AES Corporation, a leading renewable energy provider, is considering strategic options in light of interest from major infrastructure investors.
Overview of AES Corporation
AES Corporation provides renewable energy to major technology firms such as Microsoft, Google, and Amazon. It owns a large portfolio of wind and solar assets, along with two utility companies in Indiana and Ohio.
Investor Interest
Infrastructure investors, including Brookfield Asset Management and BlackRock, are showing interest in AES. With a potential deal value of around $40 billion, an acquisition of AES could be one of the largest in history.
Stock Movement of AES Corporation
After closing at $11.07 on Tuesday, AES shares surged to $12.55 in premarket trading, marking a gain of over 13%. The company's stock has fallen by 38% over the past year, heightening interest in its strategic direction.
AES Corporation is actively exploring strategic options, positioning itself as a key interest for larger investors in the renewable energy sector.
