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Price · 1Y
$14.81
Thesis
AES is a global power company pivoting toward renewables and storage, and it has become a notable signer of large data-center power-purchase agreements that contract new clean capacity directly to hyperscalers. A contracted renewables backlog and utility rate base support a visible growth path, and the data-center demand gives that pipeline a premium customer.
This is the higher-risk way to play data-center power. The model is capital intensive and carries meaningful leverage, so it is sensitive to interest rates, financing conditions, and execution on the build-out. Delivering the backlog on time and on budget — while managing the balance sheet — is the whole thesis.
Catalysts
- New data-center PPA signings and backlog growth
- Renewables and storage project completions
- Asset recycling and balance-sheet deleveraging
- Rate / financing environment for capital-heavy build
Recent events
Material filings, federal awards, and regulatory activity. Impact is scored against market cap.
- Sep 17OtherSEC
AES filed 8-K item 8.01 other events on 2026-09-17.
- Sep 16LeadershipSEC
8-K item 5.02 filing on departure, election or appointment of directors or officers.
- Aug 5OtherSEC
AES filed 8-K (items 1.01, 9.01) disclosing entry into a material definitive agreement.
- Jul 27OtherSEC
8-K filing (Items 4.01, 9.01) reporting change in certifying accountant.
- Jun 16OtherSEC
8-K filing (items 1.01, 2.03, 9.01) reporting entry into material definitive agreement and creation of direct financial obligation.
- Jun 11Securities offeringSEC
Filed 424B2 prospectus supplement for securities offering.
- May 15M&ASEC
DEFM14A definitive proxy filed for special meeting on proposed transaction.