🟢 Ares Management is trading 4.23% up in after-hours trading after 80% stake acquisition in California solar-and-storage portfolio

Ares Management is trading 4.23% up at $130.00 in after-hours trading after an infrastructure fund acquired an 80% stake in a 384 MW California solar-and-storage portfolio from EDPR.

• The announcement was published at 19:37 on September 22, 2026.
• The portfolio includes 200 MW of solar and 184 MW of battery storage, with an estimated total enterprise value of approximately $0.8 billion.
• The transaction provides long-term contracted revenue through 20-year power and capacity agreements.