The AES Corporation (NYSE: AES) & AIMCo Agrees To Make Top Renewables Platform

The AES Corporation (NYSE: AES) and Alberta Investment Management Corporation (AIMCo) both have agreed to consolidate the sPower with the US clean energy business of AES. The merged renewables platform will integrate the differentiated capacities in solar, wind, and energy storage of AES and sPower to satisfy the requirements of the customers.

sPower which is jointly owned by AES Corporation and AIMCo holds and runs the solar and wind assets greater than 1.5 GW. This merger of sPower with AES clean energy business will offer a wide portfolio of products to customers. The AES Corporation is continuously striving to offer greener energy solutions to its consumers and deliver value to its customers.

The AES Corporation (AES) has seen some recent activity in the market and its shares are trading at $21.40. People are starting to take notice of AES as the shares trading as high as $21.43 and as low as $21.13 at the time the article was written.

The AES Corporation (AES) average trading volume is 5.04M. However, in today’s market session The AES Corporation (AES) exchanged 1,735,899 shares till now. The 1st downside support level on AES is $20.66 and the 1st upside resistance level on AES is $21.92. AES 50 day moving average is $19.77 and AES 200day moving average is $16.38.

The AES Corporation (AES) most recent performance has been shown by the recent movement in AES shares. AES has performed 7.19% over the past month, AES has performed 20.24% over the past 3 months and AES has shown 15.61% over the past 1 year. The AES Corporation (AES) has a 52 week range of $8.11 to $22.32. The AES Corporation (AES) is trading 163.81% from its 52 week low and -4.14% from its 52 week high. The AES Corporation (AES) is showing a 1.94% short float showing the amount short in the float.

AES has 665.00M shares outstanding and 662.71M shares in the float. The AES Corporation (AES) at this time has a market cap of $13.96B and an income of -353.00M. The EPS next quarter for AES is 0.41 and the projected EPS next year is 11.67%. The market cap of The AES Corporation (AES) at $13.96B signifies how many People own shares of AES and is based on the last price ($21.40) of AES and the number of shares outstanding (665.00M) with The AES Corporation (AES).

The AES Corporation (AES) has total cash (mrq) of 1.89B, total cash per share (mrq) of 2.84, the total debt of AES is at 21.35B and total debt/equity (mrq) is 516.48. . The AES Corporation (AES) running cash flow (ttm) is 2.71B, AES leveraged free cash flow (ttm) is 518M.

AES is trading 4.84% above (bullish) its SMA20, 11.07% above (bullish) its SMA50 and 32.87% above (bullish) its SMA200.

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