Richard Drury/DigitalVision via Getty Images Artificial intelligence continues to drive demand for electricity and those poised to deliver are positioned to capitalize on a once-in-a-lifetime gold rush. In addition to increased demand, AI is instigating a deceleration in gains of energy efficiency causing forward projections around electricity usage to deviate from historical trends. Data centers are one of the most highly impacted segments of this increased demand. Global data center power demand could ...

Blackstone Inc. (NYSE:BX) Bernstein's 40th Annual Strategic Decisions Conference Call May 29, 2024 10:00 AM ET Company Participants Jon Gray - President & Chief Operating Officer Conference Call Participants Patrick Davitt - Autonomous Patrick Davitt Good morning, everyone. Thanks for joining us. My name is Patrick Davitt. I'm the U.S. asset manager analyst here at Autonomous. As a reminder, if you want to submit any questions, you do it online through the Pigeonhole website, and I'll try to work those in a ...

Richard Drury Shares of Blackstone Mortgage Trust (NYSE:BXMT) just hit a fresh 1-year low as the market seems to come to terms with the shock that the mortgage REIT could lower its dividend due to continual loan problems in its portfolio. Blackstone Mortgage Trust's loan problems, especially in the office segment, have been the key reason why the REIT did not support its dividend with distributable earnings in the last quarter. I believe that Blackstone Mortgage Trust is now headed for a dividend cut in the ...

Blackstone is set to grant shares to workers at the businesses it buys, The Wall Street Journal reported.It's set to award stock to employees at Copeland, which it bought last year for $14 billion.Other private equity giants including KKR and Apollo also offer equity to portfolio companies' staff. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while ...

Richard Drury Blackstone Stock Underperformed Blackstone Inc. (NYSE:BX) investors have underperformed the S&P 500 (SPX) (SPY) since BX stock staged a remarkable surge toward its December 2023 highs. While I didn't assess bearish signals on Blackstone stock's fundamental thesis and technical price action, I urged investors to be wary about chasing it further. Accordingly, I downgraded BX stock to a Hold in December 2023 and reiterated my caution on BX in early March 2024. My concerns about BX have panned ...

PM Images Blackstone Secured Lending (NYSE:BXSL) remains a compelling passive income investment for investors that want to secure recurring dividends from a high-quality business development company. A key differentiating parameter for Blackstone Secured Lending is that the business development company has excellent credit quality with a non-accrual ratio of less than 0.1% based on fair value and one of the best dividend coverage ratios I have seen in the market. Though passive income investors have to ...

Fresh off a $1.1 billion equity funding round, artificial intelligence infrastructure startup CoreWeave has raised $7.5 billion in debt so that it can more heavily invest in its cloud data centers.Blackstone's funds led the lending round, with participation from Coatue, Carlyle, BlackRock and others. In its equity financing two weeks ago, CoreWeave was valued at $19 billion.Investors are flocking to CoreWeave, because the 550-person company is one of the main providers of Nvidia's chips for running AI model ...

Marco_BonfantiDear readers, Blackstone Mortgage Trust (NYSE:BXMT) is one of the biggest and most well-knows mortgage REITs (mREITs) out-there. It is a stock which I've covered multiple times here on Seeking Alpha, most recently in February in an article called Too Much Uncertainty. I was relatively bullish on the stock in the first half of 2023 and issued a couple of BUY calls, which have done OK. Over time, however, I have grown increasingly bearish and downgraded the stock to a HOLD due to (1) a gener ...

PeteStuart/iStock via Getty Images Today's article focuses on one of the most talked-about business development companies, Blackstone Secured Lending Fund (NYSE:NYSE:BXSL). The fund, which primarily provides variable-rate first-lien loans and internal credit enhancement, has surged in the past year due to various factors. However, interest rates have been salient to Blackstone Secured Lending Fund's recent performance, meaning the uncertain monetary policy outlook poses a few challenges. Considering the afo ...

pixhook/E+ via Getty Images Investment thesis Blackstone's (NYSE:BX) stock has almost doubled in price in 2023, but 2024 has been bumpy so far, with a notable YTD pullback. My analysis suggests that the pullback is likely to be temporary because fundamentals keep improving, and the company continues demonstrating strong growth in assets under management and raising funds. The company has a rock-solid reputation, and its diverse set of offerings are the two big factors contributing to the trust of clients. T ...