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Why AES (AES) is a Great Dividend Stock Right Now
ZACKS· 2024-07-23 16:46
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a m ...
Is AES (AES) Stock Undervalued Right Now?
ZACKS· 2024-07-23 14:45
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics ...
3 Hydrogen Stocks That Could Be Multibaggers in the Making: July Edition
Investor Place· 2024-07-19 19:40
Hydrogen stocks continue to spark investor interest worldwide.The global push for net-zero emissions is on, and hydrogen is likely to play a huge part in the transition. As the clean by-product of water vapor and warm air, hydrogen remains a cornerstone in advancing sustainable energy.Moreover, the public and private sectors are ramping up support for environmentally friendly initiatives. Hence, the shift propels robust growth in the hydrogen space, making it an excellent time for investors to consider buil ...
3 Hydrogen Stocks Set to Skyrocket: Expert Picks for Massive Gains
Investor Place· 2024-07-17 10:51
It’s official: green energy is in. Governments worldwide are pushing for more environmentally conscious operations, supporting electric vehicles and integrating renewable energy into their power grids. With growing support, international interest and attractive incentives, private companies are following suit. As a result, the market is seeing growth in renewables, especially with hydrogen stock picks.Renewable energy technology is ever-improving, and demand is increasing due to the global transition. Compa ...
AES Announces Quarterly Dividend
Prnewswire· 2024-07-12 21:00
ARLINGTON, Va., July 12, 2024 /PRNewswire/ -- The Board of Directors of The AES Corporation (NYSE: AES) declared a quarterly common stock dividend of $0.1725 per share payable on August 15, 2024 to shareholders of record at the close of business on August 1, 2024. Additional information regarding dividends paid by AES, including tax treatment, can be found on www.aes.com by selecting "Investors" then "Stock Information" and then "Dividend History."About AESThe AES Corporation (NYSE: AES) is a Fortune 500 gl ...
AES Announces Second Quarter 2024 Financial Review Conference Call to be Held on Friday, August 2, 2024 at 10:00 a.m. ET
Prnewswire· 2024-07-02 11:00
ARLINGTON, Va., July 2, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) will host a conference call on Friday, August 2, 2024 at 10:00 a.m. Eastern Time (ET) to review its second quarter 2024 financial results.The call will include prepared remarks and a question and answer session.  It will be open to the media and the public in a listen-only mode by telephone and webcast.  Interested parties may listen to the teleconference by dialing 1-833-470-1428 at least ten minutes before the start of the call.  ...
3 Clean Energy Stocks to Sell in July Before They Crash & Burn
Investor Place· 2024-07-02 10:22
Energy stocks have been many investors’ favorites for a long time. The energy sector incorporates various sub-industries and companies within them such as natural gas, coal, oil and alternative clean energy. However, as our interconnected global society grows more conscious and educated about the environmental damage of climate change, the consumer demand for clean energy has skyrocketed. To meet this rising demand, governments started to support large clean energy subsidy projects like the Inflation Reduct ...
AES Rides on Renewable Expansion, Declining Wholesale Prices Ail
ZACKS· 2024-06-27 15:15
The AES Corporation (AES) focuses on increasing its renewable energy generation by adding solar, wind and battery energy storage on a regular basis to meet its long-term clean energy goals. The company is also involved in reducing its carbon footprint through the retirement of its coal-fired units.  However, this Zacks Rank #3 (Hold) company faces risks like a decline in wholesale prices and an unfavorable financial position, which act as a headwind.TailwindsLike other utility providers, AES Corp. has been ...
AES Partners with AI Fund to Accelerate AI-Driven Energy Solutions
Prnewswire· 2024-06-27 11:00
AES named as exclusive energy partner to develop AI-focused companies ARLINGTON, Va., June 27, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) today announced a strategic partnership with AI Fund aimed at accelerating the energy transition through artificial intelligence. Through this partnership, AES and AI Fund will collaborate on co-building companies that leverage AI to be more efficient and productive - putting AI to work to address today's energy challenges. Founded by global AI leader, Andrew Ng ...
Nuclear power is 'overblown' as an energy source for data centers, power company CEO says
CNBC· 2024-06-10 20:40
Core Viewpoint - The CEO of AES Corporation, Andrés Gluski, believes that the excitement surrounding nuclear energy for data centers is exaggerated, emphasizing that renewable energy is the future, with natural gas serving as a transitional fuel [1][2]. Group 1: Nuclear Energy Perspective - Gluski argues that the current enthusiasm for nuclear energy is "a little overblown," citing limitations in existing nuclear energy contracts for data centers and the high costs and long lead times associated with new nuclear projects [2][3]. - The Vogtle Plant in Georgia, which recently brought online its second nuclear reactor, faced significant delays and cost overruns, highlighting the challenges of nuclear energy development in the U.S. [3]. Group 2: Renewable Energy Commitment - AES Corporation currently generates 54% of its power from renewables, with plans for 89% of its gross power generation under construction to come from renewable sources [3]. - A recent agreement between Microsoft and Brookfield Asset Management for 10.5 gigawatts of renewable energy is seen as a significant indicator of the future direction of energy sourcing [4]. Group 3: Natural Gas and Renewable Energy Synergy - The natural gas sector views data centers as a key growth area, suggesting that natural gas will be necessary to support renewables until battery technology becomes more affordable and widespread [5][6]. - Goldman Sachs projects that power demand from data centers will more than double to 8% of total U.S. electricity consumption by 2030, with natural gas expected to supply 60% of this demand growth [5]. Group 4: Battery Storage and Renewable Integration - Gluski notes that battery prices are decreasing, and there is significant battery storage capacity awaiting grid connection, indicating a shift towards renewable energy solutions [6]. - At the end of 2023, solar, storage, and wind accounted for about 95% of the power capacity waiting for grid connection, demonstrating a strong pipeline for renewable energy integration [6]. Group 5: Corporate Agreements and Future Outlook - AES has secured long-term contracts with major tech companies, including Google and Amazon, to provide carbon-free energy, showcasing the company's commitment to renewable energy solutions [7]. - AES stock has seen a 26% increase over the past three months, with a majority of Wall Street analysts rating the company as a buy, reflecting positive market sentiment towards its renewable energy strategy [8].