TotalEnergies and KKR (KKR) have agreed to fold an extra 700 MW of U.S. solar capacity into their existing 50/50 joint venture, a move investors may watch closely.
For KKR, this solar JV move lands at a tricky moment for the ticker, with the share price at US$91.51 after a 1-day share price gain of 0.6% but a 30-day share price decline of 9.5% and a year-to-date share price drop of 29%. Over a longer stretch, momentum is mixed, with the 1-year total shareholder return down 23.5% even as the 3-year total shareholder return is up 54.7%. This suggests that recent weakness has followed a strong multi-year run, while investors weigh fresh deals like Gen II Fund Services and energy infrastructure bids against changing perceptions of risk.
See how KKR’s renewable push compares with other potential opportunities by reviewing our curated list of 43 power grid technology and infrastructure stocks in the transition theme.
After a sharp pullback and fresh capital tied up in solar and Gen II, the real decision is simple: Does KKR merit an entry now, or does patience for a cheaper tag make more sense once the dust clears on these moves?
Most Popular Narrative: 8% Overvalued
KKR last closed at $91.51, while the most followed narrative on the stock pegs fair value at $84.45, which points to a modest premium that investors need to weigh against the firm’s renewable and credit exposure.
Desde un enfoque Buffett puro:
KKR empieza a parecer menos un gestor de private equity y más un “compounder de capital permanente”.
Lectura final:
• Valor intrínseco: ~$105 a $120 por acción
• Basado SOLO en negocio recurrente
• Con opcionalidad no valorada
See why 12 investors see KKR as 8% overvalued.
Result: Fair Value of $84.45 (OVERVALUED)
Still, KKR’s heavy footprint in private credit and the complexity of combining asset management with insurance could quickly challenge that fair value story if conditions sour.
Find out about the key risks to this KKR narrative.
Another View on KKR’s Valuation
The fair value of $84.45 comes from a narrative based approach, yet our SWS DCF model paints a different picture. In that framework, KKR at $91.51 screens as overvalued against an estimated future cash flow value of $65.55. That is a wide gap. Which signal do you trust when the story and the math disagree?
Look into how the SWS DCF model arrives at its fair value.
KKR Discounted Cash Flow as at Oct 2026
Next Steps
If this mix of caution and optimism around KKR feels familiar, now is the moment to test the numbers, weigh the narrative, and review the 3 key rewards and 1 important warning sign.
Looking for more KKR investment ideas?
If KKR has sharpened your focus, now is the time to widen your opportunity set and let a structured stock screener surface fresh possibilities for you.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include KKR.
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Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
