AES Announces Pricing of $500 Million Fixed-to-Fixed Reset Rate Junior Subordinated Notes in Public Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 04 2024
0mins
Should l Buy AES?
Source: Newsfilter
AES Corporation Announces Note Offering: AES Corporation has priced a $500 million offering of 6.950% junior subordinated notes due in 2055, with proceeds intended for repaying existing debt and general corporate purposes.
Details of the Offering: The closing of the note offering is expected on December 6, 2024, with J.P. Morgan Securities, Wells Fargo Securities, Morgan Stanley, and Credit Agricole acting as joint book-running managers.
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Analyst Views on AES
Wall Street analysts forecast AES stock price to rise
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 16.200
Low
15.00
Averages
18.25
High
24.00
Current: 16.200
Low
15.00
Averages
18.25
High
24.00
About AES
The AES Corporation is an energy company. The Company operates in four segments: Renewables, Utilities, Energy Infrastructure, and New Energy Technologies. The Renewables segment include solar, wind, energy storage, and hydro generation facilities. The Utilities segment includes AES Indiana, AES Ohio, and AES El Salvador regulated utilities and their generation facilities. The Energy Infrastructure segment includes natural gas, liquefied natural gas (LNG), coal, pet coke, diesel, and oil generation facilities, and its businesses in Chile, which have a mix of generation sources, including renewables. The New Energy Technologies segment includes investments in Fluence, Uplight, Maximo and other initiatives. It has two lines of business: Generation, which owns and/or operates power plants to generate and sell power to customers and Utilities that own and/or operate utilities to generate or purchase, distribute, transmit and sell electricity to end-user customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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