Renova Energia CFO out after Light divestiture, failure to sell Brazil wind farms [Reuters]
The AES Corporation (AES)
Last the aes corporation earnings: 2/28 06:00 am
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Source: Reuters
Renova Energia CFO out after Light divestiture, failure to sell Brazil wind farms - Reuters 3 Min Read SAO PAULO (Reuters) - The CFO of Brazilian renewable energy firm Renova Energia SA ( RNEW11.SA ) resigned and a key shareholder gave up its stake after failed talks to sell heavily indebted wind farm projects. Renova Chief Executive Officer Cristiano CorrASa de Barros will temporarily assume the responsibilities of outgoing Chief Financial Officer Claudio Ribeiro, the company said on Monday. Separately on Monday, Renova shareholder Light SA ( LIGT3.SA ) said it had sold its 17.17% stake in the firm to an investment fund for a symbolic value of 1 real. The exits of Light and Ribeiro follow years of unsuccessful talks to sell Renova’s wind farm projects, which have racked up debt and raised concerns about their timely completion. Negotiations to sell the projects to AES Tiete Energia SA ( TIET11.SA ), a subsidiary of AES Corp ( AES.N ), broke down last week after six months of
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AES
News
- The AES Co. (NYSE: AES) is now covered by analysts at Mizuho. They set a "buy" rating and a $21.00 price target on the stock.MarketBeat
- United States Power Ancillary Service Markets, 2018-2023 and 2024-2028: Increasing Role of AI and Advanced Analytics, Decentralization and Distributed Energy Resources Integration [Yahoo! Finance]Yahoo! Finance
- AES: A Value Play With An Upside [Seeking Alpha]Seeking Alpha
- The AES Co. (NYSE: AES) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $22.00 price target on the stock.MarketBeat
- Buy-rated and sell-rated stocks within the Utilities sector - Citi [Seeking Alpha]Seeking Alpha
AES
Earnings
- 2/26/24 - Beat
AES
Sec Filings
- 4/15/24 - Form 4
- 4/10/24 - Form SC
- 3/14/24 - Form ARS
- AES's page on the SEC website