Among them is AES Corporation (NYSE:AES). 14 Low PE High Dividend Stocks to Buy Now.
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BlackRock Global Infrastructure Partners and EQT AB have agreed to acquire AES Corporation (NYSE:AES) in an all-cash deal valued at about $10.7 billion, Bloomberg reported on March 2. The deal comes amid rising demand for power generators that can power large, energy-intensive AI data centers.
Under the terms of the agreement, the buyer will pay $15 per share for AES. The deal gives the company an enterprise value of about $33.4 billion. The offer is below the company’s previous closing price of $17.28, a level that was raised on takeover estimates. Even so, the bid represents a nearly 40% premium to the stock’s 30-day volume-weighted average price before reports surfaced that AES was exploring a sale. The companies expect the transaction to close in early 2027.
The agreement highlights how power developers have become increasingly valuable as technology companies build massive AI data centers that require significant power. AES already provides renewable electricity to several large tech companies. Its existing agreements include Google, Microsoft, and Amazon.
AES is considering other steps before agreeing to a deal, people familiar with the situation said. One option involves eliminating shares and issuing significant equity to support a growing pipeline of electricity. The privatization is expected to give the company greater financial flexibility and better access to capital as it continues to expand.
This process takes several months. Global Infrastructure Partners and EQT initially competed for the acquisition before deciding to team up to complete the deal. JPMorgan Chase and Wells Fargo advised AES on the transaction. Goldman Sachs served as advisor to Global Infrastructure Partners, while Citigroup advised EQT.
AES Corporation (NYSE:AES) is an energy company that operates through four segments: Renewables, Utilities, Energy Infrastructure, and New Energy Technologies. The renewable sector includes solar, wind, energy storage, and hydro generation facilities. The facilities segment includes AES Indiana, AES Ohio, and AES El Salvador regulated facilities and their generation facilities.
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