DTP - AES Corporation: Growing Presence In Renewables But Debt Is Extremely High
- AES Corporation is one of the few utilities that operates in multiple nations, which gives it a great amount of diversity.
- The company has most of its operating profits coming from long-term PPAs, providing relatively stable financial performance.
- The company has been very aggressive about retiring its coal plants and replacing them with renewables.
- AES appears to be delivering fairly strong earnings and FCF growth for a utility company.
- The company's debt is extremely high compared to its peers so risk-averse investors may want to look elsewhere.
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AES Corporation: Growing Presence In Renewables But Debt Is Extremely High