Ares Management Corporation Climbs 131st in Market Activity as Renewable Energy Deal Boosts Shares

Ares Management Corporation (ARES) shares rose 1.22% on March 25, 2025, marking the third consecutive day of gains, with a total increase of 5.63% over the past three days. The trading volume reached 5.88 billion, ranking 131st in the day's market activity.

Ares Management Corporation has significantly expanded its renewable energy portfolio through a strategic partnership with ENGIE. The company has acquired a stake in a 900 MW U.S. solar and storage portfolio from ENGIE North America Inc. This acquisition is part of a broader expansion of their partnership, which now includes nearly 3.7 GW of renewable energy assets. The deal allows ENGIE to retain control over the assets while Ares gains a substantial stake in the growing renewable energy sector.

The partnership between Ares and ENGIE is a testament to the increasing demand for renewable energy solutions. The acquisition of the 900 MW solar and storage portfolio not only diversifies Ares' investment portfolio but also positions the company as a key player in the renewable energy market. This strategic move is expected to drive long-term growth and sustainability for Ares Management Corporation.