AES Corp. stock trades at EUR 13.12 after earnings beat

Published on 09/29/2026 at 17:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AES Corp. stock posted USD 3.42 billion in Q2 revenue, up 19.9 percent year over year. GAAP EPS reached USD 0.60 versus a USD 0.15 loss, while the cash offer stands at USD 15.00.

Fotorealistischer Solarpark mit Nachführ-Systemen bei Sonnenaufgang — AES Corp. US00130H1059 utility-scale solar farm with sun-tracking panels at golden sunrise, Illustration mit AI erstellt.

AES Corp. (ISIN US00130H1059) was trading at EUR 13.12 at Lang & Schwarz on September 29, 2026 at 5:03 p.m. CEST, up 0.38 percent versus the prior close of EUR 13.07. The latest operating signal is the company's Q2 2026 result, which showed revenue growth alongside a sharp GAAP earnings improvement.

Q2 revenue reached USD 3.42 billion

According to Yahoo Finance on September 3, 2026, AES reported Q2 2026 revenue of USD 3.42 billion, up 19.9 percent from the year-ago quarter and 10.4 percent above the USD 3.10 billion consensus estimate.

The earnings mix was also stronger on a GAAP basis. GAAP EPS reached USD 0.60, compared with a USD 0.15 loss in the year-ago quarter, while operating margin rose 52.8 percent to USD 692.00 million, according to Yahoo Finance.

Backlog supports the project pipeline

AES ended Q2 2026 with a 10.9 GW contracted power purchase agreement backlog, including 3.8 GW under construction. The portfolio under construction comprised 45 percent wind, 29 percent energy storage and 26 percent solar, giving the revenue beat a project pipeline beyond the reported quarter.

During the first half of 2026, AES completed 2.0 GW of renewable capacity and 0.5 GW of natural gas capacity, while signing or winning 901 MW of new long-term power purchase agreements, Yahoo Finance reported. That combination links the quarterly revenue increase to construction and contracted capacity rather than to a single isolated sales item.

Target remains above the cash offer

According to MarketBeat on September 25, 2026, all eight covering analysts held a Hold rating and the average 12-month price target was USD 15.71. Against the USD 14.87 NYSE quote on September 29, 2026, that target is 5.66 percent higher.

A separate transaction reference remains important for valuation. AES entered a merger agreement on March 1, 2026, under which shareholders would receive USD 15.00 in cash per share, while the deal still requires specified regulatory approvals and other closing conditions, according to Yahoo Finance. The USD 15.71 analyst target therefore sits above both the current NYSE quote and the stated cash consideration.

The September 29 quote at Lang & Schwarz

AES Corp. stock was trading at EUR 13.12 at Lang & Schwarz on September 29, 2026 at 5:03 p.m. CEST, up 0.38 percent versus the prior close of EUR 13.07. The finance data snapshot put the NYSE quote at USD 14.87 at 11:08 a.m. ET, with a market capitalization of USD 10.6 billion.