17.15 0.00 (0.00%)
After hours: 4:56PM EDT
|Bid||17.15 x 3100|
|Ask||17.16 x 4000|
|Day's Range||16.96 - 17.17|
|52 Week Range||12.71 - 18.52|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||16.95|
|Earnings Date||Aug 6, 2019|
|Forward Dividend & Yield||0.55 (3.20%)|
|1y Target Est||18.33|
The 350-employee business formed by companies that complemented each other fit a market need, execs say.
The AES Corporation (AES) today announced the merger of Simple Energy with Tendril to form Uplight, a new company that offers the most comprehensive suite of customer-facing solutions for electric and gas utilities. Building on AES’ 2018 investment in Simple Energy, the Company made a $53 million strategic investment in Uplight as part of the merger.
AES Corp NYSE:AESView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for AES with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting AES. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.35 billion over the last one-month into ETFs that hold AES are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. AES credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The AES Corporation (AES) will host a conference call on Tuesday, August 6, 2019 at 9:00 a.m. Eastern Daylight Time (EDT) to review its second quarter 2019 financial results. Exhibits also may be requested, but a charge equal to the reproduction cost thereof will be made.
In 2011 Andrés Ricardo Weilert was appointed CEO of The AES Corporation (NYSE:AES). This report will, first, examine...
The Utilities Select Sector SPDR ETF (XLU) has continued to trade close to its peak recently. It closed at $59.63 at last week, almost 1% and 6% above its 50-day and 200-day simple moving averages.…
Many top utility stocks are offering flattish potential upside due to the recent rally, based on analysts’ estimates.
Moody's Investors Service ("Moody's") affirmed the ratings of DPL Inc. (Ba1 senior unsecured) and Dayton Power & Light Company (DP&L, Baa2 issuer rating, A3 first mortgage bond) and changed their outlooks to stable from positive. "Heightened uncertainty regarding DP&L's ability to collect its Distribution Modernization Rider (DMR) until the end of its third Electric Security Plan (ESP-III) no longer justifies the maintenance of a positive outlook" said Nati Martel, a VP-Senior Analyst.
AES Alamitos, a subsidiary of The AES Corporation (AES), announces the groundbreaking of a 400 megawatt-hour (MWh) battery-based energy storage system for Alamitos Energy Center (AEC) as part of a larger modernization and replacement project of the existing AES Alamitos Generating Station. The energy storage facility in Long Beach will provide up to 400 MWh of local energy to ensure power flexibility and reliability for Southern California Edison (SCE) customers, while helping the state meet its aggressive target of 100 percent clean energy by 2045.
Analysts expect a decent upside potential from AES (AES) going forward. They have given AES a median target price of $18.3 compared to its current market price of $16.8.
Analysts expect a dull upside of ~2% from NextEra Energy (NEE) stock based on the median target price of $211.2 and its current price of ~$207.6. Morgan Stanley raised NextEra Energy’s target price last week.
The utilities sector eased slightly Thursday, to buck a broader stock market rally, as a sharp drop in longer-term Treasury yields was balanced with a rally in AES Corp.'s stock after an analyst upgrade. The Dow Jones Utility Average inched less than 0.1% lower, although 8 of 15 components traded up, while the Dow Jones Industrial Average jumped 222 points, or 0.8%. AES shares jumped 1.8% after Bank of America Merrill Lynch analyst Julien Dumoulin-Smith raised his rating to neutral from underperform, and raised his price target to $16.50 from $16. "We perceive upside to renewable development opportunities and expect [liquid natural gas]/logistics opportunities in Vietnam and the Atlantic Basin to drive future growth," Dumoulin-Smith wrote in a note to clients. Among other more-active utility stocks, Southern Co. edged up 0.1%, Exelon Corp. was little changed and Dominion Energy Inc. gained 0.1%. The yield on the 10-year Treasury note fell 3.1 basis points to 1.998%, the first move below the 2% mark since November 2016, amid increasing speculation that the Federal Reserve will cut interest rates. Utilities stocks usually rise when Treasury yields fall, and Treasury prices gain, as the sector's relative high yield makes then more attractive. The Dow utilities implied dividend yield is 2.94%, compared with the implied yield for the Dow Jones Industrial Average of 2.03%.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
(Bloomberg) -- Clean energy has a dirty secret.While the industry is welcoming more women leaders, its rank-and-file workforce is still a lot like those at fossil-fuel companies: white and dominated by men. The lack of gender diversity is being driven by manufacturing jobs, and that means women are now missing out on the biggest jobs boom America has to offer.Solar installer and wind-turbine technician are the two fastest-growing professions in the U.S., projected to rise more than any others through 2026. One in every 50 new positions created in the U.S. involved solar in 2016, and clean power now accounts for about a third of all employment in the energy sector.“I have about 170 people on site at this project down in South Texas, and I think I have close to 10% female,” said Kim Smith, a 56-year-old vice president of construction for the Spanish renewable energy developer Acciona SA. “It’s nowhere near enough. What would be enough? Enough would be 50-50.”In terms of leadership, progressive-thinking clean power companies are breaking the mold in the energy industry, where an old boys’ club culture has long reigned. Almost a quarter of regulated electric utilities in the U.S. are now run by women -- three times their representation in the Fortune 500 by percentage. The picture looks different when the overall workforce is considered.By Brookings Institution’s count, the renewable power generation business is even less diverse than the fossil-fuel production industry, with women accounting for 13% of the U.S. workforce. In Europe, women hold less than a third of renewable energy manufacturing jobs and are largely employed in lower-skilled and administrative jobs. The breakdown is similar in Asia.The seeds for the gender imbalance is seen as having been sown years earlier by a culture where boys get toy trucks, girls get dolls and the former are encouraged to study science, technology and engineering more.By the time women go to college, they’re gravitating toward consulting and project management rather than traditional construction jobs, said Remy Pangle, director at James Madison University’s sustainable energy division. “How do you get girls interested in things that are more interesting to boys,” she said, “without having to make your LEGOs pink?”A study by the International Renewable Energy Agency released this year showed women account for 45% of the industry’s administrative jobs but only 28% of its math, science, technology and engineering ones.Acciona’s Smith calls herself “lucky” because she grew up helping her father and uncle with their small construction company. She fears her teenage nieces will shy away from jobs like hers.That’s what prompted her to write a letter to the Chicago Tribune in March. “We need to excite girls even younger,” she wrote. “Let them know their lives don’t have to be spent behind a desk. They’re needed in the field.”For women already in the industry, the going isn’t easy. At a time when the MeToo movement is raising awareness about gender-based discrimination everywhere from Hollywood to Wall Street, Jamie Yarmoff -- a 24-year-old project manager for power generator AES Corp. -- says the renewable industry too needs to change.She recalls being a construction manager on a solar project and having to make multiple requests for plans from a contractor. She never received a response, and the information was instead being sent to one of her male colleagues, according to Yarmoff.“I have to go further than my male counterparts to prove the same worth, because otherwise, why should they listen to me?” she said. AES said in a statement that it’s advancing diversity and inclusion throughout the entire company.As for wages, men earn 26% more than women in the the U.S. solar business -- at all position levels -- a joint report by the Solar Foundation and Solar Energy Industries Association shows. “We have a responsibility to create cultural change and address the systemic forces that have allowed discrimination to fester,” said Abigail Ross Hopper, SEIA’s president and CEO. “It’s imperative that we take proactive steps to advance these issues, because it isn’t going to happen on its own.”‘A Family Business’In Asia, most of the female leaders at clean energy companies didn’t “earn” their positions, said Molly Huang, executive secretary of the group Women in Renewables Asia. Instead, “it’s like a family business, and they are wives, daughters and family members of the board,” she said. “The ultimate goal is to improve the hiring process to include more women in clean energy.”Meanwhile, Brussels-based Women Enablers Change Agent Network is fighting for a breakthrough in gender equality. “While European women outnumber men in university degrees, they are less likely to study science, technology, engineering and mathematics,” co-founder Anna-Kaisa Itkonen said.Kristen Graf, who runs a New York-based group representing women in renewable energy, cautions that lack of diversity is so pronounced that even those getting into the field can feel alienated.“Unfortunately, this is the case in a lot of places where there’s one woman on the site -- that sense of isolation in the mix,” she said. “Even if you’re that woman who loves hanging out with the guys and fits in, is incredibly good at your work and loves that space, it still can be an isolating feeling. So how do you stay in it and stick with it?”\--With assistance from Ewa Krukowska and Aaron Clark.To contact the reporters on this story: Gerald Porter Jr. in New York at email@example.com;Lynn Doan in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Pratish Narayanan at email@example.com, Janet PaskinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
So far, utility stocks have risen ~17% in 2019. Broader markets have risen more than 15% during the same period. Many of the top utility stocks are trading close to their 52-week highs.
Less than two decades ago, AES Corp (AES) was one false step from bankruptcy. That's when management dramatically slashed debt, streamlined its portfolio and modernized its fleet and systems with the most advanced power technology, recalls Roger Conrad, utility sector expert and editor of Conrad's Utility Investor.
Gustavo Pimenta, Executive Vice President and Chief Financial Officer of The AES Corporation (AES), will address the JP Morgan Energy Conference on Tuesday, June 18, 2019 at 12:00 p.m. Eastern Time. The AES Corporation (AES) is a Fortune 500 global power company. This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934.