Brookfield Corporation: Growth At A Price, Shares No Longer A Bargain

Summary

• Brookfield reported solid distributable earnings and highlighted a pivot toward using insurance float to finance investments, inspired by the Berkshire Hathaway model.
• The company is deepening exposure to AI data centers and battery storage, with global projects positioning it as a major player in energy transition infrastructure.
• While fundamentals remain strong, the stock has significantly outpaced its intrinsic value growth, leading to a reassessment from “undervalued” to “Hold”.
• With leverage, macro sensitivity, and new ventures in insurance, Brookfield Corporation faces elevated risks in a high-priced market.