AES Corporation (AES)
NYSEUtilitiesDiversified UtilitiesSnapshot 2026-09-04
$14.79+0.07%
Close 2026-09-04 · 1-day change
NYSEUtilitiesDiversified UtilitiesSnapshot 2026-09-04
QuarterlyIQ Insights · AES
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within utilities on a research-validated quality screen. As of 2026-09-04.
The screen ranks AES against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Utilities names rated weak grew net income 58% of the time over the next year (vs 69% for the rest of the cohort, n=1101).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Complete construction and commissioning of 3.2 GW of new renewable energy projects by the end of 2025.
Stated as a priority in 5 of last 5 quarters. Management consistently reaffirmed the goal to add 3.2 GW of new renewable projects in operation in 2025, with 2.9 GW completed by 2025-Q3. This trajectory is delivering as planned toward the year-end target.
“On track to add 3.2 GW of new projects in operation in 2025; 2.9 GW completed year-to-date.”
“On track to add 3.2 GW of new projects in operation in 2025; 1.9 GW already completed.”
“On track to add a total of 3.2 GW to its operating portfolio by year-end 2025.”
“Expecting to complete construction of 3.2 GW of new renewables in 2025.”
“On track to add a total of 3.6 GW of new projects to operations in full year 2024.”
Secure long-term PPAs totaling between 14 and 17 GW over the 2023 to 2025 period to support growth.
Stated as a priority in 5 of last 5 quarters. Management consistently emphasized signing 14-17 GW of PPAs from 2023 to 2025, with a backlog around 11-12 GW. The backlog shows some fluctuation but remains substantial, indicating ongoing progress toward the target.
“On track to sign a total of 14-17 GW for 2023 through 2025; backlog of 11.1 GW.”
Maintain 2025 Adjusted EBITDA guidance range of $2.65 billion to $2.85 billion, targeting 5% to 7% annual growth through 2027.
Reaffirmed in 5 of last 5 quarters. Adjusted EBITDA guidance for 2025 remains at $2.65B to $2.85B with a 5% to 7% growth target through 2027. Quarterly Adjusted EBITDA grew from $681M in 2025-Q2 to $830M in 2025-Q3, indicating progress consistent with guidance.
Continue paying a quarterly dividend of $0.17595 per share to stockholders.
Stated in 5 of last 5 quarters. The quarterly dividend payment has been consistently maintained at $0.17595 per share from 2025-Q1 through 2026-Q2, matching management's commitment to continue this dividend level.
Complete asset sales and divestitures targeting $3.5 billion in proceeds through 2027.
Stated in 3 of last 5 quarters. Management has announced or closed $2.8 billion of the $3.5 billion asset sale proceeds target through 2027 as of 2024-Q4, and achieved $400 to $500 million in asset sales in 2025-Q1. Progress is ongoing but not yet complete.
Over the trailing year it converted 3.17x of net income into operating cash flow. Historically, Utilities names rated robust grew net income 72% of the time over the next year (vs 62% for the rest of the cohort, n=929).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
19 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Utilities names rated volatile grew net income 67% of the time over the next year (vs 66% for the rest of the cohort, n=183).
Not investment advice. As of 2026-09-04.
“PPA backlog of 12 GW, including 5.2 GW under construction.”
“PPA backlog of 11.7 GW, including 5.3 GW under construction.”
“On track to achieve target of signing 14 to 17 GW in 2023 to 2025.”
“PPA backlog of 12.7 GW, including 4.0 GW under construction.”
“Reaffirming 2025 guidance for Adjusted EBITDA of $2,650 to $2,850 million.”
“Reaffirming 2025 guidance for Adjusted EBITDA of $2,650 to $2,850 million.”
“Reaffirming 2025 guidance for Adjusted EBITDA of $2,650 to $2,850 million.”
“Initiating 2025 guidance for Adjusted EBITDA of $2,650 to $2,850 million.”
“Reaffirming 2024 guidance for Adjusted EBITDA of $2,600 to $2,900 million.”
“Dividend per share was $0.17595 and expected to continue.”
“Dividend per share was $0.17595 and expected to continue.”
“Dividend per share was $0.17595 and expected to continue.”
“Dividend per share was $0.17595 and expected to continue.”
“Dividend per share was $0.17595 and expected to continue.”
“Achieved full year 2025 asset sale proceeds target of $400 to $500 million.”
“Announced or closed $2.8 billion of $3.5 billion asset sale proceeds target through 2027.”
“Announced or closed nearly three-quarters of $3.5 billion asset sale proceeds target through 2027.”