Latest news with #AESCorporation
Yahoo
30-05-2025
- Business
- Yahoo
Here is Why The AES Corporation (AES) Declined This Week
The share price of The AES Corporation (NYSE:AES) fell by 10.41% between May 20 and May 27, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. An executive in a power plant control booth overseeing the efficient energy production. The AES Corporation (NYSE:AES), together with its subsidiaries, operates as a power generation and utility company in the United States and internationally. A number of factors have put downward pressure on the share price of The AES Corporation (NYSE:AES) this month. The company reported lower-than-expected results for its Q1 2025, missing estimates in both earnings and revenue. Moreover, AES has suffered a blow from President Trump's tax bill, with a potential slowdown expected in the renewable business outlook starting in 2027 and beyond. The wind and solar industries, in particular, have suffered a setback, and AES has been investing in these two renewable sectors since 2002. Lastly, The AES Corporation (NYSE:AES) was recently downgraded by analysts at Jeffries and Argus Research due to concerns about the company's future, particularly in the renewable sector. While we acknowledge the potential of AES to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AES and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None. Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Here is Why The AES Corporation (AES) Declined This Week
The share price of The AES Corporation (NYSE:AES) fell by 10.41% between May 20 and May 27, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. An executive in a power plant control booth overseeing the efficient energy production. The AES Corporation (NYSE:AES), together with its subsidiaries, operates as a power generation and utility company in the United States and internationally. A number of factors have put downward pressure on the share price of The AES Corporation (NYSE:AES) this month. The company reported lower-than-expected results for its Q1 2025, missing estimates in both earnings and revenue. Moreover, AES has suffered a blow from President Trump's tax bill, with a potential slowdown expected in the renewable business outlook starting in 2027 and beyond. The wind and solar industries, in particular, have suffered a setback, and AES has been investing in these two renewable sectors since 2002. Lastly, The AES Corporation (NYSE:AES) was recently downgraded by analysts at Jeffries and Argus Research due to concerns about the company's future, particularly in the renewable sector. While we acknowledge the potential of AES to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AES and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Why AES Corporation (AES) Crashed Today
We recently published a list of . In this article, we are going to take a look at where AES Corporation (NYSE:AES) stands against other firms that are drenched in red today. Ten companies pulled back on Wednesday, booking hefty losses during the trading session, with investor sentiment weighed down by a flurry of government policies and dismal earnings performance in the last quarter of the year. Meanwhile, the Dow Jones fell by 1.91 percent, the S&P 500 declined by 1.61 percent, and the tech-heavy Nasdaq dropped 1.41 percent. In this article, let us take a look at the 10 companies that led a poor performance during the day and explore the reasons behind their drop. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume. An executive in a power plant control booth overseeing the efficient energy production. The AES Corporation fell for a sixth consecutive day on Wednesday, dropping 9.88 percent to end at $10.13 apiece as investors seemed unimpressed by its newly bagged deal with technology giant Meta Platforms Inc. On Wednesday, The AES Corporation (NYSE:AES) said that it entered into a long-term power purchase agreement to support Meta's data centers with 650 MW of solar projects. 'By providing energy solutions that offer fast time-to-power and low-cost electricity, we continue to be the partner of choice for companies, like Meta, at the forefront of artificial intelligence innovation,' said The AES Corporation (NYSE:AES) President and Chief Executive Officer Andrés Gluski. Additionally, The AES Corporation (NYSE:AES) said the partnership will boost employment opportunities for communities in Texas and Kansas. The AES Corporation (NYSE:AES) is one of the leading US-based global power companies, with 32.7 GW in operation, a backlog of 12.3 GW of signed long-term PPAs, and a pipeline of 65 GW. Overall, AES ranks 2nd on our list of firms that are drenched in red today. While we acknowledge the potential of AES as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AES but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Why AES Corporation (AES) Crashed Today
We recently published a list of . In this article, we are going to take a look at where AES Corporation (NYSE:AES) stands against other firms that are drenched in red today. Ten companies pulled back on Wednesday, booking hefty losses during the trading session, with investor sentiment weighed down by a flurry of government policies and dismal earnings performance in the last quarter of the year. Meanwhile, the Dow Jones fell by 1.91 percent, the S&P 500 declined by 1.61 percent, and the tech-heavy Nasdaq dropped 1.41 percent. In this article, let us take a look at the 10 companies that led a poor performance during the day and explore the reasons behind their drop. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume. An executive in a power plant control booth overseeing the efficient energy production. The AES Corporation fell for a sixth consecutive day on Wednesday, dropping 9.88 percent to end at $10.13 apiece as investors seemed unimpressed by its newly bagged deal with technology giant Meta Platforms Inc. On Wednesday, The AES Corporation (NYSE:AES) said that it entered into a long-term power purchase agreement to support Meta's data centers with 650 MW of solar projects. 'By providing energy solutions that offer fast time-to-power and low-cost electricity, we continue to be the partner of choice for companies, like Meta, at the forefront of artificial intelligence innovation,' said The AES Corporation (NYSE:AES) President and Chief Executive Officer Andrés Gluski. Additionally, The AES Corporation (NYSE:AES) said the partnership will boost employment opportunities for communities in Texas and Kansas. The AES Corporation (NYSE:AES) is one of the leading US-based global power companies, with 32.7 GW in operation, a backlog of 12.3 GW of signed long-term PPAs, and a pipeline of 65 GW. Overall, AES ranks 2nd on our list of firms that are drenched in red today. While we acknowledge the potential of AES as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AES but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
AES Teams Up with Meta to Provide 650 MW of Solar Power in Texas and Kansas
The AES Corporation (NYSE:AES) announced today that it has signed two long-term Power Purchase Agreements (PPAs) to supply Meta's data centers with 650 MW of solar energy from projects being developed in the Southwest Power Pool (SPP) region. The AES Corporation (NYSE:AES) is the largest American global power company, currently operating 32.7 GW of capacity, with an additional 12.3 GW of signed long-term PPAs and a development pipeline totaling 65 GW. Andrés Gluski, AES President and Chief Executive Officer, made the following statement regarding the company's partnership with Meta: "AES is proud to partner with Meta to deliver reliable and affordable renewable energy that supports their data center growth and ambitious sustainability goals. By providing energy solutions that offer fast time-to-power and low-cost electricity, we continue to be the partner of choice for companies, like Meta, at the forefront of artificial intelligence innovation." The AES Corporation (NYSE:AES) has secured 10.1 GW of contracts with major global hyperscalers, including 7.7 GW in long-term PPAs aimed at building renewable energy capacity to meet data center power demands. This solidifies AES's role as a leading energy provider for corporate clients worldwide. AES's leadership in this area has been recognized by Bloomberg New Energy Finance (BNEF), which has ranked the company as a top clean energy supplier to corporations for the third consecutive year in its 2024 Corporate Energy Market Outlook. The AES Corporation (NYSE:AES) started investing in wind and solar in 2002. It expanded into distributed solar by acquiring Mainstreet Power in 2015 and bought sPower, the largest US solar developer, in 2017 with AIMCo. In 2021, AES launched a robot to speed up solar construction. While we acknowledge the potential of AES to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AES and that has 100x upside potential, check out our report about this cheapest AI stock. READ MORE: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
