$BAM.TO

Brookfield Asset Management and Mitsubishi HC Capital Form a Renewable Energy Joint Venture

Brookfield Asset Management (BAM.TO, BAM) and Mitsubishi HC Capital after trade Tuesday said they have formed a joint venture that will acquire and operate contracted renewable energy assets in Europe.The initial portfolio includes about 570 megawatts of installed capacity diversified across the U.K., Spain, Sweden, Finland, France and Ireland, with an equity value of about 400-million euros, they added."The assets are highly contracted under long-term power purchase agreements, which have a weighted average remaining term of approximately 10 years. Collectively, the assets offer a highly stabilized cash flow profile, generating predictable income with strong downside protection and resilience across market cycles," the companies said, adding that the joint venture is also evaluating additional renewable energy acquisitions in Europe and Australia.Brookfield will manage the venture's operations, while both partners will jointly oversee governance and future investments. The venture is set to launch in the second half of 2026, subject to regulatory approvals and customary closing conditions, according to the statement.Brookfield shares closed up $1.61 to $65.77 on the Toronto Stock Exchange.

Brookfield Asset Management Price Target Lowered to US$65 at RBC

RBC Capital Markets lowered its price target on Brookfield Asset Management Ltd. (BAM.TO, BAM) to US$65 from US$74 on Monday.Analyst Bart Dziarski maintained an Outperform rating on shares of the Toronto-based global alternative asset management."We believe BAM is well positioned heading into its fundraising cycle with private equity, infrastructure flagships and 60 strategies in total fundraising driving our estimated $150 Billion of fundraising ($110 Billion excluding Just Group mandate) in 2026," Dziarski said in a note to clients."We have reduced our target... as we lowered our target multiple from 28.5x to 24x given calibration to BAM's closest peer Blackstone Inc. (BX)," the analyst said."On capital allocation, BAM remains under-levered vs. US Alts peers, has been actively repurchasing stock ($575M YTD) and yields ~4%."

Brookfield Asset Management Q1 Distributable EPS US$0.43 Vs $0.40 a Year Earlier

Brookfield Asset Management Price Target Lowered By US$6 at TD

TD Securities lowered its price target on Brookfield Asset Management Ltd. (BAM.TO, BAM) to US$69 from US$75 on Monday.Analyst Cherilyn Radbourne maintained a Buy rating on shares of the Toronto-based global alternative asset manager ahead of its Q1 results on May 8."Amid cautious investor sentiment on the alt managers, BAM offers a highly resilient/diversified FRE-driven earnings profile, anchored in real assets," Radbourne said in a note to clients."BAM has minimal software exposure, and meaningful scale/experience in power, which enables it to offer a truly differentiated AI backbone solution," the analyst said."Upcoming first closes on three flagship funds offer potential catalysts."(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Brookfield Asset Management Prices US$550M of Notes Due 2031 and $450M Re-Opening of Notes Due 2036