Blackstone Inc. (BX) is broadening its investment portfolio across various sectors. Notably, it is investing in AI infrastructure through a range of strategic energy acquisitions. The latest move involves the acquisition of
Potomac Energy Center, a strategic power plant near a primary data center hub in Virginia, aimed to support the surge in AI and data needs. Blackstone is also planning to sell the Spanish hotel company,
HIP, reportedly worth €6.5B. Share trading has seen multiple investment firms such as
Grange Capital LLC,
Brighton Jones LLC, and
MFA Wealth Services acquiring shares, while others like
Gradient Investments LLC and
SG Americas Securities LLC sold shares. Blackstone's positions have grown in
Fueling AI and Data and
Virginia's Energy-Hungry Tech Hub. The firm's assets and deal-making performance outpaced earnings growth with a five-year CAGR of 29%. Risks include possible bearish signals from insiders disposing of stock. Overall, Blackstone is rated as an advantaged alternative asset manager and undervalued according to some hedge funds.
Blackstone BX News Analytics from Wed, 07 Aug 2024 07:00:00 GMT to Sat, 25 Jan 2025 17:50:59 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor 5
