All articles tagged with #brookfield
Bloom Energy's stock surged after announcing a $5 billion investment from Brookfield to deploy fuel cells at AI data centers, following a partnership with Oracle to supply fuel cell technology for Oracle's AI infrastructure, signaling a significant growth in AI-related energy solutions.
Brookfield Asset Management plans to invest up to $5 billion in Bloom Energy's fuel cell technology to support AI data centers, with a focus on developing AI factories globally, including a new site in Europe, as part of its broader AI infrastructure investments.
Brookfield is in negotiations to acquire a US landlord from Singapore's GIC in a deal valued at $10 billion.
Air Lease is set to be sold for $7.4 billion to a group of investors including Apollo and Brookfield, marking a significant transaction in the aircraft leasing industry.
Google is investing over $3 billion in hydroelectric power from Brookfield to supply its data centers, aiming to potentially quadruple the energy supply, supporting its goal of carbon-free power and addressing the high electricity demand of hyperscalers. This deal, part of a broader $70 billion AI and energy investment initiative, is the largest corporate hydroelectric power deal and aims to secure up to 3,000 MW of hydropower across multiple US regions, enhancing renewable energy integration and grid stability.
Google has agreed to pay over $3 billion to purchase carbon-free hydropower from Brookfield Renewable Energy Partners, securing 670 MW from two Pennsylvania plants with plans to source up to 3 GW, as part of its efforts to power its expanding data centers sustainably and meet net-zero targets.
Google and Brookfield have agreed to a $3 billion deal to develop hydro power projects, emphasizing their commitment to renewable energy investments.
Bill Ackman’s hedge fund, Pershing Square, is heavily invested in just three main stocks—Uber, Brookfield, and Howard Hughes—accounting for over half of its portfolio, with these high-conviction bets reflecting Ackman's confidence in their growth prospects and undervalued assets.
Billionaire investor Bill Ackman has invested $2.2 billion in Nike and Brookfield through his hedge fund, Pershing Square. Ackman increased his stake in Nike after its disappointing fiscal 2025 outlook, betting on its brand strength and potential recovery. He also invested heavily in Brookfield, attracted by its diverse business portfolio and strong historical returns. Ackman believes both stocks offer significant long-term growth potential, with Brookfield's management projecting substantial free cash flow growth and a significant increase in stock value over the next five years.
Billionaire investor Bill Ackman has invested $2.2 billion into Nike and Brookfield through his hedge fund, Pershing Square. Ackman increased his stake in Nike after its disappointing fiscal 2024 results, betting on its brand strength and potential recovery. He also invested heavily in Brookfield, attracted by its diverse business portfolio and strong historical returns. Ackman believes both companies are undervalued and poised for long-term growth.
Billionaire investor Bill Ackman has significantly increased his stake in Brookfield, making it the top holding in his hedge fund, Pershing Square Capital. Brookfield, a Canadian investment manager with diverse operations in asset management, wealth solutions, and operating businesses, is seen as undervalued with strong growth potential. CEO Bruce Flatt, known for his value investing approach, has led the company to outperform the S&P 500 and Berkshire Hathaway over the past 20 years. Ackman's investment is viewed as a strategic move to capitalize on Brookfield's projected growth and undervaluation.
Brookfield's consortium bid of $10.6 billion for Australia's Origin Energy is expected to fail on Monday as investors are anticipated to vote against the acquisition. Origin's shares dropped to a nine-month low ahead of the vote, indicating investor expectations of the bid being rejected. AustralianSuper, the largest shareholder of Origin, has already stated its intention to reject the offer. The bid requires at least 75% support from the votes cast, and with AustralianSuper owning about 17% of Origin, it should be enough to block the acquisition. If the bid fails, the market is not expected to be significantly impacted, but there could be potential upside if the consortium returns with a hostile off-market offer.
Brookfield consortium's $10.6 billion bid for Australia's Origin Energy is expected to fail on Monday as the largest shareholder, AustralianSuper, plans to reject the offer. The bid requires at least 75% support from the votes cast at the investor meeting, and AustralianSuper's 17% stake should be enough to block it. Origin Energy's board has already rejected a revised back-up bid from the consortium, and the company's shares closed at their lowest point in about nine months.
The United Arab Emirates (UAE) has pledged $30 billion to a new climate-oriented fund called Alterra, with BlackRock, Brookfield, and TPG as launch partners. The fund aims to attract $250 billion in investments by 2030 and will focus on improving access to financing for developing nations and directing private markets towards climate investments. The announcement was made during the COP28 climate summit in the UAE, where the country has faced scrutiny over its energy transition intentions. The fund will be chaired by Sultan al-Jaber, President of COP28 and CEO of Abu Dhabi National Oil Company, and overseen by Abu Dhabi-based asset manager Lunate.
An Australian pension fund has announced that it will vote against an improved bid led by Brookfield for Origin Energy. The fund's decision comes after concerns were raised about the bid's value and potential conflicts of interest.