AES Corporation is making both strategic divestments and investments. It has agreed to sell its controversial plant to Duke, its equity interest in AES Brasil for approximately $640 million, and the Mong Duong 2 Plant in Vietnam - steps that indicate an intentional shift of focus. The company has also embarked on an AI-driven initiative to bolster its sustainable energy operations, and despite a CEO casting doubt on the efficacy of nuclear power for data centers, AES has reported strong Q1 results and reaffirmed its growth rates for 2024.
In terms of investments, AES has partnered with an AI Fund to accelerate energy solutions and also completed the construction of 3.5 GW of renewables in 2023. A further notable move includes the launch of their first AI-Enabled Solar Installation Robot. AES has also successfully priced $950,000,000 million fixed-to-fixed rate reset junior subordinated green notes and has announced quarterly dividends. It has also seen significant interest from hedge funds. AES Corp shares maintain a buy rating, though underperforms the market, and the firm forecasts its profit for 2024 to surpass Wall Street expectations.
Aes Corporation AES News Analytics from Tue, 26 Sep 2023 07:00:00 GMT to Fri, 30 Aug 2024 01:49:32 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor -5
