UPDATE 2-Brazil regulator blocks sale of wind complex by Renova to AES Tietê [Reuters]

The AES Corporation (AES)
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Source: Reuters
Brazil regulator blocks sale of wind complex by Renova to AES Tietê - Reuters 2 Min Read SAO PAULO (Reuters) - Brazil’s power sector regulator ANEEL rejected on Tuesday the proposed transfer of wind power complex Alto Sertao III from Renova Energia SA to AES Tietê, a 1.34-billion real ($346.73 million) deal closed in April. In a meeting of its board on Tuesday, ANEEL directors said the companies failed to show possible gains for the consumer or guarantees for the conclusion of the project. Renova and AES Tietê were also seeking from ANEEL suspension of some fines related to delays in the complex’s completion. In a securities filing, Renova Energia said the regulator’s decision only applies to windmills that already had future contracts t
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News
- Earnings Preview: AES (AES) Q1 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
- The AES Co. (NYSE: AES) had its price target lowered by analysts at JPMorgan Chase & Co. from $16.00 to $14.00. They now have an "overweight" rating on the stock.MarketBeat
- Is The AES Corporation (AES) the Best Cheap Stock to Buy Under $10? [Yahoo! Finance]Yahoo! Finance
- 5 Renewable Energy Stocks to Buy Amid Growing Market Demand [Yahoo! Finance]Yahoo! Finance
- The AES Co. (NYSE: AES) had its "hold" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $10.00 price target on the stock, down previously from $15.00.MarketBeat
AES
Earnings
- 2/28/25 - Beat
AES
Sec Filings
- 4/17/25 - Form SCHEDULE
- 4/11/25 - Form 10-K/A
- 3/20/25 - Form 8-K
- AES's page on the SEC website