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Stock impact report

AES take-private frees it to power 'lumpy' data center demand [Yahoo! Finance]

Fluence Energy, Inc. (FLNC) 
Company Research Source: Yahoo! Finance
To pull it off, the company has decided it must give up its spot on the NYSE. A consortium of investors, including Swedish PE firm EQT , BlackRock's Global Infrastructure Partners Calpers and the Qatar Investment Authority , agreed to take AES private Monday in an all-cash transaction. The investor group plans to acquire Arlington, VA.-based AES at $15 per share, representing a total equity value of $10.7 billion and an enterprise valuation of $33.4 billion, including assumed debt. AES is a global power and utilities company that owns and operates 152 power generation facilities and six utility companies. Over the past five years, the company's average project size has grown by more than 50%, driven by demand for power from new data centers, according to the company's most recent earnings report. Since its inception, the company has signed power purchase agreements with data center providers that require it to produce around 8.2 gigawatts' worth of power now and in the futur Show less Read more
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