AES ( (AES) ) has provided an announcement.
On February 28, 2025, AES Corporation announced its financial results for the year ending December 31, 2024, highlighting significant achievements in strategic and financial goals. The company reported a net income of $698 million, a substantial increase from the previous year’s loss, driven by contributions from renewables projects and favorable currency gains. AES achieved strategic milestones by signing 6.8 GW of new contracts, including 4.4 GW of renewables under long-term PPAs, and completed 3.0 GW of renewable projects. The company also initiated guidance for 2025, expecting continued growth in renewables and reaffirming long-term growth targets. AES’s strategic focus on clean energy and efficiency positions it well to meet growing demands from AI data centers and manufacturing plants, while its de-risked growth plan through 2027 ensures stability and continued operational optimization.
More about AES
AES Corporation operates in the energy sector, focusing on providing clean energy solutions. The company is a leading provider of renewable energy, including solar, wind, and energy storage solutions, and is recognized globally for its efforts in supplying clean energy to corporations. AES also engages in data center load growth and retail supply for data centers, with a significant presence in the United States and other regions like Chile and Panama.
YTD Price Performance: -18.07%
Average Trading Volume: 13,695,128
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.38B
See more data about AES stock on TipRanks’ Stock Analysis page.