- Apollo Global Management is investing significantly in renewable energy through a new joint venture.
- Analyst expectations suggest a potential upside for APO stock.
- The GF Value indicates a contrasting perspective on the stock's fair valuation.
Apollo Global Management (APO, Financial) is making a strategic investment of up to $220 million in a promising joint venture with Bullrock Energy Ventures. This collaboration focuses on the development of community solar projects across the United States. Notably, the investment includes an allocation of $100 million in equity dedicated to advancing Bullrock's 50-megawatt renewable energy pipeline. This initiative aims to significantly enhance access to clean energy within the nation.
Wall Street Analysts' Forecast
An analysis of one-year price targets from 16 financial analysts reveals an average target price for Apollo Global Management Inc (APO, Financial) at $157.38. The projections range from a high estimate of $193.00 to a low of $124.00. These forecasts suggest a potential upside of 19.87% from the current stock price of $131.29. Investors can explore more comprehensive estimate data on the Apollo Global Management Inc (APO) Forecast page.
When considering the collective insights of 21 brokerage firms, Apollo Global Management Inc's (APO, Financial) average brokerage recommendation stands at 2.0, indicating an "Outperform" status. This rating follows a scale where 1 represents a Strong Buy and 5 signifies a Sell recommendation.
From the perspective of GuruFocus estimates, the projected GF Value for Apollo Global Management Inc (APO, Financial) in one year is calculated to be $87.29, implying a potential downside of 33.51% from the current price of $131.29. The GF Value is a reflection of GuruFocus' fair value assessment, which considers historical trading multiples, past business growth, and future business performance forecasts. For more detailed insights, visit the Apollo Global Management Inc (APO) Summary page.
