Since the election results came in, the "Trump Trade" has driven the market. Gas and oil are up on "drill, baby drill", Tesla is up, and renewable energy is down. Renewable energy is expected to lose tax credits given under the Inflation Reduction Act. For a contrarian investor, this createsAfter 15 years working in the financial sector, performing analysis and judging risk management at investment banks, commercial banks and insurance companies, I want to work for myself. I have joined Seeking Alpha to sha ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Analyst's Disclosure: I/we have a beneficial long position in the shares of WEC, DUK, SO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The contents of this article, my previous articles, and my comments are for informational purposes only and may not be considered inve ...

The AES Corporation Third Quarter 2024 Financial Review November 1, 2024 CONTAINS FORWARD-LOOKING STATEMENTS Safe Harbor Disclosure Certain statements in the following presentation regarding AES' business operations may constitute "forward-looking statements." Such forward-looking statements include, but are not limited to, those related to future earnings, growth and financial and operating performance. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute ...

Company and Industry Key Points 1. **Company Overview**: AES Corporation (NYSE:AES) held its third quarter 2024 earnings call on November 1, 2024. The call featured company executives discussing financial results, business performance, and future outlook. [doc id='1'] 2. **Financial Results**: AES reported adjusted EBITDA of approximately $1.2 billion and adjusted EPS of $0.71 for the third quarter, in line with expectations. The company is on track to meet its 2024 financial objectives. [doc id='7'] 3. **Renewables Business**: AES' renewables business has seen robust growth, with 1.3 gigawatts of new PPAs added to the backlog since the second quarter. The company is well on track to meet its target of signing 14 to 17 gigawatts of new PPAs from 2023 to 2025. [doc id='9'] 4. **Construction Progress**: AES has completed construction of 1.2 gigawatts of new projects since the second quarter, representing nearly 80% of the 3.6 gigawatts expected to be completed this year. [doc id='11] 5. **U.S. Utilities**: AES' U.S. utilities, AES Indiana and AES Ohio, are among the fastest-growing utilities in the country, with projected double-digit rate base growth through 2027. [doc id='17'] 6. **Data Center Growth**: AES is seeing additional investment opportunities from data center growth in its service areas, with agreements for 2.1 gigawatts of new data center load growth at AES Ohio. [doc id='20] 7. **Asset Sales**: AES has signed or closed agreements for more than three-quarters of its $3.5 billion asset sale proceeds target through 2027. [doc id='23'] 8. **2024 Guidance**: AES reaffirmed its 2024 adjusted EBITDA guidance range of $3.6 billion to $4 billion and adjusted EPS guidance of $1.87 to $1.97. [doc id='31] 9. **2025 Outlook**: AES expects strong growth in its renewables and utility segments in 2025, driven by factors such as the completion of new projects and the continued execution of its decarbonization strategy. [doc id='37] Additional Important Points 1. **Extreme Weather**: AES experienced significant impacts from extreme weather events in Colombia and other regions, which negatively impacted its financial results. [doc id='8'] 2. **Tax Credits**: AES has been successful in maximizing tax value opportunities, which has reduced its capital requirements and increased returns. [doc id='48'] 3. **Hydrogen Project**: AES is developing a 1.5 gigawatts of renewables for potential use in hydrogen production. [doc id='54'] 4. **Credit Rating**: AES is engaged in constructive conversations with Moody's regarding its credit rating. [doc id='56] 5. **Asset Sales**: AES' asset sales program has been successful in improving its credit profile and reducing its exposure to certain risks. [doc id='61'] 6. **Renewables Growth**: AES expects significant growth in its renewables segment in 2025, driven by factors such as the completion of new projects and the continued execution of its decarbonization strategy. [doc id='70]

The AES Corporation's (AES) third-quarter 2024 adjusted earnings of 71 cents per share beat the Zacks Consensus Estimate of 60 cents by 18.3%. The bottom line also improved 18.3% from 60 cents per share in the year-ago quarter. The year-over-year improvement in adjusted earnings can be attributed to a lower adjusted tax rate and higher contributions from the renewable projects placed in service in 2024. The company generated GAAP earnings of 72 cents per share compared with 32 cents in the third quarter of ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.33%. A quarter ago, it was expected that this power company would post earnings of $0.36 per share when it actually produced earnings of $0.38, delivering a surprise of 5.56%.Over the last four quarters, the company has surp ...

Press Release Investor Contact: Susan Harcourt 703-682-1204, susan.harcourt@aes.com Media Contact: Amy Ackerman 703-682-6399, amy.ackerman@aes.com AES Reports Third Quarter Financial Results; Completes 1.2 GW of Construction and Adds 2.2 GW of Renewables PPAs and Data Center Load Growth at US Utilities 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 ...

Reaffirms 2024 Guidance and Long-Term Growth RatesStrategic 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________________________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-12291 THE AES CORPORATION (Exact name of registrant as specified ...