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What's Going On With KKR Stock Friday? - KKR (NYSE:KKR)
Benzinga· 2026-02-06 12:34
Core Viewpoint - KKR & Co. Inc. has announced a strategic partnership with HMC Capital, involving an investment of up to $603 million to support renewable energy projects in Australia, particularly focusing on the Energy Transition Platform [1][2] Investment Details - The investment will enhance HMC's existing 652MW operational assets and its 5.7GW battery energy storage and wind development pipeline [1] - This partnership aims to scale the Platform and identify growth opportunities, with a focus on advancing Australia's transition to net zero carbon by 2050 [2] Strategic Alignment - KKR's investment aligns with its broader strategy, having committed over $44 billion to climate and environmental sustainability investments since 2010 [2] Earnings Forecast - Investors are anticipating the next earnings report on April 30, 2026, with expectations for growth in earnings per share (EPS) and revenue [3] Analyst Consensus - The stock carries a Buy Rating with an average price target of $146.57, supported by a strong consensus and an expected earnings growth of 14%, indicating a potential 55% upside to analyst targets [4] Recent Stock Performance - KKR shares were down 1.34% at $100.50 during premarket trading, with an EPS estimate of $1.31 (up from $1.15 YoY) and a revenue estimate of $1.96 billion (up from $1.77 billion YoY) [5] - The stock is trading at a premium P/E of 42.4x, reflecting its valuation status [5] - Recent analyst actions include a downgrade to Hold by TD Cowen with a lowered target of $131.00, while UBS maintains a Buy rating with a target of $168.00, and Barclays has an Overweight rating with a target of $159.00 [5]