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Non-Tech : AES Corp. (AES) -- Ignore unavailable to you. Want to Upgrade?


To: Jimbobwae who wrote (15)5/14/2001 12:20:49 PM
From: JakeStraw  Respond to of 47
 
General Services Administration Brings NewEnergy to New York City Federal Buildings biz.yahoo.com
NEW YORK--(BUSINESS WIRE)--May 14, 2001--AES NewEnergy will be powering many well-known public facilities throughout New York City.

The U.S. General Services Administration (GSA) has signed a long-term contract with AES NewEnergy to provide well over 50 megawatts of electricity to over 400 service accounts throughout the five boroughs of New York City and in Westchester County.

The United Nations, Social Security Administration, the Smithsonian Institution, the Veteran's Administration, the United States Coast Guard, and Red Cross facilities are among the many that AES NewEnergy will be serving under this contract.

The facilities managed by the GSA comprise some of New York's most recognized landmarks and represent a significant addition to AES NewEnergy's growing industrial and commercial customer base in New York.

Brian Hayduk, vice president of AES NewEnergy, said: ``The GSA prepared a very innovative bid package -- clearly demonstrating their knowledge and desire to take advantage of the opportunities in today's electricity markets. For AES NewEnergy, it's a pleasure to be able to serve some of New York's most distinguished properties with electricity. We are very excited to be working with the GSA and look forward to being their energy partner.''

Created in 1949, GSA is a centralized federal procurement and property agency that provides office space, supplies and services for the federal government. GSA has evolved from a mandatory supplier of space and products for federal civilian agencies to a non-mandatory provider of competitively priced, high-quality office space, commercial products and military and civilian workforce solutions.

AES NewEnergy is America's leading retail electricity provider, serving commercial and industrial customers in competitive markets throughout the country. The company offers businesses energy-related products and services. AES NewEnergy is a subsidiary of The AES Corp. (NYSE:AES - news), a leading global power company composed of competitive generation, distribution and retail businesses around the world.

More information on AES NewEnergy's products and services can be found at newenergy.com.



To: Jimbobwae who wrote (15)5/23/2001 9:06:48 AM
From: JakeStraw  Read Replies (1) | Respond to of 47
 
AES Corp (AES) : Lehman Bros initiates coverage with a BUY and $58 target; says weakness in AES stock over Brazil electricity rationing and Argentinas credit crunch presents a good buying opportunity for long-term focused investors. finance.yahoo.com



To: Jimbobwae who wrote (15)6/1/2001 2:30:46 PM
From: JakeStraw  Read Replies (1) | Respond to of 47
 
Raymond James sets AES as a Strong Buy
biz.yahoo.com
MIAMI, June 1 (Reuters) - Raymond James & Associates on Friday started coverage of AES Corp. (NYSE:AES - news) with a strong buy recommendation, saying the independent power producer was well positioned to ride a coming boom in global energy demand.

Analyst Frederick Schultz said AES, with operations in more than two dozen countries, was trading at a discount to rivals but deserved a premium valuation. AES, he predicted, would earn $1.87 a share in 2001 and $2.40 next year, up from $1.46 in 2000.

``We believe management has put in place an earnings catalyst sufficient to hit its five-year 25 percent earnings growth expectations, with additional upside,'' Schultz said in a research report.

``We see the company's geographic and fuel diversities as being timely given the resurgence in political risk in the U.S. power markets.''

Schultz set a 12-month price target of $60 for AES, which was trading at $44.90, off 50 cents, on Friday afternoon on the New York Stock Exchange.