AES Corporation Shares Surge Amid Report of a Near‑Completion Acquisition by BlackRock’s Global Infrastructure Partners

The stock of AES Corporation (NYSE: AES), a developer and operator of renewable‑energy power plants, rallied sharply on Wednesday, October 1, 2025, after reports surfaced that BlackRock’s Global Infrastructure Partners (GIP) was close to finalising a $38 billion takeover. The share price climbed above $15, well above the company’s closing price of $13.16 on September 29, and surpassed the $18 valuation suggested by some analysts.

Deal Context and Valuation

  • Purchase Price: The acquisition is reported to value AES at approximately $38 billion, implying a share price near $18.
  • Strategic Rationale: GIP’s interest is linked to rising power demand driven by artificial intelligence and data‑center expansion, sectors that require reliable, renewable‑powered infrastructure.
  • Company Position: AES operates a global portfolio of renewable‑energy plants and has a market capitalization of about $9.36 billion. Its price‑to‑earnings ratio stands at 9.373, indicating moderate valuation relative to earnings.

Market Reaction

  • Stock Performance: AES shares surged to a high of $15.53 during the session, reflecting investor enthusiasm for the takeover prospect.
  • Sector Impact: The rise in AES’s price contributed to broader gains in the utilities sector, with peers such as XEL and SRE also showing upward movement.
  • Analyst Coverage: Barclays maintained an “Overweight” rating on AES despite the rumors, citing the company’s strong fundamentals and the potential upside from the acquisition.

Analyst Perspectives

  • Potential Premium: Several analysts noted that the $38 billion offer would represent a premium over AES’s current valuation, potentially translating to a $18 share price.
  • Uncertainty: While the deal is described as “nearing completion,” no binding agreement has been announced. Analysts caution that market dynamics or regulatory review could alter the outcome.

Implications for AES

  • Shareholder Value: A successful takeover could unlock significant value for AES shareholders, as the offer exceeds the current trading level and the company’s intrinsic valuation metrics.
  • Operational Continuity: Should the acquisition proceed, AES’s renewable portfolio would likely continue to operate under new ownership, with potential synergies in infrastructure and technology.

Conclusion

The reported advance of a $38 billion takeover by BlackRock’s Global Infrastructure Partners has propelled AES Corporation’s stock higher, reflecting market confidence in a premium valuation and the strategic fit of AES’s renewable assets. Investors and analysts are closely monitoring the progress of the deal, noting that the current surge is driven by anticipation rather than confirmed transaction terms.