The AES Corporation: Initiation of Coverage – Does It Have A Sustainable Competitive Moat?

AES Corporation held a financial review for the first quarter of 2024, wherein they discussed the company’s performance and future plans extensively. The company announced adjusted EBITDA with tax attributes of $863 million, adjusted EBITDA of $635 million, and adjusted earnings per share (EPS) at $0.50. These results show AES Corporation’s ability to meet its targeted outcomes and reflect resilience amidst prevailing economic conditions like high interest rates and inflation.