AES, AIMCo agree to acquire sPower for $1.58bn

(AES) on Monday reported a loss of $949 million in its fourth quarter. Studies indicate that the stock prices of firms with significant positive earnings surprises show above-average performance, while those with negative surprises have below-average performance. The AES Corporation (NYSE:AES) said it would buy a privately held company that builds utility-scale solar projects, along with Canada's investment fund manager Alberta Investment Management Corp, for $853 million in cash. The Stock now has the market capitalization of $7.86 Billion, P/E (price to earnings ttm) of 63.8 and Weekly volatility of 2.60% and monthly volatility of 2.15% respectively.

On February 27, 2017, The AES Corporation ("AES" or the "Company") issued a press release announcing its financial results for the quarter and year ended December 31, 2016. Muir trimmed his EPS expectations by four cents to $1.10 for 2017 and initiated EPS estimate at $1.25 for year 2018.

Many analysts have provided their estimated foresights on The AES Corporation Earnings, with 9 analysts believing the company would generate an Average Estimate of $0.36.

The power company posted revenue of $3.54 billion in the period. Revenue was reported as $13.59 billion. This is an increase from The AES Corporation's previous quarterly dividend of $0.11. Stock has got OUTPERFORM rating from 4 analysts of Thomson Reuters, 5 analysts given HOLD rating to the stock and 1 given UNDERPERFORM rating. Tocqueville Asset Management L.P. bought a new position in The AES Corporation during the second quarter worth approximately $133,000.

At time of writing this, the stock traded down 5.4 percent.

We expect the guidance revision to be taken negatively by the Street, although it seems that consensus estimates largely reflect more moderate growth through 2019. Finally, RBC Capital Markets lowered The AES Corporation from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $13.00 to $12.00 in a research note on Wednesday, January 4th.

11 analysts projected Price Targets for The AES Corporation. For the quarter ending Jun-17, 3 analysts have a mean sales target of 4,305.38 million whilst for the year ending Dec-17, 10 analysts have a mean target of 14,716.10 million.

AES Corp's market capitalization fell to $7.3 billion today from $7.9 billion on Friday. The stock has a quick ratio of 1.40 and a current ratio of 1.40. The company has Beta Value of 1.14 and ATR value of 0.26.

The AES Corporation Gross Margin percentage stands at 18.5% while its Operating Margin for trailing twelve month is 4.6 percent and Profit margin (ttm) is -0.4 Percent.

  • Salvatore Jensen