Clean Energy Buyers Association (CEBA) is an organization representing over 400 energy customer companies and partners committed to achieving a 90% carbon-free U.S. electricity system by 2030.

Clean Energy Buyers Association

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market. It uses a range of fuels and technologies to generate electricity, including coal, gas, hydro, wind, solar, and biomass; and renewables, such as energy storage and landfill gas. The company owns and/or operates a generation portfolio of approximately 31,459 megawatts. It has operations in the United States, Puerto Rico, El Salvador, Chile, Colombia, Argentina, Brazil, Mexico, Central America, the Caribbean, Europe, and Asia. The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000. The AES Corporation was incorporated in 1981 and is headquartered in Arlington, Virginia.

Roger Sant

Dennis Bakke

The AES Corporation

Avangrid, Inc., an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas. The company also operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. It delivers natural gas and electricity to residential, commercial, and institutional customers through its regulated utilities in New York, Maine, Connecticut, and Massachusetts; and sells its output to investor-owned utilities, public utilities, and other credit-worthy entities. In addition, the company generates and provides power and other services to federal and state agencies, as well as institutional retail and joint action agencies; and delivers thermal output to wholesale customers in the Western United States. It owns eight electric and natural gas utilities, serving 3.3 million customers in New York and New England, as well as owns and operates 8.8 gigawatts of electricity capacity primarily through wind power in 22 states. The company was incorporated in 1997 and is headquartered in Orange, Connecticut. Avangrid, Inc. is a subsidiary of Iberdrola, S.A.

Kevin Helmich

Avangrid, Inc.

Constellation is a company that operates in the clean energy transition sector. The company focuses on economic impact through business diversity, workforce development, volunteerism and philanthropy.

Metric
Company Name	Clean Energy Buyers Association	The AES Corporation	Avangrid, Inc.	Constellation
Symbol		AES	AGR
MSH ID	ORG:CEBUYERS	COM:AES	COM:AVANGRID	COM:CONSTELLATIONENERGY
Market	PRIVATE	STOCKS	STOCKS	PRIVATE
Sector	Public & Social Sector	Utilities	Utilities	Energy
Industry	Energy	Diversified Utilities	Regulated Electric	Clean Energy
Country	US	US	US	US
Stage		Post-IPO Debt
Employee Count		9.60K	8K
Website	cebuyers.org	aes.com	avangrid.com	constellationenergy.com
LinkedIn		aes
Founders

Metric
Market Cap	12.74B	13.65B
Enterprise Value
Monthly Web Traffic	291.40K	35.06K
Web Traffic Growth	-0.10	-0.04
Valuation
Raised Capital	950M

Metric
Revenue	12.67B	8.31B
Revenue (LTM)
Revenue (NTM)
Gross Profit	5.01B	2.77B
EBITDA	-189M	2.14B
Operating Income	-189M	930M
Net Income	249M	786M
EPS	0.34	2.03
Diluted EPS	0.34	2.03
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.29	0.33
Operating Profit Margin	0.23	0.14
EBITDA Margin	-0.01	0.26
Net Profit Margin	0.06	0.11
Return on Equity	0.26	0.05
Return on Assets	0.02	0.02
Return on Capital Employed	0.08	0.03

ORG:CEBUYERS

Clean Energy Buyers Association

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	-43.20	21.92
P/B Ratio	4.06	0.60
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	1.24	1.76
EV Multiple	-4.99	0.80

Metric
Days Sales Outstanding	49.34	63.55
Days Payables Outstanding	58.80	100.63
Days Inventory Outstanding	26.87	32.62
Operating Cycle	73.66	104.75
Cash Conversion Cycle	-2.90	-7.56
Asset Turnover	0.28	0.19

Metric
Operating Cash Flow	3.03B	919M
Free Cash Flow	-4.69B	-2.05B
Cash Flow to Debt	0.11	0.08
Operating Cash Flow/Sales	0.24	0.11
Free Cash Flow Yield	-0.34	-0.15

Metric
Cash & Equivalents	1.43B	91M
Accounts Receivable	161M
Inventory	712M	495M
Goodwill	348M	3.12B
Debt to Capitalization	0.91	0.41
Debt to Assets	0.63	0.26
Current Ratio	0.83	0.78
Quick Ratio	0.91	0.50

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.04	-0.00
R&D to Revenue
SG&A to Revenue	0.02