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AES CORPORATION (THE)

(AES)
  Report
Real-time Estimate Cboe BZX  -  09:49 2022-12-06 am EST
28.46 USD   +0.30%
12/05AES Increases Quarterly Dividend by 5% to $0.1659 Per Share; Payable Feb. 15 to Holders of Record on Feb. 1
MT
12/02AES Announces 5% Increase in Quarterly Dividend
PR
12/02The AES Corporation Approves an Increase of 5% in the Quarterly Common Stock Dividend, Payable on February 15, 2023
CI
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Hawaiian Electric Company, Inc. Ends Use of Coal for Power Generation as 30-Year Contract with Oahu Plant Winds Down of AES Corporation

08/07/2022 EST

The power purchase contract between Hawaiian Electric and AES Corporation, which has operated the coal-fired power plant at Campbell Industrial Park since 1992, will end at midnight on Sept. 1, 2022. The facility is the last in Hawaii to use coal to make electricity.

Using a combination of renewable resources and existing power plants, Hawaiian Electric will continue to have sufficient generation capacity and reserve margin to meet the needs of Oahu's 310,000 customers. By discontinuing the use of coal, Hawaiian Electric is forecasting that residential bills for typical Oahu customers will rise 7% or about $15, which will start showing up for most customers in bills they receive in October. The 180-megawatt AES facility is one of the state's largest emitters of greenhouse gases, releasing 1.5 million metric tons of carbon dioxide equivalent annually.

There were no plans by AES and Hawaiian Electric to extend the use of the coal plant after the expiration of the 30-year contract and under Act 23 of 2020, Hawaii banned any extension of the coal plant contract and any future use of coal for power generation.


ę S&P Capital IQ 2022
All news about AES CORPORATION (THE)
12/05AES Increases Quarterly Dividend by 5% to $0.1659 Per Share; Payable Feb. 15 to Holders..
MT
12/02AES Announces 5% Increase in Quarterly Dividend
PR
12/02The AES Corporation Approves an Increase of 5% in the Quarterly Common Stock Dividend, ..
CI
11/29UBS Adjusts The AES Price Target to $33 From $28, Maintains Buy Rating
MT
11/23AM Best Upgrades Credit Ratings of AES Global Insurance Company
BU
11/11Morgan Stanley Adjusts Price Target on AES to $32 From $31, Maintains Overweight Rating
MT
11/10Teck Secures 100% Clean Power with AES Andes for Quebrada Blanca Phase 2
AQ
11/09Citigroup Adjusts Price Target on The AES to $30 From $27, Maintains Buy Rating
MT
11/04Transcript : The AES Corporation, Q3 2022 Earnings Call, Nov 04, 2022
CI
11/04AES Reports Higher Q3 Adjusted Profit, Revenue
MT
More news
Analyst Recommendations on AES CORPORATION (THE)
More recommendations
Financials (USD)
Sales 2022 11 310 M - -
Net income 2022 780 M - -
Net Debt 2022 18 599 M - -
P/E ratio 2022 31,8x
Yield 2022 2,23%
Capitalization 18 950 M 18 950 M -
EV / Sales 2022 3,32x
EV / Sales 2023 3,29x
Nbr of Employees 8 450
Free-Float 81,3%
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Technical analysis trends AES CORPORATION (THE)
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Last Close Price 28,37 $
Average target price 29,33 $
Spread / Average Target 3,40%
EPS Revisions
Managers and Directors
AndrÚs Ricardo Gluski Weilert Executive Vice President & Regional President
Stephen Coughlin Chief Financial Officer & Executive Vice President
John B. Morse Chairman
Bernerd Raymond da Santos ┴vila Chief Operating Officer & Executive Vice President
Tarun Khanna Independent Director
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