AES CEO Andrés Gluski says Wall Street has lost its appetite for renewables. (Semafor)
Gluski told Semafor that AES’s stock has dropped by half in recent years even as it’s become a leading clean-power supplier to tech companies and data centers. He blames investors’ fixation on debt and quarterly performance, saying “renewables aren’t in the zeitgeist of the moment.”
His remarks follow reports that BlackRock’s Global Infrastructure Partners is close to a $38B deal to acquire AES—a move Gluski hinted could give the company “a fairer valuation” away from public-market volatility.