Apollo, through its managed funds, has pledged a substantial investment of up to $220 million to support a new joint venture with Bullrock Energy Ventures. This partnership focuses on developing a portfolio of community solar projects across New York and New England.
As a part of this significant investment, Apollo has allocated $100 million of its equity commitment specifically for advancing Bullrock's project pipeline, which amounts to nearly 500 megawatts of renewable energy assets. This initiative underlines a strong commitment to expanding renewable energy infrastructure in the region, signifying a notable step forward in sustainable energy development.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Apollo Global Management Inc (APO, Financial) is $157.38 with a high estimate of $193.00 and a low estimate of $124.00. The average target implies an upside of 27.21% from the current price of $123.71. More detailed estimate data can be found on the Apollo Global Management Inc (APO) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Apollo Global Management Inc's (APO, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Apollo Global Management Inc (APO, Financial) in one year is $87.29, suggesting a downside of 29.44% from the current price of $123.71. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Apollo Global Management Inc (APO) Summary page.
