24/7 Market News Snapshot 28 February, 2025 – AES Corporation (NYSE:AES)

February 28, 2025

DENVER, Colo., 28 February, 2025 (247marketnews.com) – (NYSE:AES) are discussed in this article.
The AES Corporation has experienced remarkable market activity, with its stock opening today at $11.05 and climbing to $11.675, marking a rise of approximately 12.48% from the previous close of $10.38. This increase, evidenced by a trading volume of 28.36 million shares, reflects heightened investor interest and confidence in the company’s performance. Technical indicators suggest bullish momentum as the price breaches key resistance levels, indicating a potential shift in market sentiment that could pave the way for further gains. Investors are advised to track possible support levels and volume trends as well as remain aware of overarching market conditions.

In its financial performance report for the year ending December 31, 2024, AES has announced significant growth, bouncing back with a net income of $698 million compared to a net loss of $182 million in 2023. Reflecting this recovery, the attributable net income increased dramatically to $1,686 million, providing a diluted earnings per share of $2.37, up from $0.34 the prior year.

This success is underscored by the signing of 6.8 GW of new contracts, particularly long-term Power Purchase Agreements focused on renewable energy initiatives and data center expansion. AES has been recognized as the leading provider of clean energy solutions to corporations for the third consecutive year by BloombergNEF, solidifying its market position.

Operational achievements include the completion of 3.0 GW of renewable projects and the addition of a new 670 MW combined cycle gas facility. Furthermore, a strategic partnership resulting in a 30% stake sale in AES Ohio to a Canadian investment firm adds to its growth trajectory. With a PPA backlog totaling 11.9 GW, AES is well-positioned to meet the rising demand for innovative energy solutions, including those catering to AI data centers and advanced manufacturing.

Looking ahead, AES has provided guidance for Adjusted EBITDA in the range of $2,650 to $2,850 million and reaffirmed its annualized growth target of 5% to 7% through 2027, highlighting its commitment to both operational excellence and sustainable energy solutions.

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