AES Shares Rise on Adjusted Earnings Beat

Dow Jones
Feb 28
 

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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