AES Corp (AES) Tops Q4 EPS by 2c, Revenues Miss; Introduces FY20 EPS Guidance

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Go back to AES Corp (AES) Tops Q4 EPS by 2c, Revenues Miss; Introduces FY20 EPS Guidance

AES Achieves 2019 Strategic and Financial Goals by Accelerating a Greener Energy Future

February 28, 2020 6:00 AM EST

Reaffirms 7% to 9% average annual growth target through 2022
Announces a target to reduce coal-fired generation to below 30% by year-end 2020 and to less than 10% by year-end 2030

2019 Strategic Accomplishments

Upgraded to an investment grade credit rating by Fitch Signed 2.8 GW of new PPAs for renewables in 2019, bringing backlog to 6.1 GW Maintained global leadership in energy storage, with Fluence reaching 1.1 GW of projects delivered or awarded in 2019 Signed contracts to expand LNG import terminal in the Dominican Republic by 50 TBTU Received approval to develop a 2.2 GW combined cycle... More