AES acquires Community Energy Solar, adds 10 GW of renewable projects to growth pipeline

  • AES (NYSE: AES ) acquires solar developer Community Energy Solar, adding 10 GW of renewable projects to its growth pipeline.
  • AES signed PPAs to deliver 4 GW of renewables in the US this year and the acquisition will bolster its future expansion efforts.
  • Terms of the deal were not disclosed.
  • AES ' US renewables portfolio now includes 4.4 GW of operating assets and 5.7 GW of signed PPAs.

    Over the current book year the total revenue will be 10.58 billion USD (consensus estimates). This is slightly more than 2021's revenue of 9.66 billion USD.

    Historical revenues and results AES plus estimates 2021

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    The analysts expect for 2021 a net profit of 1.05 billion USD. According to most of the analysts the company will have a profit per share for this book year of 1.53 USD. Based on this the price/earnings-ratio is 15.52.

    Per share the analysts are expecting a dividend of 61 cents per share. Thus the dividend yield equals 2.57 percent. The average dividend yield of the energy companies is an attractive 2.96 percent.

    AES 's market value equals around 15.76 billion . 4

    On Tuesday the stock closed at 23.74 USD.

    Historical stock prices AES2007-2021

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