Published on 3 May 2024 on GuruFocus.com via Yahoo Finance
Robust growth in net income attributable to The AES Corporation, with a significant increase from $151 million in Q1 2023 to $432 million in Q1 2024.Strong performance in renewable energy sector with 593 MW of new wind, solar, and energy storage completed since Q4 2023.Challenges in regulated revenue with a decrease from $952 million in Q1 2023 to $853 million in Q1 2024.Opportunities for expansion in the renewable energy market with a backlog of 12.7 GW, including 5.8 GW under construction.
Warning! GuruFocus has detected 9 Warning Signs with AES.