KKR & Co. Inc. (NYSE:KKR) shares are up during Wednesday’s premarket session.
KKR on Tuesday announced it will invest up to $310 million in Allfleet India and PMI Electro Mobility Solutions to scale electric bus operations and manufacturing in India. KKR will take a majority stake in Allfleet and a minority stake in PMI Electro, marking its first Global Climate Transition investment in the country.
Allfleet, launched in 2022, is on track to deploy more than 5,000 e-buses across Indian cities under long-term government contracts. The investment aims to accelerate clean public transport as India pushes toward decarbonization.
The deal is expected to close in mid-2026, pending regulatory approvals.
Technical Analysis
The stock is currently trading 2.6% below its 20-day simple moving average (SMA) and 16.0% below its 100-day SMA, indicating some short-term weakness. Shares have decreased 21.97% over the past 12 months and are positioned closer to their 52-week lows than highs, reflecting a challenging longer-term trend.
The RSI is at 39.23, which is considered neutral territory, while the MACD shows a value of -5.7009, with the signal line at -6.1119, indicating bullish momentum as the MACD is above the signal line. The combination of neutral RSI and bullish MACD suggests mixed momentum for the stock.
- Key Resistance: $92.50
- Key Support: $82.50
Earnings & Analyst Outlook
KKR is slated to provide its next financial update on April 30, 2026 (estimated).
- EPS Estimate: $1.37 (Up from $1.15)
- Revenue Estimate: $1.97 billion (Up from $1.77 billion)
- Valuation: P/E of 38.0x (Indicates premium valuation)
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $149.06. Recent analyst moves include:
- Barclays: Overweight (Lowers Target to $127.00) (Mar. 2)
- RBC Capital: Initiated with Outperform (Target $137.00) (Feb. 24)
- UBS: Buy (Lowers Target to $125.00) (Feb. 20)
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for KKR, highlighting its strengths and weaknesses compared to the broader market:
- Value: 67.81 — The stock is trading at a premium relative to its peers.
- Momentum: 7.76 — Indicates weak performance relative to the market.
The Verdict: KKR’s Benzinga Edge signal reveals a mixed profile, with a strong value ranking but weak momentum, suggesting a potential for recovery if market conditions improve. Investors should watch for developments in the electric mobility sector and KKR’s strategic initiatives as indicators of future performance.
Top ETF Exposure
- Akre Focus ETF (NYSE:AKRE): 8.68% Weight
- VanEck Alternative Asset Manager ETF (NYSE:GPZ): 9.25% Weight
- FM Focus Equity ETF (NYSE:FMCX): 5.43% Weight
KKR Price Action: KKR shares were up 1.28% at $90.11 during premarket trading on Wednesday, according to Benzinga Pro data.
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