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AES Corp (AES.N)

AES.N on New York Stock Exchange

10.63USD
21 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Romanian Electrica's nine-month profit at 95 mln lei, down 80 pct y/y
Wednesday, 15 Nov 2017 

BUCHAREST, Nov 15 (Reuters) - Romanian state-owned power utility Electrica :Says recorded a nine-month net profit of 95 million lei ($24.17 million), down roughly 80 percent from the same period of last year, because of higher prices for purchased electricity..Says the average electricity purchase price in the third quarter was 67 percent higher compared with the same quarter of 2016..Says power markett discrepancies in the first two quarters negatively impacted the group, with most of its profit achieved in the third quarter..Says its operational income stood at 4.17 billion lei in January-September, 0.5 percent lower on the year..Says it distributed roughly 13 TWh of electricity in the first nine months, up 2.8 percent on the year, to 3.69 million clients. It also provided 7.4 TWh of power, a different service, down 8.7 percent on the year..  Full Article

AES reports Q3 adjusted profit of $0.24/shr
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - AES Corp :AES reports third quarter 2017 financial results; reaffirms 2017 guidance and long-term expectations.Q3 adjusted non-GAAP earnings per share $0.24.Q3 earnings per share $0.23 from continuing operations.Q3 earnings per share $0.23.Q3 earnings per share view $0.29 -- Thomson Reuters I/B/E/S.AES Corp - ‍ on track to achieve $400 million in annual cost savings and revenue enhancements by year-end 2020​.AES Corp - ‍reaffirming 2017 guidance and average annual growth of 8 percent to 10 percent in adjusted EPS and consolidated free cash flow through 2020​.AES Corp - ‍results were adversely affected by a higher quarterly tax rate and recent hurricanes in Caribbean​.AES Corp - ‍upsizing asset sales target in order to accelerate strategy and now expect to realize $2 billion of proceeds from 2018 to 2020​.AES Corp - ‍on a full year 2017 basis, continues to expect a $0.03 to $0.05 impact of recent hurricanes in Caribbean .Sees FY 2017 adjusted earnings per share $0.03 to $0.05​.FY 2017 earnings per share view $1.02, revenue view $14.13 billion -- Thomson Reuters I/B/E/S.AES Corp - qtrly total revenue $3,632 million versus $3,542 mln‍​.Q3 revenue view $3.66 billion -- Thomson Reuters I/B/E/S.  Full Article

SUNPOWER SAYS UNIT OF AES CORP TO DEVELOP POWER PLANT PLAFTORM IN HAWAII
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - SunPower Corp ::SUNPOWER CORP - UNIT OF AES CORP ANNOUNCED THAT SUNPOWER OASIS POWER PLANT PLATFORM IS UNDER DEVELOPMENT BY AES DE ON HAWAIIAN ISLAND OF KAUA‛I​.SUNPOWER CORP - ‍UNIT OF AES CORP TO CONSTRUCT 28-MEGAWATT SUNPOWER OASIS SYSTEM AT SITE & 20-MEGAWATT FIVE-HOUR DURATION ENERGY STORAGE SYSTEM​.SUNPOWER CORP - ‍UNIT OF AES CORP WILL BE LONG-TERM OWNER & OPERATOR OF PROJECT, WHICH IS EXPECTED TO BE OPERATIONAL BY END OF 2018​.  Full Article

AES Corp sees recent hurricanes to hurt FY 2017 adj EPS by $0.03 to $0.05
Monday, 9 Oct 2017 

Oct 9 (Reuters) - AES Corp :sees FY 2017 adjusted earnings per share in lower half of $1.00 to $1.10 range .Aes provides an update on operations in puerto rico and the u.s. Virgin islands, following recent hurricanes.‍sees potential adjusted eps impact from recent hurricanes of $0.03 to $0.05 per share for 2017​.‍sustained modest damage to 24 mw illumina solar plant,minor damage to 524 mw aes puerto rico coal-fired plant, both located in puerto rico​.Reaffirms 2017 guidance for all metrics, but now expects adjusted eps to be in lower half of $1.00 to $1.10 range following recent hurricanes​.‍company's 2017 guidance for consolidated free cash flow is $1,400 to $2,000 million and operating cash flow is $2,000 million to $2,800 million​.‍company's 5 mw usvi solar i solar plant in U.S. Virgin islands has been materially damaged following hurricanes Irma and Maria​.  Full Article

AES provides details on financing for sPower deal
Friday, 24 Feb 2017 

Aes Corp :Aes corp-portion of deal to be funded with $90 million of subordinated debt to spower,remaining amount to be funded with equity from aes, aimco in equal proportion.  Full Article

AES Q2 loss per share $0.16 from continuing operations
Friday, 5 Aug 2016 

AES Corp : Q2 loss per share $0.16 from continuing operations . Q2 adjusted non-gaap earnings per share $0.17 . Q2 earnings per share view $0.16 -- Thomson Reuters I/B/E/S . Reports consolidated net cash provided by operating activities of $723 million and proportional free cash flow of $417 million . Reaffirms FY 2016 adjusted earnings per share view $0.95 to $1.05 .Reaffirming 2016 guidance and 2017-2018 expectations.  Full Article

AES announces agreement to sell AES Sul in Brazil
Thursday, 16 Jun 2016 

AES Corp : AES announces agreement to sell AES Sul in Brazil . Entered into an agreement to sell its 100% equity interest in AES Sul, one of its utilities in brazil, to CPFL Energia S.A . Deal for BRL1,698 million (equivalent to $464 million at expected BRL/USD conversion rate of 3.66 at time of closing) . Sale was previously included in company's 2016 guidance and 2017-2018 expectations .Transaction will remove a total of $335 million in non-recourse debt on AES' balance sheet as of March 31, 2016.  Full Article

AES announces pricing of $500 million of senior notes in public offering
Thursday, 12 May 2016 

AES Corp : Says has priced $500 million aggregate principal amount of 6.00% senior notes due 2026 .AES announces pricing of $500 million of senior notes in public offering.  Full Article

AES announces pricing of $500 million of senior notes in public offering
Wednesday, 11 May 2016 

AES Corp : Says has priced $500 million aggregate principal amount of 6.00% senior notes due 2026 .AES announces pricing of $500 million of senior notes in public offering.  Full Article

AES reports Q1 earnings of $0.19 per share
Monday, 9 May 2016 

AES Corp : Reaffirming 2016 guidance and 2017-2018 expectations . Qtrly total revenue $3.47 billion versus $3.98 billion . Q1 earnings per share view $0.20, revenue view $3.84 billion -- Thomson Reuters I/B/E/S . Says co currently has 5,945 Mw of capacity under construction and expected to come on line through first half of 2019 . AES reports first quarter 2016 proportional free cash flow of $253 million and adjusted earnings per share of $0.13 . Reaffirms fy 2016 adjusted earnings per share view $0.95 to $1.05 . Q1 earnings per share $0.19 from continuing operations . Q1 earnings per share view $0.20 -- Thomson Reuters I/B/E/S . Q1 adjusted non-gaap earnings per share $0.13 .Q1 earnings per share $0.19.  Full Article

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Vietnam, U.S. firms sign MoUs during Trump's visit

Vietnamese and U.S. companies on Sunday signed memorandums of understanding on gas development, automobiles, as well as aircraft engine purchase and support during U.S. President Donald Trump's visit to Vietnam.