The AES Corp (AES) Quote - XNYS | Morningstar

Skip to Content

Is it the right time to buy or sell?

Find out with Morningstar Premium

Is it the right time to buy or sell?

Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

U.S. Government's Bold Solar Outlook Tops Our Forecast but Positive for AES

Strategist Travis Miller

Travis Miller Strategist

Analyst Note

| Travis Miller | Sep 9, 2021

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.

Read Full Analysis

Company Profile

Business Description

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.

Contact

4300 Wilson Boulevard, 11th Floor
Arlington, VA, 22203

T +1 703 522-1315

ahmed.pasha@aes.com

Sector Utilities

Industry Utilities - Diversified

Most Recent Earnings Jun 30, 2021

Fiscal Year End Dec 31, 2021

Stock Type Slow Growth

Employees 21,000

Related

Quarter-End Insights

Clean Energy Provides Growth in Utilities Sector

We expect the incoming Biden administration to speed up investment in renewable energy.

33 Undervalued Stocks

Here are our analysts' top ideas in each sector this quarter.

Susan Dziubinski

Quarter-End Insights

Finally, Some Buying Opportunities in Utilities

Coronavirus had an effect on second-quarter earnings, but utilities' long-term outlook remains strong.

Stock Strategist

5-Star AES Plugs Into Renewable Energy Growth

The global power company's dividend is yielding above 4%.

Charles Fishman

Stock Strategist Industry Reports

3 Things for U.S. Utilities Investors to Watch

Valuation, growth capital expenditure, and renewable energy are top of mind.

Stock Strategist Industry Reports

Looking for Answers in Utilities' Earnings

Usually bland first-quarter earnings reports should offer many insights for 2020 and beyond.

Quarter-End Insights

Utilities: Stock Swoon Opens a Cheap Way to Play Defense Through the Downturn

Finally, some buying opportunities in the sector.

Stock Analyst Update

Buying Opportunity Amid Long-Awaited Utilities Sell-Off

The sector is 7% undervalued based on Morningstar's fair value estimates.

33 Undervalued Stocks for 2020

Here are our analysts' top ideas in each sector for the new year.

Susan Dziubinski

Quarter-End Insights

Utilities: Sky-High Stocks Flying Too Close to the Sun?

Investors should approach these lofty valuations with caution.

Quarter-End Insights

Utilities: Running in Place, but Hurdles Ahead

Utilities continue trading near fair value with only a few high-quality dividend payers trading at attractive prices.

Quarter-End Insights

Utilities: Low Rates Keep the Sector's Lovefest Raging

Only the Fed could break up utilities' M&A party.

Quarter-End Insights

Utilities: Starting to Look Attractive After a Woeful 2015 Start

Utilities' 4% dividend yields still look attractive even with the chance for rising interest rates.

Quarter-End Insights

Utilities: Bloody February Brings Valuations Back In Line

We don't see an end to this atypical volatility until interest rates rise back toward historical norms.

Quarter-End Insights

Utilities: Repeating a Stellar 2014 Performance Will Be Tough

Utilities' 23% total return through mid-December topped all sectors except for M&A-fueled health care.

Quarter-End Insights

Utilities: Roller-Coaster Ride Continues, but Fundamentals Are Strong

Stock price volatility offers opportunities for investors committed to holding utilities for the long run.

Quarter-End Insights

Utilities Power Past Fair Value

Some of the most defensive companies in the utilities sector have performed the best this year and could face a sharp drop if interest rates start to creep up.

Quarter-End Insights

4 Utilities Poised to Power Through for Investors

Interest rate fears have weighed on the sector's absolute performance, but utilities' fundamentals remain strong for the most part.

Quarter-End Insights

Our Outlook for Utilities Stocks

Finally, utilities with good growth and attractive yields are on sale.

Quarter-End Insights

Our Outlook for Utilities Stocks

With interest rates rising, will dividend yields keep utilities afloat?

Transparency is our policy. Learn how it impacts everything we do.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

How we make money

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your personal data

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

Verify your identity, personalize the content you receive, or create and administer your account.
Provide specific products and services to you, such as portfolio management or data aggregation.
Develop and improve features of our offerings.
Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

How we approach editorial content

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

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.

Read our editorial policy to learn more about our process.