Barclays Maintains Equal-Weight on Brookfield Renewable, Raises Price Target to $30

BlackRock Wants 5% to 20% of Your Target-Date Fund in Private Assets

BlackRock is launching target-date mutual funds through Great Gray Trust that will allocate 5-20% of assets to private investments, offering 401(k) plan participants exposure to privately held businesses. The move aims to provide better diversification and potentially higher returns (about 50 basis points annually more than stocks) as the stock market becomes increasingly concentrated in large-cap and technology stocks.

Reported Earlier, Brookfield Renewable To Issue C$750M Green Bonds, Comprising C$400M Series 21 Notes At 4.949% And C$350M Series 22 Notes At 4.256%

Elon Musk Says AI Needs More Power Than the Grid Can Handle. Is He Right?

Elon Musk warns that AI's power demands exceed current grid capacity, prompting him to build off-grid power solutions including natural gas plants and solar. States like New York and Texas have slowed AI data center construction due to electrical demands. This creates investment opportunities in companies providing alternative power solutions for data centers.

Brookfield Renewable Q2 EPS $(0.37) Beats $(0.39) Estimate, Sales $1.710B Miss $1.823B Estimate