Blackstone Infrastructure Partners to invest $3B in Invenergy Renewables

  • Blackstone Infrastructure Partners (NYSE:BX) has announced ~$3B in Invenergy Renewables.
  • Funds managed by Blackstone Infrastructure Partners entered into a definitive agreement with Caisse de dép�t et placement du Québec (CDPQ) and Invenergy for the investment, which is said to be one of the largest renewable investments in North American history.
  • CDPQ and Invenergy management will continue to be majority owners of the company and Invenergy will continue as managing member.
  • Invenergy will use the funds to drive its renewables development activities. It has over 175 projects across four continents totaling nearly 25,000-MW.
  • The company is building both the largest wind and solar projects in the United States, that combined will deliver nearly 3-GW of clean energy by 2023.

    Over the current book year the company from New York City could achieve a revenue around 10.43 billion USD (consensus estimates). This is hugely more than 2021's revenue of 6.1 billion USD.

    Historical revenues and results Blackstone Group Inc plus estimates 2021

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    The analysts expect for 2021 a net profit of 5.49 billion USD. The majority of the analysts expects for this year a profit per share of 4.41 USD. Based on this the price/earnings-ratio is 26.33.

    Huge dividend Blackstone Group Inc

    Per share the analysts expect a dividend of 3.74 USD per share. Blackstone Group Inc 's dividend yield thus equals 3.22 percent. The average dividend yield of the financial companies equals an attractive2.24 percent.

    Blackstone Group Inc 's market capitalization is based on the number of outstanding shares around 77.93 billion USD. 90

    On Friday the stock closed at 116.12 USD.

    Historical stock prices Blackstone Group Inc2007-2021

    stock graphs blackstonegroupinc

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