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home / news releases / AES - AES reports Q4 mixed earnings; initiates FY 2023 guidance

AES - AES reports Q4 mixed earnings; initiates FY 2023 guidance

The AES Corporation
  • AES press release ( NYSE: AES ): Q4 GAAP EPS of -$1.35 misses by $1.78 .
  • Revenue of $3.06B (+10.5% Y/Y) beats by $1.48B .
  • Outlook: Targeting signing a total of 14 to 17 GW of new long-term renewables PPAs through 2025.
  • Expecting to complete 3.4 GW of new renewable energy projects in 2023, including 2.1 GW in the United States
  • Initiating 2023 guidance for Adjusted EPS of $1.65 to $1.75, vs. consensus of $1.73 which includes the financial impact of 0.6 GW of new US renewable projects coming online in 2024, instead of 2023.
  • Reaffirming 7% to 9% annualized growth target through 2025, off a base year of 2020.

For further details see:

AES reports Q4 mixed earnings; initiates FY 2023 guidance
Stock Information
Company Name: The AES Corporation
Stock Symbol: AES
Market: NYSE
Website: aes.com
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