AES Corporation announced its intent to
sell its equity interest in
AES Brasil in a deal expected to fetch approximately
$640 million. Despite underperforming the market, AES Corp. stock still saw growth. Some analysts are suggesting that now may be the prime opportunity for investors to buy into AES.
Technology, particularly the advancement of
AI, is playing a critical role in the Corporation's growth. Their recent partnership with an
AI fund aims to enhance
AI-driven energy solutions.
AES has revealed ambitious plans for
renewable energy, constructing 3.5 GW of renewable capacity in 2023 and announcing its intent to partake in likely significant
solar-storage projects in Puerto Rico.
Already in Q1, AES showed
strong financial results and reaffirmed its 2024 guidance and long-term growth rates. The consistent announcement of
quarterly dividends and program to
repurchase shares adds further to investor confidence.
Besides advancing in renewable energy, it seeks developments in
hydrogen, molten salt, and grid tech. Simultaneously, it continues to progress towards decarbonization by announcing the sale of the Mong Duong 2 plant in Vietnam.
A string of investor-friendly moves such as
buyback shares, payment of
dividends and strong fundamentals raises optimism about the company. However, AES does have its share of critics and detractors, primarily those critical of the Company's overdependence on AI systems.
Multiple lawsuits have been raised against the company primarily for its Advance Notice Bylaws.
Aes Corporation AES News Analytics from Tue, 26 Sep 2023 07:00:00 GMT to Sat, 24 Aug 2024 14:01:00 GMT -
Rating 6
- Innovation 6
- Information 8
- Rumor 2
