|Bid||17.54 x 2200|
|Ask||0.00 x 800|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||17.32|
|Earnings Date||Aug 6, 2019|
|Forward Dividend & Yield||0.55 (3.09%)|
|1y Target Est||18.31|
Moody's Investors Service has assigned a provisional (P)Ba3 rating to the proposed senior secured USD notes of Mong Duong Finance Holdings BV due 2029. This is the first-time that Moody's has assigned a rating to Mong Duong Finance. The outlook on the rating is stable.
AES Corp. (AES) plans to deploy the Uplight platform in Latin America, as it now works together with Uplight on community solar, e-mobility and advanced C&I offerings.
The Board of Directors of The AES Corporation (AES) declared a quarterly common stock dividend of $0.1365 per share payable on August 15, 2019, to shareholders of record at the close of business on August 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.
A new business, called Uplight, has formed by merging two Colorado technology companies serving the utilities industry and that collectively reach a majority of North American households. Tendril and Simple Energy revealed their merger Monday. The company’s products help power utilities engage with their customers, encourage energy conservation and shape electricity consumption.
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 $5.25 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 […]
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.