AES Corp (AES) Tops Q4 EPS by 2c, Offers Guidance
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AES Announces Intent to Exit Coal by 2025; Reaffirms 7% to 9% Annualized Growth Target Through 2025; Delivers on All 2021 Financial and Strategic Objectives
February 24, 2022 5:00 PM ESTARLINGTON, Va., Feb. 24, 2022 /PRNewswire/ --
Strategic Accomplishments
Signed 5 GW of new renewables PPAs in 2021, surpassing original target of 3 to 4 GW; backlog of new projects is now 9.2 GW Grew pipeline of development projects to 59 GW Increased ownership of AES Andes to 99% from 67% in an accretive transaction, simplifying AES Andes' shareholder base to enable more efficient growth in renewables Fluence completed its IPO and began trading in November 20212021 Financial Highlights
Diluted EPS of ($0.62), compared to $0.06 in 2020, primarily driven by a loss on the... More