Financial StrategyAES is selling a 30% stake in its OH utility business. Valuation looks attractive, the transaction is aligned with AES's strategy of prioritizing US renewables capex.
Growth PotentialAES remains well positioned to serve data center renewables demand, where it still sees robust interest and upward pressure to returns.
Risk Profile ImprovementAES' overall risk profile looks set to improve meaningfully and, by 2027, earnings are expected to be realized largely in the US, mostly from contracted or regulated sources, and without exposure to coal.