earnings
confidence high
sentiment positive
materiality 0.75
AES reports FY2021 Adj EPS $1.52 beat guidance; announces coal exit by 2025, reaffirms 7-9% growth target
AES CORP
2021-FY EPS reported
-$0.61
revenue$11,141,000,000
- Adjusted EPS $1.52 vs guidance $1.50-1.58 and $1.44 in 2020; Diluted EPS ($0.62) due to Alto Maipo loss.
- Signed 4,965 MW new renewables PPAs in 2021; backlog 9,239 MW; pipeline 59 GW.
- Announces intent to exit coal by year-end 2025 (from previous <10% by 2025); expects $1B asset sale proceeds 2022-2025.
- Initiates FY2022 Adj EPS guidance $1.55-1.65; reaffirms 7-9% annualized growth through 2025.
- Increased ownership in AES Andes to 99% from 67%; Fluence completed IPO in Nov 2021.