UPDATE 2-Brazil regulator blocks sale of wind complex by Renova to AES Tietê [Reuters]
The AES Corporation (AES)
Last the aes corporation earnings: 2/28 06:00 am
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Source: Reuters
Brazil regulator blocks sale of wind complex by Renova to AES Tietê - Reuters 2 Min Read SAO PAULO (Reuters) - Brazil’s power sector regulator ANEEL rejected on Tuesday the proposed transfer of wind power complex Alto Sertao III from Renova Energia SA to AES Tietê, a 1.34-billion real ($346.73 million) deal closed in April. In a meeting of its board on Tuesday, ANEEL directors said the companies failed to show possible gains for the consumer or guarantees for the conclusion of the project. Renova and AES Tietê were also seeking from ANEEL suspension of some fines related to delays in the complex’s completion. In a securities filing, Renova Energia said the regulator’s decision only applies to windmills that already had future contracts to sell the energy. Windmills that did not have this contract could still be sold, Renova said. AES Tietê, which is part of U.S. energy firm AES Corp, said that the 350 million reais phase A of the project, with an installed capacity of 438 MW, was not
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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