Goldman Sachs Group Inc Stock Price, News & Analysis

ClearGen, backed by Blackstone Credit's Sustainable Resources Platform, announced a significant investment in a portfolio of interests across 25 wind farms, totaling 1.4 GW of generation capacity in the U.S. Goldman Sachs' Asset Management provided tax equity for this acquisition from MUFG. ClearGen’s CEO expressed enthusiasm for enhancing their renewable energy portfolio, emphasizing the strategic partnership’s role. Goldman Sachs highlighted its longstanding commitment to renewable energy investment. The transaction aims to bolster sustainable energy efforts and support energy transition initiatives.

Goldman Sachs BDC reported its Q3 2022 results, with net investment income per share at $0.60, adjusted to $0.56 when excluding purchase discount amortization. Despite a total investment income increase to $95.2 million, earnings per share fell to $(0.07). The net asset value per share decreased by 3.3% to $15.02, and the debt-to-equity ratio rose to 1.34x. The Board declared a quarterly dividend of $0.45 per share.

Net originations reached $205.3 million, with a portfolio valued at $4.054 billion, primarily in senior secured debt.

Advent International has appointed Heather Kennedy Miner as Managing Director and Chief Operating Officer, effective January 1, 2023. Miner brings extensive experience from Goldman Sachs, where she held senior roles, including Partner and COO of Asset Management, overseeing $2.4 trillion. Advent's recent fundraising success with $25 billion in new capital for its flagship fund, GPE X, positions the firm for strategic growth. Advent, established in 1984, currently manages $96 billion in assets across various sectors.

GridStor has announced the acquisition of a development portfolio of battery storage projects in the Los Angeles area from Upstream Energy. The projects will provide over 500 MW / 2,000 MWh of capacity, enough to power 375,000 California homes. These projects, planned to go online between 2024 and 2026, are crucial for California’s goal of a carbon-free electricity system by 2045. GridStor aims to enhance grid reliability, integrate renewable energy, and support local clean energy initiatives while creating construction jobs.

The Goldman Sachs Group, Inc. (NYSE: GS) has appointed Kevin R. Johnson as an independent director, effective October 26, 2022. Johnson, the former President and CEO of Starbucks, brings extensive experience in leadership and global brand management. He will also be part of the Governance, Compensation, and Risk Committees. His previous roles include CEO of Juniper Networks and senior positions at Microsoft. The Board anticipates benefiting from Johnson's insights on consumer leadership, technology, and international business.

Goldman Sachs (NYSE:GS) has recognized Deepak Garg, CEO of SEW, as one of the Most Exceptional Entrepreneurs of 2022 during its Builders and Innovators Summit held in Healdsburg, California. SEW, which has expanded to over 1,150 employees in 37 countries, focuses on providing digital platforms for customer experience, workforce experience, and intelligent analytics in energy and water sectors. Garg emphasized SEW's commitment to sustainability and innovation, highlighting the award's significance as a motivation for continued growth.

On October 20, 2022, Qontigo announced an expanded partnership with Goldman Sachs Group (NYSE: GS) to enhance investment analytics solutions. Qontigo will now integrate its Axioma Portfolio Optimizer and Equity Factor Risk Models into Goldman Sachs' Financial Cloud for Data and Marquee platform, providing institutional clients with improved portfolio management tools. This collaboration aims to enable clients to better assess risk, optimize strategies, and make informed investment decisions, leveraging advanced analytics to drive performance.