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Jun 30, 2020
AES Q2 2020 Earnings Report
AES delivered strong financial performance and achieved strategic milestones.
Key Takeaways
AES reported a diluted EPS of ($0.13) and an adjusted EPS of $0.25 for Q2 2020. The company reaffirmed its 2020 guidance and expectations, as well as its 7% to 9% average annual growth target through 2022. During the quarter, AES agreed to sell 2.0 GW of capacity and signed or awarded 852 MW of new renewables and energy storage.
Agreed to sell 2.0 GW of capacity, reducing generation from coal to 34% of total generation.
Signed or awarded 852 MW of new renewables and energy storage, for a total of 1.5 GW in year-to-date 2020.
Total backlog of renewables awarded, under signed PPAs or under construction of 6.2 GW.
Fluence maintained its global lead in the energy storage market with a total backlog of 1.6 GW.
Forward Guidance
The Company is reaffirming its 2020 guidance, expectations and average annual growth rate target through 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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