10 Firms Drenched in Red Today

2. The AES Corporation (NYSE:AES)

The AES Corporation fell for a sixth consecutive day on Wednesday, dropping 9.88 percent to end at $10.13 apiece as investors seemed unimpressed by its newly bagged deal with technology giant Meta Platforms Inc.

On Wednesday, The AES Corporation (NYSE:AES) said that it entered into a long-term power purchase agreement to support Meta’s data centers with 650 MW of solar projects.

“By providing energy solutions that offer fast time-to-power and low-cost electricity, we continue to be the partner of choice for companies, like Meta, at the forefront of artificial intelligence innovation,” said The AES Corporation (NYSE:AES) President and Chief Executive Officer Andrés Gluski.

Additionally, The AES Corporation (NYSE:AES) said the partnership will boost employment opportunities for communities in Texas and Kansas.

The AES Corporation (NYSE:AES) is one of the leading US-based global power companies, with 32.7 GW in operation, a backlog of 12.3 GW of signed long-term PPAs, and a pipeline of 65 GW.