The global power company, AES Corporation, is making noteworthy strides in the energy sector across various areas. The firm infused US$1.1bn into transitioning from coal-to-gas, alongside solar and BESS projects. They are also converting their Petersburg plant from coal to natural gas, contributing further to a sustainable energy future. Additionally, AES has made significant investments in renewable and AI-driven solutions. The company introduced the inaugural AI-Enabled Solar Installation Robot and achieved a notable feat by constructing 3.5 GW of renewables in 2023.
AES corporation's stocks had both outperformed and underperformed in the market throughout various periods. Peculiarly, the firm is moving on from its equity interest in AES Brazil, selling it for approximately $640 Million. In the meantime, the company posted strong Q1 results, reaffirmed their 2024 guidance, and achieved record sales with data center hyperscalers. Moreover, AES contributed to the energy sector through its participation in clean hydrogen hubs funded by the US Department of Energy. Importantly, the firm had its ratings affirmed and maintained a 'buy' rating.
Aes Corporation AES News Analytics from Fri, 13 Oct 2023 07:00:00 GMT to Sun, 11 Aug 2024 16:27:21 GMT - Rating 3 - Innovation 5 - Information 5 - Rumor 0
