|Bid||0.00 x 1400|
|Ask||0.00 x 40000|
|Day's range||12.96 - 13.20|
|52-week range||9.87 - 13.35|
|PE ratio (TTM)||N/A|
|Earnings date||6 Aug 2018 - 10 Aug 2018|
|Forward dividend & yield||0.52 (3.98%)|
|1y target est||13.11|
Stocks are down on Monday, and Morgan Stanley's Michael Wilson writes that we're in a much more "risk-on" environment than many investors appreciate. Wilson writes that the S&P 500 has been able to make little headway, caught between earnings growth and high valuations. Meanwhile, policy headlines and fears of a trade war have also increased the downside potential at a time when bond yields appear to be topping out--a sign that the market "may start to rotate more defensively." He notes that so far this year, we've seen large divergences in performance across the risk spectrum of assets, a situation that's "fine for now," but by the end of 2018, that hierarchy will be "misplaced" given a more uncertain outlook, based on tightening financial conditions and growth rates that look "peaky." The fact that the S&P 500 has underperformed rising earnings is anticipatory of decelerating growth, he writes.
AES rapidly expands its renewable footprint in overseas. May records show that 27% of the company's gross 33,965 MW in operation comes from renewable energy source.
The AES Corporation (AES) announced that it has completed the sale of its 17% interest in Brazilian utility, Eletropaulo, to Enel Brasil Investimentos Sudeste, S.A., a subsidiary of Enel S.p.A. for a total consideration of BRL 1.27 billion. “We are very proud of what the AES Eletropaulo team accomplished over the past 20 years in terms of modernizing the company, and improving technology, customer service and public safety,” said Andrés Gluski, AES President and Chief Executive Officer. For AES, the sale of AES Eletropaulo represents the final chapter of our strategic decision to exit from the distribution business in Brazil.
Tom O'Flynn, Executive Vice President and Chief Financial Officer of The AES Corporation (AES), will address the JP Morgan Energy Conference on Monday, June 18, 2018 at 2:00 p.m. Eastern Time. There will be a formal presentation and a question and answer session that will be open to the media and public in listen-only mode by webcast. The AES Corporation (AES) is a Fortune 500 global power company.
STERLING, MASS.—Until recently, this tidy, quiet town in central Massachusetts was best known to outsiders for its eight-acre corn maze out by Davis Farmland, and for a little statue near the corner of Main and Park immortalizing the lamb that is said to have followed young Mary Sawyer to school one day in 1812, inspiring a well-known poem. The visitors come to peek inside a single shipping container placed in late 2016 at the power substation on Chocksett Road. There, twin rows of what look like post office boxes pack lithium-ion batteries that together can hold two megawatts of power.
sPower, the largest private owner of operating solar assets in the United States, has signed a 22-year, 100 MW solar Power Purchase Agreement (PPA) with CleanPowerSF, a California Community Choice Aggregator (CCA) managed by the San Francisco Public Utilities Commission (SFPUC) that serves the City and County of San Francisco. The energy will be sold from sPower’s San Pablo Raceway Solar Project located in Lancaster, California. San Pablo Raceway is expected to be commercially operational in 2019 and generate enough renewable energy to power over 87,000 average San Francisco households.
The Dayton Power and Light Company , a subsidiary of The AES Corporation , introduces a new online marketplace enabling customers to make informed decisions on energy efficient products.
AES Corporation (AES) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Indianapolis Power & Light Company (IPL), a subsidiary of The AES Corporation (AES), was presented yesterday with the Edison Electric Institute’s (EEI) “Emergency Assistance Award” for its outstanding power restoration efforts after Winter Storm Riley and Winter Storm Quinn hit Massachusetts, New Jersey, and Ohio in March 2018. The award is given to select EEI member companies to recognize their outstanding response assisting other electric companies in power restoration efforts after service has been disrupted by severe weather conditions or other natural events.
The Dayton Power and Light Company (DP&L), a subsidiary of The AES Corporation (AES), was presented yesterday with the Edison Electric Institute’s (EEI) “Emergency Assistance Award” for its outstanding power restoration efforts after several nor’easters hit New Jersey in March 2018. The award is given to select EEI member companies to recognize their outstanding response assisting other electric companies in power restoration efforts after service has been disrupted by severe weather conditions or other natural events. DP&L received the award during EEI’s Annual Convention in San Diego.
Today, DPL Inc. (“DPL”), an AES company (AES), announced that the J.M. Stuart and Killen Stations have been retired as planned, in response to declining market conditions. J.M. Stuart Station is a 1,755 megawatt facility co-owned by DPL’s subsidiary, AES Ohio Generation, LLC (AES Ohio Gen), Vistra Energy and American Electric Power (AEP) with coal-fired and diesel-fired generating units. Killen Station is a 618 megawatt facility co-owned by AES Ohio Gen and Vistra Energy with a coal-fired generating unit and combustion turbine.
The 10-megawatt, four-hour duration energy storage solution, to be supplied by Fluence, will provide peaking capacity that will inject power into the grid during high peak demand periods for SRP customers. The 10-megawatt project, to be built in Chandler, was procured as part of an SRP initiative to learn more about grid-scale battery storage so that SRP will be better prepared to implement battery storage technology at an even larger scale in the future.
Japan's JERA, a U.S.-German joint venture and an Australian firm have teamed up to develop battery projects in the Asia-Pacific, including the world's biggest, targeting a market expected to be worth several billion dollars by 2022. The move marks a big green push for JERA, a joint venture between Tokyo Electric Power Co and Chubu Electric Power Co that is the world's top buyer of liquefied natural gas (LNG) and one of the world's biggest coal traders.
Based on the mean target price from Wall Street analysts, NRG Energy (NRG) stock offers a potential upside of 14% for the next 12 months. Analysts have given NRG Energy a mean target price of $38.1, compared to its current market price of $33.5.
Currently, NRG Energy (NRG) is trading at an enterprise value–to–EBITDA valuation of ~11x, compared to its five-year historical average valuation of 11x. NRG Energy stock looks to be trading at a fair valuation compared to its historical average.
The Vanguard Group, the biggest institutional investor in AES Corporation (AES), sold net 2.9 million shares in the first quarter. As of March 31, it held 10.6% of AES’s total outstanding shares.
As part of the Youth Energy Celebration hosted by the Ohio Energy Project , Dayton Power and Light and Vectren Energy Delivery of Ohio presented Energy Leadership Scholarships to three high school seniors who have demonstrated leadership in their schools in the area of energy education.
Indianapolis Power & Light Company (IPL), a subsidiary of The AES Corporation (AES), announces a historic milestone has been met as the 671 megawatt Combined-Cycle Gas Turbine (CCGT) natural gas plant reached substantial completion and began commercial operations on Saturday, April 28, 2018. The completion of IPL’s Eagle Valley Generating Station, located in Martinsville, Indiana, ensures a more diverse, reliable and cleaner portfolio of generation for customers. “This is an important investment for our customers and community as the plant will have a lower rate of emissions than the coal units it replaces, and is the most reasonable cost option for our customers,” said Craig Jackson, IPL President and CEO.
Competitive utility AES (AES) stock has a mean target price of $12.94, which implies an estimated upside of more than 10% for the next year. Currently, AES is trading at $11.73.
In this part, we’ll discuss utilities’ total returns. Total returns consider dividend payments and stock appreciation in a particular period. So far, AES (AES) has returned 17% in 2018. AES’s market performance has contributed to its strong total returns during this period.
AES (AES) stock appears to be trading at a premium valuation compared to its historical valuation multiple. On May 7, AES stock was trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) valuation multiple of 8.7x. AES’s five-year historical EV-to-EBITDA multiple is close to 8x.
On May 8, AES stock was trading 3% above its 50-day and 6% above its 200-day moving average levels. The fair premium to both of the support level indicates strength in the stock. AES stock has rallied more than 15% in the last three months and significantly outperformed broader utilities (XLU) (IDU).
AES generates total revenues of $2,740 million in the first quarter, which misses the Zacks Consensus Estimate of $3,446 million by 0.5%.