AES Corporation (AES) has reported impressive first quarter results, reaffirming their 2024 guidance and long-term growth rates. AES's Q1 2024 earnings saw it outperform net income estimates and EPS surge, an 18c improvement over the expected Q1 EPS. However, the company's stock underperformed when compared to its competitors on several days. Regardless, its strong futures outlook continues, as it registers clean energy advancements such as completing construction of 3.5 GW of renewables in 2023. Furthermore, AES Corporation received regulatory approval for a 200MW, 4-hour BESS at a retiring coal plant in Indiana, and is set to sell the Mong Duong 2 Plant, in a move towards decarbonization. On another strategic front,
AES Corporation is partnering with
Uplight to revolutionize customer engagement. It also secured investment from
HASI in its 605MW renewable portfolio in the U.S. Unfortunately, it hasn't been all positive news, with customer billing complaints becoming a growing issue. The corporationβs stock also underperformed on several occasions compared to other competitors such as
Eversource Energy, Ameren, and
NiSource. The company's stock value is projected to be $22.13 according to multiple brokerage reports. Lastly,
AES launched a webcast discussing the data centers and growing demand for renewable energy.
Aes Corporation AES News Analytics from Thu, 03 Aug 2023 07:00:00 GMT to Wed, 08 May 2024 10:53:24 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor 2
