AES Corporation and social media giant Meta have partnered on a massive, long-term renewable energy deal. AES will supply 650 megawatts of solar power to Meta's data centers in Texas and Kansas, marking one of the sector's biggest partnerships. AES also secured separate power purchase agreements with Amazon, leading to a solar and energy storage deal for 450 MW and 225 MW, respectively. However, AES' stock has seen fluctuations, touching a 52-week low due to current market challenges. Despite this, analysts agree the company is undervalued, and holds significant long-term potential. AES reaffirmed its 2025 guidance and long-term growth rate targets. Notably, AES continued its commitment to renewable expansion, even as wholesale prices declined, reaffirming its resilient growth strategy. However, the company was downgraded by Jefferies amid concerns about the company's valuation.
Aes Corporation AES News Analytics from Tue, 17 Sep 2024 07:00:00 GMT to Sat, 24 May 2025 13:26:56 GMT -
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