AES Corporation reported a strong performance this quarter and reaffirmed its outlook through 2024. The company showcased its expanding portfolio by completing 3.5 GW of renewable constructions in 2023 and is set to sell its equity interest in AES Brasil for approximately $640 million. The company is accelerating its growth with the implementation of artificial intelligence and continues to provide the tech sector with renewable energy solutions. Notably, AES has been expanding its renewable energy efforts in Houston. The company's financial growth is indicated by Mutual of America Capital Management LLC's $3.13 million stake. AES also successfully closed its previously announced minority sell-downs of LNG businesses in the Dominican Republic and Panama. Despite some complaints about customer billing, the company marches forward, reaffirming its earnings guidance for 2024 and investing more in clean energy. Features of the growing company include its successful Public Offering of Fixed-to-Fixed Rate Reset Junior Subordinated Green Notes and issuance of sustainable Bonds worth US$530 million.
