1-Star Price
PREMIUM
5-Star Price
PREMIUM
Economic Moat
PREMIUM
Capital Allocation
PREMIUM
We are reaffirming our $25 per share fair value estimate for AES after the U.S. Department of Energy and President Joe Biden announced ambitious long-term solar energy targets. For AES, solar investments are a key part of our 8% average annual EPS growth rate estimate from 2020 to 2025, in line with management's 7%-9% growth target. Increased policy support for solar, including subsidies, could accelerate growth beyond 2025.
AES is a global power company with businesses in 14 countries. It has a portfolio of more than 100 power plants and wind and solar farms. Its current construction program will increase its net generating capacity to over 35 gigawatts. AES also has majority ownership and operates six electric utilities distributing power to 2.4 million customers in the U.S. and El Salvador. AES is one of the world leaders in utility-scale energy storage in its Fluence joint venture with Siemens.
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To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
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