Apollo Global's (APO) Funds to Acquire Major U.S. Hydropower Platform; BMO Starts Coverage at "Market Perform"

Third Point Management holds $180,884,250 worth of Apollo Global Management (NYSE:APO) shares, representing 2.37% of its portfolio. The stock is included in our list of Billionaire Dan Loeb’s 10 Stocks with Huge Upside Potential.

Apollo Global Management Inc. (NYSE:APO) announced on October 6, 2025, that its managed funds have agreed to acquire one of the largest independent hydroelectric power platforms in the U.S., Eagle Creek Renewable Energy, which operates 85 facilities across 18 states with a combined capacity of nearly 700 MW, enough to supply power to over 260,000 homes.

With this acquisition, Apollo Global Management Inc. (NYSE:APO) reinforces its focus on scaling energy transition assets amid increasing power demand from data centers and industrial infrastructure. Since 2022, the company has spent roughly $59 billion on energy transition investments.

Meanwhile, on October 3, 2025, analysts from BMO Capital began coverage of Apollo Global Management Inc. (NYSE:APO) with a “Market Perform” rating and a $132 price target. The analysts’ stance reflects the strong private credit capabilities through Athene. However, they warned that elevated earnings expectations may experience pressure as rate cuts approach.

Apollo Global Management Inc. (NYSE:APO), a global alternative asset manager, delivers investment, credit, and retirement solutions across institutional and retail markets globally. It is included in Dan Loeb’s stock portfolio.

While we acknowledge the potential of APO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.