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An announcement from Brookfield Asset Management Ltd. Class A ( (TSE:BAM) ) is now available.
Brookfield Asset Management, in collaboration with Google, has announced a groundbreaking Hydro Framework Agreement to deliver up to 3,000 MW of carbon-free hydroelectric capacity across the United States. This agreement, the largest corporate clean power deal for hydroelectricity, includes over $3 billion in contracts for the Holtwood and Safe Harbor facilities in Pennsylvania, providing 670 MW of capacity. The initiative supports Google’s goal of operating on 24/7 carbon-free energy and represents a significant advancement in Brookfield’s strategy to offer flexible, clean energy solutions to the tech sector. The agreement allows Google to procure electricity from hydroelectric assets that will be upgraded to extend their lifespan, initially focusing on the mid-Atlantic and mid-continent electricity markets. This partnership highlights the critical role of hydropower in meeting the increasing energy demands driven by digitalization and AI, while also maintaining commitments to existing power consumers.
The most recent analyst rating on (TSE:BAM) stock is a Buy with a C$46.00 price target. To see the full list of analyst forecasts on Brookfield Asset Management Ltd. Class A stock, see the TSE:BAM Stock Forecast page.
Spark’s Take on TSE:BAM Stock
According to Spark, TipRanks’ AI Analyst, TSE:BAM is a Outperform.
Brookfield Asset Management Ltd. Class A receives a strong overall stock score of 71, driven primarily by its robust financial performance and strategic initiatives seen in recent corporate events. While the technical analysis suggests caution due to valuation concerns, the company’s resilience and growth prospects provide a positive outlook.
To see Spark’s full report on TSE:BAM stock, click here.
More about Brookfield Asset Management Ltd. Class A
Brookfield Asset Management is a leading global alternative asset manager based in New York, managing over $1 trillion in assets. The company focuses on long-term investments in real assets and essential service businesses, offering a variety of alternative investment products to a global clientele, including public and private pension plans, sovereign wealth funds, and financial institutions. Brookfield Renewable Partners, a subsidiary, operates one of the largest publicly traded platforms for renewable power, including hydroelectric, wind, solar, and storage facilities.
Average Trading Volume: 1,615,920
Technical Sentiment Signal: Buy
Current Market Cap: C$123.9B
For an in-depth examination of BAM stock, go to TipRanks’ Overview page.