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The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market. It uses various fuels and technologies to generate electricity, such as coal, gas, hydro, wind, solar, and biomass, as well as renewables comprising energy storage and landfill gas. The company owns and/or operates a generation portfolio of approximately 34,596 megawatts and distributes power to 2.6 million customers. The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000. The AES Corporation was incorporated in 1981 and is headquartered in Arlington, Virginia.
Renewable Ambitions | AES aims to add 25-30 GW of renewable energy capacity by 2027, positioning itself as a leader in the clean energy transition amid execution challenges |
Financial Crossroads | AES faces a $1.5 billion funding gap, considering asset sales and equity issuance to support its ambitious renewable energy expansion plans |
Market Positioning | Explore AES's strategic diversification across energy sectors and international markets, balancing opportunities with fierce competition in renewables |
Analyst Perspectives | Price targets range from $17 to $23, reflecting mixed views on AES's ability to navigate its transformation and capitalize on renewable energy trends |
Metrics to compare | AES | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipAESPeersSector | |
---|---|---|---|---|
P/E Ratio | 8.2x | 15.3x | 11.9x | |
PEG Ratio | 0.03 | 0.24 | 0.02 | |
Price/Book | 2.6x | 1.6x | 1.3x | |
Price / LTM Sales | 0.7x | 2.8x | 1.5x | |
Upside (Analyst Target) | 43.8% | 37.8% | 20.4% | |
Fair Value Upside | Unlock | 1.3% | 2.2% | Unlock |