Apollo Stock (APO) Skyrockets as It Targets $5.6B Acquisition of World’s Largest Offshore Wind Farm

Wall Street's latest power play sends Apollo shares soaring toward record territory.

The Green Energy Gambit

Apollo Global Management just placed a massive bet on renewable infrastructure—and investors are rushing to back the $5.6 billion wager. The alternative asset manager's pursuit of the planet's biggest offshore wind farm project signals a strategic pivot that's electrifying markets.

Turbine-Sized Returns

While traditional energy plays sputter, Apollo's wind farm acquisition represents the kind of forward-thinking move that separates hedge fund titans from mere mortals. The deal structure leverages Apollo's signature financial engineering—because why simply invest in green energy when you can financialize every gust of wind?

Market Tsunami

Traders piled into APO shares the moment rumors hit the tape. The stock's vertical ascent suggests Wall Street finally found an ESG play it actually understands: buying existing infrastructure assets rather than funding unproven technology. Nothing gets financiers more excited than predictable cash flows wrapped in environmental virtue.

Because nothing says 'saving the planet' like levering up a wind farm to extract maximum carried interest. Apollo's move proves once again that in finance, the greenest color will always be greenbacks.

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Wind Blows

As reported by the Financial Times, Orsted is negotiating the sale of the stake valued at $5.6 billion in its wind power project Hornsea 3. It will be the world’s single largest offshore wind farm with a capacity of 2,955 MW when it begins operating in 2027.

It launched the sales process at the end of last year and in August it announced that it had selected a preferred bidder – however it did not name the company at the time.

Hornsea 3 is one of eight offshore wind farms that Ørsted is working to complete worldwide, but the company has faced rising costs, supply chain challenges, and in the U.S. political decisions impacting its progress.

Indeed, President Trump’s preference for ‘Drill, baby, drill’ fossil fuels such as oil and gas over renewable energy has led to action such as a stop-work order on Orsted’s Rhode Island Revolution Wind offshore wind project in August. That order has since been lifted.

Orsted is currently trying to raise around $9.4 billion in a rights issue. It was needed after U.S. President Donald Trump’s anti-offshore wind strategies left it unable to sell a stake in its 924MW New York Sunrise offshore wind farm.

Government Subsidies

The U.K. offers a friendlier environment for renewable energy developers including government investment and other forms of financial support.

The potential MOVE underscores Apollo’s strategic pivot toward renewable energy and also highlights a broader trend of PE firms capitalizing on the global energy transition.

Apollo has committed $40 billion to climate-related investments since 2020 with recent partnerships like its $3 billion collaboration with bank Standard Chartered to finance global infrastructure and clean energy projects.

It has also established a new joint venture with energy firm RWE to help fund grid infrastructure expansion in Germany.

A deal WOULD be a further boost to its improving assets under management numbers – see below:

There may also be opportunities for M&A in the U.S. energy sector as Trump’s policies drive consolidation. Clean energy deals surged to 63 with a combined value of around $34 billion in the first half of 2025, according to KPMG, versus roughly 57 deals worth about $7 billion in the second half of 2024.

Is APO a Good Stock to Buy Now?

On TipRanks, APO has a Strong Buy consensus based on 11 Buy and 1 Hold ratings. Its highest price target is $174. APO stock’s consensus price target is $165.73, implying a 19.84% upside.