Blackstone Group L.P. Aktie News

Two beaten-down income machines are flashing rare deep-value signals. Major macro trends are creating powerful tailwinds that the market is overlooking. I am doubling down while prices stay dislocated and yields remain elevated.

Blackstone said on Thursday it will invest about $1.2 billion to build a 600-megawatt gas turbine power generation facility in Harrison County, West Virginia.

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX), through funds affiliated with Blackstone Energy Transition Partners (collectively, “Blackstone Energy Transition Partners”), today announced a $1.2 billion investment to build Wolf Summit Energy (“Wolf Summit”), a fully contracted, 600-megawatt greenfield combined-cycle gas turbine (“CCGT”) power generation facility in Harrison County, West Virg...

The deal should enhance profitability and result in a return on investment of around 18% by 2029, ABN Amro said.

Kathleen McCarthy Baldwin, global real-estate co-head, said she will leave at the end of the year.

The Undercovered Dozen series spotlights 12 lesser-known stocks highlighted in recent Seeking Alpha articles. This week's edition covers articles published between Oct. 31 and Nov. 7, offering fresh investment ideas. The series aims to inspire discussion and help investors discover overlooked opportunities in the market.

The investment giant is selling off a portfolio of about 90 properties, in some cases at more than 70% below their purchase price.

Merck said on Tuesday that it has entered into an agreement to receive funds managed by Blackstone Life Sciences for $700 million to develop an experimental cancer therapy.