secwatch.observer — SEC 8-K summary
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Issuer:     AES CORP (AES)
CIK:        0000874761
Form:       8-K/A
Filed at:   2022-02-25T23:59:59+00:00
Accession:  0000874761-22-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AES reports FY2021 Adj EPS $1.52, meets guidance; announces coal exit by 2025, reaffirms 7-9% growth
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- FY2021 Adjusted EPS $1.52 (guidance $1.50-$1.58); Diluted EPS ($0.62) driven by Alto Maipo deconsolidation.
- Announces intent to exit coal generation by end of 2025, accelerating from prior <10% target.
- Signed 5 GW new renewables PPAs in 2021; backlog 9.2 GW, pipeline 59 GW.
- Initiates 2022 Adj EPS guidance $1.55-$1.65; reaffirms 7-9% annualized growth target through 2025.
- Expects $1B in asset sale proceeds 2022-2025; 2022 proceeds $500-700M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874761/000087476122000012/0000874761-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874761/000087476122000012/aes-20220224.htm
  HTML page:      https://secwatch.observer/filing/0000874761-22-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer