other material
confidence high
sentiment positive
materiality 0.75
AES targets tripling renewables capacity by 2027, sets EPS growth target of 6-8%
AES CORP
- Plans to add 25-30 GW of solar, wind and energy storage through 2027, tripling renewables capacity.
- Initiates Adjusted EPS growth target of 6-8% annualized through 2027 from 2023 base of $1.65-$1.75.
- Initiates 2023 Adjusted EBITDA guidance of $2,600-$2,900M; overall growth target 3-5% through 2027.
- Reaffirms 4-6% annual dividend growth target; aims to fully exit coal by year-end 2025.
- Excluding Energy Infrastructure SBU, Adjusted EBITDA growth target of 17-20% through 2027.