|Bid||17.16 x 3000|
|Ask||17.34 x 1300|
|Day's Range||16.37 - 17.30|
|52 Week Range||8.11 - 21.23|
|Beta (5Y Monthly)||0.98|
|PE Ratio (TTM)||60.42|
|Earnings Date||Nov 04, 2020 - Nov 09, 2020|
|Forward Dividend & Yield||0.57 (3.46%)|
|Ex-Dividend Date||Jul 31, 2020|
|1y Target Est||18.07|
Chilean copper mines Escondida and Spence, controlled by BHP, will jointly pay $840 million for an early end to a contract signed in 2008 with a coal-fired thermoelectric plant in the north of the country. BHP, like other mining companies in Chile, has been migrating its energy contracts to renewable sources to reduce its carbon footprint. In a letter to the local securities regulator on Friday night, power company AES Gener - a unit of AES Corp - said that the end of the agreement signed with its Angamos plant was modified to August 2021.
AES (AES) delivered earnings and revenue surprises of 8.70% and -11.24%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
The domestic-focused matured Utilities sector is one of the two of the 16 Zacks sectors, which is expected to deliver earnings growth.
AES (AES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
(Bloomberg) -- The AES Corp. acquired a 25% stake in an Australian clean tech firm that says its solar design can cut installation times by more than half while generating twice as much energy per acre than traditional arrays.The firm, 5B Holdings PTY, has developed a prefabricated solar block that can be folded for shipping and takes minutes to deploy once on site, according to AES. The technology requires less ground penetration, doubles energy density and allows solar farms to be located closer to the load, the company said in a statement. AES finalized its investment in the company July 1.“You combine prefab solar, batteries, digital, plus our platform of 35 gigawatts around the world -- we think we can accelerate some interesting and new solutions,” said AES Chief Executive Officer Andres Gluski.5B’s technology, called Maverick, is already being used in Australia, Gluski said. AES plans to deploy the design in the U.S., Panama, Chile, India and Eastern Europe.(Adds date of investment in second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The AES Corporation (NYSE: AES) announced today that it has made a strategic investment in 5B, a solar technology innovator based in Sydney, Australia. 5B's revolutionary MAVERICK design enables customers to add solar resources at a pace that is three times faster while providing up to two times more energy within the same footprint of traditional solar facilities. Together, AES and 5B will help clients accelerate their use of solar energy.
|Maintains||Morgan Stanley: to Overweight||6/17/2020|
|Maintains||JP Morgan: to Overweight||6/2/2020|
|Maintains||Morgan Stanley: to Overweight||5/15/2020|
|Maintains||Morgan Stanley: to Overweight||4/15/2020|
|Upgrade||RBC Capital: Sector Perform to Outperform||4/2/2020|
|Upgrade||Morgan Stanley: Equal-Weight to Overweight||3/23/2020|
Full Time Employees: 8,000
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market. It uses a range of fuels and technologies to generate electricity, including natural gas, coal, pet coke, diesel, and oil, as well as renewables, such as hydro, solar, wind, energy storage, biomass, and landfill gas. The company owns and/or operates a generation portfolio of approximately 30,471 megawatts. It has operations in the United States, Puerto Rico, El Salvador, Chile, Colombia, Argentina, Brazil, Mexico, Central America, the Caribbean, Europe, and Asia. The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000. The AES Corporation was founded in 1981 and is headquartered in Arlington, Virginia.