Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>AES Corp., a major player in renewable and utility power with deep ties to Big Tech, is now exploring strategic options including a potential sale, according to reports.</li><li>The Arlington, Virginia-based company has caught the eye of infrastructure giants such as Brookfield Asset Management and BlackRock’s Global Infrastructure Partners (GIP) after its stock plummeted nearly 50% over the past two years.</li><li>The stock rebounded sharply—up nearly 20% in a day—amid reports of the takeover interest, bringing its market cap to around $9.4 billion, though its enterprise value still hovers around $40 billion due to high leverage.</li></ul>

AES Corp., a major player in renewable and utility power with deep ties to Big Tech, is now exploring strategic options including a potential sale, according to reports.The Arlington, Virginia-based company has caught the eye of infrastructure giants such as Brookfield Asset Management and BlackRock’s Global Infrastructure Partners (GIP) after its stock plummeted nearly 50% over the past two years.The stock rebounded sharply—up nearly 20% in a day—amid reports of the takeover interest, bringing its market cap to around $9.4 billion, though its enterprise value still hovers around $40 billion due to high leverage.

AES Draws Takeover Buzz: Why Brookfield and BlackRock May Be Circling the $40B Clean Energy Giant

<ul><li>AES Corporation recently conducted its Q1 2025 financial review, where executives discussed the company's performance, current initiatives, and future outlook.</li><li>AES reaffirmed its 2025 guidance and emphasized continued resilience and execution despite potential economic and regulatory headwinds.</li><li>Here is an unbiased investment thesis and summary of the results: AES Corporation reported a Q1 2025 adjusted EBITDA of $591 million and an adjusted EPS of $0.27, aligning with internal expectations.</li></ul>

AES Corporation recently conducted its Q1 2025 financial review, where executives discussed the company's performance, current initiatives, and future outlook.AES reaffirmed its 2025 guidance and emphasized continued resilience and execution despite potential economic and regulatory headwinds.Here is an unbiased investment thesis and summary of the results: AES Corporation reported a Q1 2025 adjusted EBITDA of $591 million and an adjusted EPS of $0.27, aligning with internal expectations.

AES Corporation: Growth in U.S. Utilities & Strategic Partnerships As A Critical Growth Lever!

<ul><li>The AES Corporation's recent earnings addressed both achievements and challenges faced during 2024, alongside their strategic outlook for 2025 and beyond.</li><li>The company reported a mixed performance for 2024, achieving an adjusted EBITDA of $2.64 billion, falling on the lower end of their guidance, primarily due to extreme weather events impacting their operations in Colombia and Brazil.</li><li>Despite these setbacks, AES recorded a parent free cash flow of $1.1 billion, aligning with expectations, and a record adjusted EPS of $2.14, exceeding their guidance range.</li></ul>

The AES Corporation's recent earnings addressed both achievements and challenges faced during 2024, alongside their strategic outlook for 2025 and beyond.The company reported a mixed performance for 2024, achieving an adjusted EBITDA of $2.64 billion, falling on the lower end of their guidance, primarily due to extreme weather events impacting their operations in Colombia and Brazil.Despite these setbacks, AES recorded a parent free cash flow of $1.1 billion, aligning with expectations, and a record adjusted EPS of $2.14, exceeding their guidance range.

AES Corporation: Renewable Energy Growth & Investment Progress Driving Our Optimism!

<ul><li>AES Corporation has demonstrated a mixture of positive advancements and notable challenges in its third quarter earnings results for 2024.</li><li>The company's performance aligns well with its strategic goals, especially in renewable energy expansion and U.S. utility growth, although some headwinds from severe weather conditions in South America have depressed certain results.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

AES Corporation has demonstrated a mixture of positive advancements and notable challenges in its third quarter earnings results for 2024.The company's performance aligns well with its strategic goals, especially in renewable energy expansion and U.S. utility growth, although some headwinds from severe weather conditions in South America have depressed certain results.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

The AES Corporation: Its Renewable Energy Expansion and Project Pipeline Driving Our ‘Buy’ Rating! - Major Drivers

<ul><li>The AES Corporation presented its second quarter 2024 earnings with solid results that showcased significant strategic progress and financial achievements.</li><li>The quarter saw AES generating an adjusted EBITDA with tax attributes of $843 million and an adjusted EPS of $0.38, aligning with the company's broader 2024 financial objectives.</li><li>The performance reflected well-executed expansions, particularly in engagements with large technology customers and robust moves into renewable energy platforms, underlining AES's adaptability and strategic foresight in the energy sector.</li></ul>

The AES Corporation presented its second quarter 2024 earnings with solid results that showcased significant strategic progress and financial achievements.The quarter saw AES generating an adjusted EBITDA with tax attributes of $843 million and an adjusted EPS of $0.38, aligning with the company's broader 2024 financial objectives.The performance reflected well-executed expansions, particularly in engagements with large technology customers and robust moves into renewable energy platforms, underlining AES's adaptability and strategic foresight in the energy sector.

The AES Corporation: Geographical Diversification & Investment Shift Driving Our 'Buy' Rating? - Major Drivers

United States

The AES Corporation acquires, develops, owns, and operates generation plants and distribution businesses in several countries. The Company sells electricity under long term contracts and serves customers under its regulated utility businesses. AES also mines coal, turns seawater into drinking water, and develops alternative sources of energy.

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Aes Corp (AES US)

AES Draws Takeover Buzz: Why Brookfield and BlackRock May Be Circling the $40B Clean Energy Giant

AES Corp., a major player in renewable and utility power with deep ties to Big Tech, is now exploring strategic options including a potential...

Baptista Research

AES Corporation: Growth in U.S. Utilities & Strategic Partnerships As A Critical Growth Lever!

AES Corporation recently conducted its Q1 2025 financial review, where executives discussed the company's performance, current initiatives, and...

Baptista Research

AES Corporation: Renewable Energy Growth & Investment Progress Driving Our Optimism!

The AES Corporation's recent earnings addressed both achievements and challenges faced during 2024, alongside their strategic outlook for 2025 and...

Baptista Research

The AES Corporation: Its Renewable Energy Expansion and Project Pipeline Driving Our ‘Buy’ Rating! - Major Drivers

AES Corporation has demonstrated a mixture of positive advancements and notable challenges in its third quarter earnings results for 2024. The...

Baptista Research

The AES Corporation: Geographical Diversification & Investment Shift Driving Our 'Buy' Rating? - Major Drivers

The AES Corporation presented its second quarter 2024 earnings with solid results that showcased significant strategic progress and financial...

Baptista Research

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