AES Stock Recent News

This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields about 3.35%, we present two other groups of five DGI stocks each, from moderate to high yields of up to 9%.

A dip in renewable energy stocks on the back of Donald Trump winning the SU presidential is a buying opportunity for investors. That is the suggestion from Nigel Green, CEO of financial advisor deVere Group.

24/7 Wall St. Insights The market is pricing in two 25-basis-point rate cuts for the rest of 2024.

I am cautious about investing in The AES Corporation despite its compelling 4.7% dividend yield and low P/E ratio, due to its high leverage and aggressive capital expenditures. AES's revenues are largely unregulated and international, posing currency risks and making them more volatile compared to U.S.-focused utilities like WEC, DUK, and SO. The company's significant investments in alternative energy are promising but risky, also given its history of asset impairments and sub-par return on invested capital.

NEW YORK , Nov. 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the Dow Jones Industrial Average (DJIA) and Dow Jones Utility Average (DJUA) effective prior to the open of trading on Friday, November 8: NVIDIA Corp. (NASD:NVDA) will replace Intel Corp. (NASD:INTC), and The Sherwin-Williams Co. (NYSE:SHW) will replace Dow Inc. (NYSE:DOW) in the Dow Jones Industrial Average. The index changes were initiated to ensure a more representative exposure to the semiconductors industry and the materials sector respectively.

Start Time: 09:00 January 1, 0000 10:06 AM ET AES Corporation (NYSE:AES ) Q3 2024 Earnings Call November 01, 2024, 09:00 AM ET Company Participants Andres Gluski - President and CEO Steve Coughlin - EVP and CFO Susan Harcourt - VP, IR Conference Call Participants Nicholas Campanella - Barclays David Arcaro - Morgan Stanley Durgesh Chopra - Evercore ISI Julien Dumoulin-Smith - Jefferies Angie Storozynski - Seaport Michael Sullivan - Wolfe Research Ryan Levine - Citi Richard Sunderland - JPMorgan Operator Good morning. Thank you for attending today's AES Corporation Third Quarter 2024 Financial Review Call.

AES' third-quarter earnings beat the Zacks Consensus Estimate by 18.3%. However, its revenues miss the consensus estimate by 9.3%.

AES (AES) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.60 per share a year ago.

Reaffirms 2024 Guidance and Long-Term Growth Rates Strategic Accomplishments Signed or awarded 2.2 GW of new contracts, including long-term renewables PPAs and data center load growth at US utilities 1.3 GW of renewables under long-term PPAs 900 MW of new data center load growth at AES Ohio Completed the construction of 1.2 GW; on track to add a total of 3.6 GW of new projects to operations in full year 2024 Announced or closed nearly three-quarters of $3.5 billion asset sale proceeds target through 2027 In September, announced a strategic partnership with CDPQ to support AES Ohio's robust growth plans; agreed to sell a 30% indirect interest for approximately $546 million On October 31, 2024, closed the sale of 47.3% equity interest in AES Brasil for approximately $630 million, including sale and hedge proceeds Q3 2024 Financial Highlights GAAP Financial Metrics Diluted EPS of $0.72, compared to $0.32 in Q3 2023 Net Income of $210 million, compared to $291 million in Q3 2023 Net Incom

AES (AES) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.