TotalEnergies and KKR Expand U.S. Renewable JV by 700 MW, TTE Stock Reacts

gurufocus.com · 2026-10-12

On October 12, 2026, TotalEnergies SE (NYSE: TTE) announced a $1.2 billion expansion of its U.S. renewable energy joint venture with KKR, adding 700 MW of solar

TickrTrends take: KKR's expansion of its renewable energy joint venture with TotalEnergies demonstrates the firm's continued capital deployment in the energy transition sector, an area that has attracted significant institutional investment flows. TickrTrends' current undervalued assessment suggests the market may not be fully pricing in the strategic value of KKR's growing renewable infrastructure portfolio alongside its traditional financial services operations. Investors focused on valuation metrics should monitor how this renewable energy expansion affects KKR's earnings power and return on invested capital going forward.

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