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Partners Group is set to acquire an energy asset management platform and a portfolio of 11 gas-fired power plants in California from Avenue Capital Group for $2.2 billion. This deal includes Middle River Power, which focuses on on-site battery energy storage systems, crucial for grid reliability amid rising power demand driven by data centers and increased electricity use in homes and businesses. The transaction highlights the growing importance of natural gas and battery storage in supporting the U.S. energy infrastructure.
Barclays has downgraded Sempra Energy from Overweight to Equal Weight, slashing the price target from $95 to $72 following disappointing fourth-quarter earnings. The company's stock has seen a nearly 17% year-to-date decline, attributed to increased costs and a significant reset in financial expectations, leading to an 11% reduction in EPS estimates through 2029. Despite these challenges, Sempra maintains a strong dividend history and has announced a $56 billion capital plan for growth in Texas and California.
UBS has raised its price target for FOX Corp shares from $50 to $63, maintaining a Buy rating, citing strong financial performance and a perfect Piotroski score. The company is expected to see revenue growth of 14% and EBITDA growth of 20% for FY2025, bolstered by favorable advertising trends and strategic strengths. Recent successes, including record Super Bowl LIX revenues and leading viewership on YouTube, further highlight FOX's robust position in the media industry.
Broadcast TV is poised for a potential resurgence as executives anticipate regulatory changes that could allow for greater consolidation, enhancing their ability to compete for local sports rights. With recent acquisitions of NHL and NBA rights by companies like Scripps and Gray, there’s optimism that a more favorable environment could enable broadcasters to invest more in local markets. As traditional pay TV declines, the shift towards a dual strategy of digital streaming and broadcast could redefine how fans engage with their teams.
Leerink Partners has expanded its team by hiring Jason Truman and Grant Curry as senior managing directors from Guggenheim Securities and Gordon Dyal & Co. This move is part of the firm's ongoing recruitment efforts in the health-care advisory sector.
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partners group acquires california energy assets for 2.2 billion dollars
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12:44 18.03.2025
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16:06 05.12.2024
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