AES CEO Says Public Markets Have Undervalued Power Company

AES Corp. Chief Executive Officer Andres Gluski said he believes public markets have undervalued the power company over the last couple of years given its financial performance.

• Gluski declined to comment during 2Q earnings call on a Bloomberg News report that the company is exploring options including a potential sale amid takeover interest
• AES sees locking in tax credits for nearly all of its 7.9 GW backlog of renewable projects in the US
• AES rose as much as 4.6% on Friday. Shares up 6.1% YTD.
• EARLIER: AES Corp Maintains FY Adjusted EPS Forecast

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