News about Brookfield

Brookfield is targeting a large AI data center in northern England, as Europe races to build infrastructure for AI amid high energy and land costs. Drax Group said it signed an agreement with Brookfield and its neocloud platform Radiant to jointly develop the facility on the Drax Power Station estate in North Yorkshire. The initial phase targets up to 100 MW of capacity from Q1 2028, with another 500 MW coming online between 2028 and 2031, and the project later aims to secure over 1 gigawatt at the site by an unspecified date. Brookfield estimates total investment, including semiconductors, could exceed £20 billion ($26.8 billion), with an initial £2.5 billion in phase 1. Drax shares rose 8.2% in early trading in London.

The author bought another 50 shares of Brookfield Corporation (BN), which trades around $38, and believes it could reach $75 by 2031. The article cites growth from asset management, wealth solutions and operating businesses, with distributable earnings before realizations of about $5.7 billion over the past 12 months and a company target of $11.6 billion by 2031. The $75 estimate assumes DE per share rising to $4.90 by 2031 and a valuation of 15.3 times earnings, versus 16.8 times at the current price. Risks include heavy exposure to the AI infrastructure build-out and a private credit platform that has faced difficulties in recent years.

Bloom Energy (BE) shares fell more than 12% after its third-quarter report, even though revenue rose 138% year over year to a record $1.2 billion and adjusted operating margin climbed to 23.1% from 8.9%. Management raised its 2026 revenue outlook to $4.5 billion, about 122% growth, for the third time this year. Negative free cash flow of $181 million in the quarter may have concerned investors, though the company spent $153 million to scale capacity. Brookfield Asset Management expanded its financing deal with Bloom from $5 billion to $25 billion, and the stock was down 30% in one month as of writing.