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Stock Market & Financial Investment News

News Breaks
June 25, 2014
16:32 EDTAESAES Corp. sells minority stake in Masinloc Power Plant to EGCO Group
The AES Corporation announced that it has entered into an agreement to sell 45% of its interest in Masin-AES Pte Ltd, a wholly-owned subsidiary of AES that owns AESí business interests in the Philippines, to Electricity Generating Public Company Limited, a Thailand-based Independent Power Producer, for $453M. The sale includes indirect stakes in the following: the 630 MW Masinloc coal-fired power plant in operation since 1998; expansion of the existing Masinloc facility; and approximately 60 MW of potential energy storage projects in advanced development. After the sale, AES will own a 51% net stake in Masinloc, EGCO Group will own 41%, and the International Finance Corporation will retain 8%. AES will continue to manage and operate the plant. AES and EGCO Group have agreed to use the Masinloc platform as their exclusive vehicle for growth in the Philippines.
News For AES From The Last 14 Days
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May 14, 2015
13:37 EDTAESAES Corp. sees average annual EPS growth 5% through 2018
AES Corp. in investor presentation slides guided 2015-2015 average earnings per share growth of around 5%. AES sees 10%-15% annual free cash flow growth during the same period. The company expects 6%-8% EPS growth in 2017-2018.
May 13, 2015
09:21 EDTAESOn The Fly: Pre-market Movers
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08:14 EDTAESAES Corp. 60M share Spot Secondary priced at $13.25
Morgan Stanley acted as sole book running manager for the offering.
May 12, 2015
16:53 EDTAESAES Corp. files to sell 60M shares of common stock for holders
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May 11, 2015
06:12 EDTAESAES Corp. achieves commercial operation of 1,240 MW Mong Duong 2 plant
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06:05 EDTAESAES Corp. reports it has brought on-line 1,312 MW of new projects
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06:04 EDTAESAES Corp. sees FY15 adjusted EPS $1.25-$1.35, consensus $1.27
Sees FY15 proportional free cash flow $1B-$1.35B. Sees FY15 consolidated net cash provided by operating activities $1.9B-$2.7B.
06:04 EDTAESAES Corp. reports Q1 adjusted EPS 25c, consensus 25c
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