vice President and Chief Financial Officer. "I want to thank Ahmed for his strong lea
ARLINGTON, Va., Sept. 21, 2021 /PRNewswire/ -- The AES Corporation (NYSE:AES) announced today the appointment of Stephen Coughlin as Executive Vice President and Chief Financial Officer, effective October 15, 2021. Most recently, Coughlin led AES' Corporate Strategy and Financial Planning groups, including serving as the Chair of the Company's Investment Committee. Prior to that role, he served as the Chief Executive Officer of Fluence, AES' energy storage joint venture with Siemens. Coughlin succeeds Gustavo Pimenta, who will be joining Brazilian mining company, Vale S.A., as Chief Financial Officer.
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