AES subsidiary IPL buys Indiana solar project

  • AES . (NYSE: AES ) subsidiary Indianapolis Power & Light agrees to acquire a 195 MW solar project planned for Clinton County, Ind., for an undisclosed sum.
  • AES says the facility will generate enough electricity to power more than 30K homes.
  • Construction on the project is expected to begin in fall 2021 and reach commercial operation in 2023.
  • AES has a strong backlog of projects, and management forecasts high single-digit annual EPS growth over the next two years, Gen Alpha writes in a bullish analysis posted on Seeking Alpha.

    Fundamentals AES

    Over the current book year the total revenue from the company in Arlington will be 9.99 billion USD (consensus estimates). This is slightly lower than 2019's revenue of 10.19 billion USD.

    Historical revenues and results AES plus estimates 2020

    fundamantele data

    The analysts expect for 2020 a net profit of 989 million USD. According to most of the analysts the company will have a profit per share for this book year of 1.4 USD. So the price/earnings-ratio equals 19.77.

    Per share the analysts anticipate on a dividend of 58 cents per share. The dividend yield is then 2.1 percent. The average dividend yield of the energy companies equals a poor 0.76 percent.

    AES 's market capitalization is based on the number of outstanding shares around 18.33 billion USD. The AES stock was the past 12 months quite volatile. Since last February the stock is even 39 percent higher. This year the stock price moved between 8 and 29 dollar.

    Historical stock prices AES from 2007 till 2020

    equity research aes

    Click here for dividend AES. At 16.24 the stock trades 0.81 percent lower at 27.68 USD.

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