Market Currents

• Friday, November 6, 2009

• 12:00 PM Power producer AES (AES +3.4%) reported some strong cash flow and raised guidance, and agrees to sell $1.58B in stock and a 35% stake in its wind-power business to China Investment Corp., raising billions for expansion. 1 Comment

• Monday, September 14, 2009

• 08:20 AM China's sovereign wealth fund is said to be in talks to take a significant minority stake in power-plant developer AES (AES). Another option on the table is a JV in which China contributes capital to fund AES' global plans for power plant development. 1 Comment

• Friday, May 8, 2009

• 07:18 AM AES (AES): Q1 EPS of $0.34 beats by $0.13. Revenue of $3.4B in-line. Sees full-year EPS of $.103-1.13 vs. $1. (PR) Comment!

• Friday, February 27, 2009

• 03:44 AM AES (AES): Q4 EPS of $0.18 misses by $0.06. Revenue of $3.54B (-3.1%) vs. $3.65B. Sees 2009 EPS of $0.97-1.07 vs. $1.10. (PR) (-from Thur. evening) Comment!

• Friday, November 7, 2008

• 03:10 AM AES Corp. (AES): Q3 EPS of $0.25 misses by $0.03. Revenue of $4.34B (+24.7%) vs. $3.69B. Sees full-year EPS of $1.07 vs. $1.15. (PR) Comment!

• Monday, August 11, 2008

• 13:12 PM Calpine (CPN) +4.75% on better-than-expected earnings. Bloomberg's Edward Klump says Wall Street may have overcompensated for a weak economy's effect on independent power producers such as CPN, NRG, AES, MIR and DYN. Comment!

• Friday, August 8, 2008

• 06:13 AM AES (AES): Q2 EPS of $0.27 misses by $0.03. Revenue of $4.15B (+24.1%) vs. $3.38B. [PR] Comment!

• Thursday, August 7, 2008

• 00:05 AM Notable earnings before Thursday's open: ACM, AES, ANSS, ARCC, BBI, BKUNA, BRL, CAH, CDL, CNQ, DPTR, DTV, DYN, ED, FTO, ISIS, KG, LIZ, MCGC, MF, OMG, PCS, PDE, PGN, PMI, SBH, SIRI, SLE, SNH, SRE, TM, WMB, WNR Comment!

• Tuesday, May 27, 2008

• 10:16 AM Industry sources say power co. Calpine (CPN) will likely receive counter offers to NRG Energy's (NRG) $9.6B bid last week. Possibles: MIR, SYN, AES, PPL. Comment!