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AES (AES)

The AES Corporation is a Fortune 500 company that generates and distributes electrical power. AES is headquartered in Arlington, Virginia, and is one of the world's leading power companies, generating and distributing electric power in 15 countries and employing 10,500 people worldwide. The company was founded on January 28, 1981, as Applied Energy Services by Roger Sant and Dennis Bakke, two appointees of the Federal Energy Administration under president Richard Nixon. The company was initially a consulting firm; it became AES Corporation, which went public in 1991. Sant was chairman, CEO, and president and Bakke was executive vice president until assuming the position of president in 1987. Bakke would later become the company's CEO in 1994, serving for 8 years until his resignation in 2002, in the midst of a liquidity crisis that followed the collapse of the energy giant Enron. Sant remained as executive chairman until 2003 and as a member of the board until 2006. Paul Hanrahan was appointed President and CEO and served for 10 years, overseeing the stabilization of the company. Until the early 2000’s the company followed self management delegating much responsibility to ordinary employees. In 2012, Hanrahan resigned, his position as President and CEO of the company succeeded by Andres Gluski. As CEO, Gluski has implemented a strategy of reducing the number of countries in which AES does business, from 28 to 16, for the purpose of consolidating operations and reducing costs. Additionally, he also began a program of reducing the company's total carbon emission intensity.

Company profile

Ticker
AES, AESC
Exchange
Website
CEO
Andres Gluski
Employees
Incorporated
Location
Fiscal year end
Former names
AES CORPORATION
SEC CIK
Subsidiaries
12963 Main Solar 1, LLC • 241 Knapp Road Solar, LLC • 241 Knapp Solar 2, LLC • 25 Ashdown Road Solar, LLC • 52RS 8me LLC • 61LK 8me, LLC • 65HK 8me LLC • 67RK 8me LLC • 87RL 8ME LLC • Aberdeen Solar LLC ...
IRS number
541163725

AES stock data

Analyst ratings and price targets

Last 3 months

Calendar

4 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.65B 1.65B 1.65B 1.65B 1.65B 1.65B
Cash burn (monthly) (no burn) 31.25M 17.67M 61.67M (no burn) (no burn)
Cash used (since last report) n/a 45.27M 25.59M 89.33M n/a n/a
Cash remaining n/a 1.61B 1.63B 1.56B n/a n/a
Runway (months of cash) n/a 51.4 92.0 25.3 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jun 22 Miller James H Common Stock Sell Dispose S No No 21.6843 19,280 418.07K 0
1 Jun 22 Miller James H Common Stock Option exercise Acquire M No No 14.26 19,280 274.93K 19,280
1 Jun 22 Miller James H Stock Option Common Stock Option exercise Dispose M No No 14.26 19,280 274.93K 0
21 Apr 22 Davidson Janet Units Common Stock Grant Acquire A No No 23.01 9,344 215.01K 48,480
21 Apr 22 Maura Shaughnessy Units Common Stock Grant Acquire A No No 23.01 11,951 274.99K 20,930
21 Apr 22 Sebastian Teresa Mosley Deferred Units Common Stock Grant Acquire A No No 23.01 7,605 174.99K 16,250
21 Apr 22 Naim Moises Units Common Stock Grant Acquire A No No 23.01 11,951 274.99K 168,506
93.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 595 602 -1.2%
Opened positions 80 95 -15.8%
Closed positions 87 76 +14.5%
Increased positions 233 212 +9.9%
Reduced positions 187 211 -11.4%
13F shares Current Prev Q Change
Total value 16B 14.99B +6.8%
Total shares 622.29M 617.06M +0.8%
Total puts 662.6K 1.83M -63.8%
Total calls 5.83M 3.59M +62.4%
Total put/call ratio 0.1 0.5 -77.7%
Largest owners Shares Value Change
Vanguard 83.79M $2.16B +1.6%
Capital World Investors 64.89M $1.67B +16.3%
Capital International Investors 59.14M $1.52B -15.5%
BLK Blackrock 42.66M $1.1B +2.0%
STT State Street 33.32M $857.44M +0.3%
FMR 32.49M $836.04M +19.7%
Orbis Allan Gray 17M $437.32M +19.0%
AMP Ameriprise Financial 15.95M $410.31M +6.2%
Geode Capital Management 12.55M $322.19M +3.0%
BK Bank Of New York Mellon 11.93M $306.89M +0.4%
Largest transactions Shares Bought/sold Change
Capital International Investors 59.14M -10.84M -15.5%
Capital World Investors 64.89M +9.07M +16.3%
TROW T. Rowe Price 935.3K -7.29M -88.6%
Third Point 0 -5.75M EXIT
FMR 32.49M +5.34M +19.7%
Agf Investments 5.76M +2.76M +92.1%
Orbis Allan Gray 17M +2.71M +19.0%
MS Morgan Stanley 6.51M +2.4M +58.6%
Pictet Asset Management 7.11M +2.39M +50.5%
Owl Creek Asset Management 2.29M +2.29M NEW

Financial report summary

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Competition
Tyme
Management Discussion
  • Consolidated Revenue — Revenue increased $1.5 billion, or 15%, in 2021 compared to 2020, driven by:
  • •$295 million in Eurasia mainly driven by higher energy prices and generation in Bulgaria and higher generation in Vietnam.
  • •$30 million in Eurasia mainly driven by higher energy prices and generation in Bulgaria and improved operational performance in Vietnam.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: Agua, Amman, annul, Annulment, begun, block, blocked, chemical, Clara, Consortium, Council, Director, disintegrated, Dominicana, DR, driver, East, emerged, flat, Gilbert, Golfo, Guayama, Henry, Hub, inflationary, insignificant, LP, Marine, membership, Navy, nullity, NYMEX, pendency, prejudice, prepublication, proclamation, PSC, Resilience, storm, TEG, TEP, Termoelectrica, Territory, Tunica, UFLPA, Uyghur, VIE, waived, waiving, Windpower, Windsor, withholding
Removed: AHB, Ambiente, book, closed, designated, discharged, Formulation, governing, hydropower, impacting, infiltration, interpretation, leased, Medio, Merida, multilateral, OPGC, penalty, persist, pursue, pursuing, RCA, relation, removed, Superintendencia, tunnel

Patents

Utility
Virtual reservoir storing energy for a hydroelectric power plant
20 Jul 21
A load management system for a hydroelectric power plant, includes a power generator configured to generate electrical energy from a flow of water for supplying a power grid, a virtual reservoir configured to store the generated electrical energy and dispatch the stored electrical energy to the power grid; a plurality of circuit breakers that connect an output of the power generator to the power grid and to the virtual reservoir; and a control unit configured to control operating states of the plurality of circuit breakers so that the generated electrical energy is stored at the virtual reservoir and at least one of the generated electrical energy or the stored electrical energy is provided to the power grid.
Utility
Virtual Reservoir Storing Energy for a Hydroelectric Power Plant
8 Apr 21
A load management system for a hydroelectric power plant, includes a power generator configured to generate electrical energy from a flow of water for supplying a power grid, a virtual reservoir configured to store the generated electrical energy and dispatch the stored electrical energy to the power grid; a plurality of circuit breakers that connect an output of the power generator to the power grid and to the virtual reservoir; and a control unit configured to control operating states of the plurality of circuit breakers so that the generated electrical energy is stored at the virtual reservoir and at least one of the generated electrical energy or the stored electrical energy is provided to the power grid.
Utility
Tree Trimming with Drone
25 Nov 20
The present invention relates to a cutting device (1) for fitting on an unmanned aerial vehicle (10) for the high-level pruning of vegetation in areas close to power distribution lines, which comprises at least one system for attachment (200) to the aerial vehicle (10) having a central beam (230), at least four arms (210) having connection points (12) to rods of the unmanned aerial vehicle, oriented toward motors of the aerial vehicle (10) for attachment to the aerial vehicle and a system for releasing (220) at least one cutting tool (300) whilst in use, and at least one cutting tool (300), made up of a plurality of saws each driven by a motor (310), a cutting rod (330) for attaching the plurality of saws and an automatic leveling system (320) for the cutting rod (330), which maintains said rod (330) in a horizontal position during the cutting process.