AES Corp
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Company profile

The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia. As of December 31, 2016, its United States SBU had 18 generation facilities and two integrated utilities in the United States. As of December 31, 2016, its Andes SBU had generation facilities in three countries. Its Brazil SBU has generation and distribution businesses, Eletropaulo and Tiete. As of December 31, 2016, its MCAC SBU had a portfolio of distribution businesses and generation facilities, including renewable energy, in five countries. As of December 31, 2016, its Europe SBU had generation facilities in five countries. As of December 31, 2016, its Asia SBU had generation facilities in three countries.

Closing Price
$18.29
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
4,066,235
0

UPDATE: Tesla stock slammed as company announces plan to issue up to $2 billion in new shares

10:04 am ET February 13, 2020 (MarketWatch)
Print

Tesla Inc. shares (TSLA) slid 5.8% in premarket trades Thursday, after the electric-car maker said it is planning to offer about $2 billion of common stock in an underwritten deal. The company said Chief Executive Elon Musk will participate in the offering by purchasing up to $10 million in new shares. Board member Larry Ellison will also participate by buying up to $1 million in stock. Proceeds of the deal are slated to be used to bolster the company's balance sheet and for general corporate purposes. Goldman Sachs and Morgan Stanley are underwriting the deal and have a 30-day option to acquire another $300 million in stock. Shares have gained 149% in the last 12 months, while the S&P 500 has gained 23%. Read all of MarketWatch's recent coverage of Tesla and CEO Elon Musk (http://www.marketwatch.com/search).

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

February 13, 2020 10:04 ET (15:04 GMT)

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