AES Corporation (AES) has managed to maintain a bullish outlook despite market undulations. Argus reaffirmed its buy rating for AES Corp shares, and the stock price hit the target of $28, up from $25. The company also outperformed competitors consistently, despite temporary losses. Contributing to its favorable market performance, AES agreed to sell its Equity Interest in AES Brasil for approximately $640 million and commenced the Antelope Solar Project. Meanwhile, AES's 3.5 GW of renewables in 2023 and its accelerated adoption of AI indicate that it's embracing innovation to future-proof its operations. The corporation also reaffirmed its long-term growth rates and presented strong Q4 results, surpassing estimates. The Q1 2024 results also indicate a favorable future, where AES executive vice president bought stock options, signifying internal confidence in the corporation's future. In a strategic move, the AES Corp sells its Mong Duong 2 Plant in Vietnam and achieved its next decarbonization milestone. AES's green objectives are further demonstrated as it closes a natural gas-fired plant in California and takes steps towards transitioning to natural gas in Indiana by 2026.
Aes Corporation AES News Analytics from Thu, 03 Aug 2023 07:00:00 GMT to Sat, 01 Jun 2024 22:59:14 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor 3