|Bid||16.38 x 1000|
|Ask||16.38 x 4000|
|Day's Range||16.12 - 16.48|
|52 Week Range||13.55 - 18.52|
|Beta (3Y Monthly)||0.74|
|PE Ratio (TTM)||27.30|
|Earnings Date||Nov 6, 2019|
|Forward Dividend & Yield||0.55 (3.38%)|
|1y Target Est||18.38|
Warmer than normal temperature in majority of American Electric's (AEP) service territories is likely to have boosted its top line in the third quarter of 2019.
The AES Corporation (AES) today announced the start of operations of the first liquefied natural gas (LNG) hub in Panama and Central America, located at the AES Colón plant. AES Colón consists of the 180,000 m3 LNG tank and a 381 MW combined cycle power plant, which reached commercial operations in 2018 and had been previously operating with gas from temporary sources. The commercial operation of the LNG storage facility will allow for the use of LNG throughout the region and establish Panama as the natural gas hub for the Central American region.
Vietnam offers a massive opportunity for North American natural gas producers, power generators and LNG transportation and infrastructure, asserts Roger Conrad, editor of Conrad's Utility Investor.
The Board of Directors of The AES Corporation (AES) declared a quarterly common stock dividend of $0.1365 per share payable on November 15, 2019, to shareholders of record at the close of business on November 1, 2019. 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.
The CFO of Brazilian renewable energy firm Renova Energia SA resigned and a key shareholder gave up its stake after failed talks to sell heavily indebted wind farm projects. Renova Chief Executive Officer Cristiano Corrêa de Barros will temporarily assume the responsibilities of outgoing Chief Financial Officer Claudio Ribeiro, the company said on Monday. Separately on Monday, Renova shareholder Light SA said it had sold its 17.17% stake in the firm to an investment fund for a symbolic value of 1 real.
The advanced economies have been hit by major shocks in their trade and manufacturing sectors, and the impact is beginning to permeate the service sectors and labour markets. According to the latest Fulcrum nowcasts, overall activity growth in these major economies is running at only 0.8 per cent, less than half its trend rate. that China has bucked the pattern of below-trend growth.
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Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does AES (AES) have what it takes? Let's find out.
Moody's Investors Service has today placed the Ba3 rating for Mong Duong Finance Holdings BV's USD senior secured notes on review for downgrade. Mong Duong Finance is a finance entity, whose credit profile is closely linked to AES-VCM Mong Duong Power Company Limited (MDP), because of several structural features. "The rating action reflects Moody's view that the rating on the notes is linked to Vietnam sovereign's rating, given that the government's commitment to MDP under the GGU and the BOT contract is a key driver for MDP's credit quality," says Mic Kang, a Moody's Vice President and Senior Credit Officer.
AES Corp's (AES) subsidiary starts commercial operation at its 20-MW AC Antelope DSR 3 solar project, for providing energy to Edison International's subsidiary.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
sPower, a leading renewable energy Independent Power Producer (IPP), today announced that the company completed its latest addition to its solar portfolio in Lancaster, California. Antelope DSR 3 is a 20-Megawatt (MW) AC solar energy project, constructed by Cupertino Electric, Inc., a California-based company. The project, located in California’s Antelope Valley, will provide energy to Southern California Edison (SCE) under a long-term power purchase agreement.
The AES Corporation (AES) will host a conference call on Wednesday, November 6, 2019 at 9:00 a.m. Eastern Standard Time (EST) to review its third quarter 2019 financial results. Exhibits also may be requested, but a charge equal to the reproduction cost thereof will be made.
The AES Corporation (AES) today announced that in September it voluntarily prepaid $443 million of recourse debt. As a result, the Company’s long-term recourse debt balance has been reduced to $3.2 billion as of September 30, 2019. The Company previously planned to reduce its recourse debt by $300 million through 2022, including $150 million in 2019.
The AES Corporation (AES) today announced it was granted approval by the Government of Vietnam to develop a 2.2 GW combined cycle gas turbine (CCGT) power plant, which will be located in the south-central province of Binh Thuan, Vietnam. The Son My 2 plant will have a 20-year contract with the Government of Vietnam, and is expected to achieve financial close in 2021 and begin commercial operations in 2024. Son My 2 complements AES’ investment plans in gas infrastructure in the country with its previously announced 450 TBtu Son My LNG terminal, which received approval from the Government of Vietnam in August 2019.
Note: On September 30, 2019, the press release was corrected as follows: In the methodology paragraph, the principal methodology was changed to Unregulated Utilities and Unregulated Power Companies. New York, September 27, 2019 -- Moody's Investors Service (Moody's) assigned a Ba2 rating to AES Gener S.A.'s (Gener) proposed $450 million junior subordinated capital notes (hybrid notes) due in 2079. In addition, Gener intends to invest any excess cash amount in the acquisition of the so called Eligible Green Projects, that is renewable and battery storage projects in Chile and Colombia.
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