By Katherine Hamilton
AES shares rose after its adjusted earnings beat Wall Street's expectations for the fourth quarter and 2025 estimates.
The stock increased 8% to $11.19. It is still down about 14% over the past three months.
The Arlington, Va., energy company posted a profit of $560 million, or 79 cents a share, for the three months ended Dec. 31, compared with a loss of $94 million, or 15 cents a share, the prior year.
Adjusted earnings were 54 cents a share, ahead of the 35 cents analysts were expecting, according to FactSet.
In 2025, AES expects to make $2.10 to $2.26 in adjusted earnings per share, ahead of Wall Street's expected $2.03 a share. It reaffirmed its target of 7% to 9% in adjusted earnings per share annualized growth through 2027.
Revenue fell 0.2% to $2.10 billion, behind the $2.96 billion analysts polled by FactSet expected.
Chief Executive Andres Gluski said there is strong demand due to a rising need for artificial-intelligence data centers and new manufacturing plants. "We are well-placed to meet their demand for the shortest time to power," Gluski said.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
February 28, 2025 10:26 ET (15:26 GMT)
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