KKR & Co. Inc. (NYSE:KKR) stock is trading higher Friday. KKR announced a new strategic partnership with HMC Capital.
The company will invest up to $603 million into HMC’s Energy Transition Platform, which is aimed at expanding renewable energy projects in Australia.
KKR’s investment will support the Platform’s existing 652MW operational assets and its 5.7GW battery energy storage and wind development pipeline.
This partnership is expected to help scale the Platform and identify growth opportunities, with HMC’s CEO, David Di Pilla, emphasizing KKR’s expertise and capital as critical for advancing Australia’s transition to net zero carbon by 2050.
The investment aligns with KKR’s broader strategy, having committed over $44 billion to climate and environmental sustainability investments since 2010.
KKR Earnings Forecast: EPS and Revenue Growth
Investors are looking ahead to the next earnings report on April 30, 2026.
- EPS Estimate: $1.31 (Up from $1.15 YoY)
- Revenue Estimate: $1.96 billion (Up from $1.77 billion YoY)
- Valuation: P/E of 42.4x (Indicates premium valuation)
Analyst Consensus & Recent Actions:
The stock carries a Buy Rating with an average price target of $146.57. Recent analyst moves include:
- TD Cowen: Downgraded to Hold (Lowers Target to $131.00) (Jan. 14)
- UBS: Buy (Lowers Target to $168.00) (Jan. 13)
- Barclays: Overweight (Lowers Target to $159.00) (Jan. 9)
Valuation Insight: While the stock trades at a premium P/E multiple, the strong consensus and 14% expected earnings growth suggest analysts view this growth as justification for the 55% upside to analyst targets.
KKR Price Action: Kkr shares were up 3.51% at $102.65 at the time of publication on Friday, according to Benzinga Pro data. (Updated)
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