Analysis: The AES Corporation

US:AES

Why is The AES Corporation stock rising?

  • New powered-land data-center DTA creates a site-plus-PPA product for future hyperscaler deals.
  • AES Indiana expects to announce new data-center agreements in the next couple of months; IRP scenarios range from 520 MW to 2.5 GW, with likely deals around 1.5-2.5 GW.
  • AES Ohio will file its next rate review using forward-looking test years 2027-2029, following a pending settlement that adds $168 million of annual revenue.
  • AES Indiana's 1.2 GW coal-to-gas repowering project is scheduled to become operational in 2026.
  • AES expects to complete 4.8 GW of backlog projects under construction through 2027, adding contracted renewable and storage capacity.

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