Brookfield Renewable
BEP

$24.27

0.66%

Market Cap: 6.94B

About: Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company's portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals over 20 gigawatts of installed capacity. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation.

Employees: 4,770

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 4 analysts

0

News positive %

of 26 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

1.5% more ownership

Funds ownership: 62.56% [Q4 2023] → 64.06% (+1.5%) [Q1 2024]

4% less call options, than puts

Call options by funds: $6.45M | Put options by funds: $6.68M

8% less repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 65

3% less funds holding

Funds holding: 211 [Q4 2023] → 205 (-6) [Q1 2024]

10% less capital invested

Capital invested by funds: $4.75B [Q4 2023] → $4.29B (-$468M) [Q1 2024]

19% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 31

33% less funds holding in top 10

Funds holding in top 10: 3 [Q4 2023] → 2 (-1) [Q1 2024]

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$28

15%

upside

Avg. target

$30

25%

upside

High target

$32

32%

upside

4 analyst ratings

2 positive

50%

2 neutral

50%

0 negative

0%

JP Morgan Mark Strouse	24%upside $30	Neutral Maintained	16 Jul 2024
Scotiabank Robert Hope	32%upside $32	Sector Outperform Maintained	12 Jun 2024
Scotiabank Robert Hope	28%upside $31	Sector Outperform Maintained	6 May 2024
JP Morgan Mark Strouse	15%upside $28	Neutral Downgraded	12 Feb 2024

See Analyst Rankings

Financial journalist opinion

Based on 26 articles about BEP published over the past 30 days

My Dividend Stock Portfolio: New June Dividend Record - 101 Holdings With 22 Buys

Investment activity remained high in June, focusing on BDCs aiming to increase dividend income by at least $100 each month. Adjusted dividend income in June is up 27% Y/Y and 5% vs the previous quarter. Main portfolio picks included Ares Capital, Hercules Capital, Goldman Sachs BDC, and MidCap Financial Investment Corporation.

My Dividend Stock Portfolio: New June Dividend Record - 101 Holdings With 22 Buys

Brookfield Renewable: Another Switch May Be Justified

We had previously downgraded the common units and given a nod to the preferred shares. The trade produced a 22% alpha in less than 3 months. We tell you why we are now going the other way.

Brookfield Renewable: Another Switch May Be Justified

Brookfield Renewable Partners: Too Cheap To Ignore, Buy The Dip

Pullback opportunities in stock market provide second chances for investors. One such example is Brookfield Renewable Partners, which offers stable revenue streams and global demand for renewable energy. Recent dip in BEP stock price to $24.06 presents a buying opportunity with 5.9% yield, strong financials, and growth potential.

Brookfield Renewable Partners: Too Cheap To Ignore, Buy The Dip

The Motley Fool

3 No-Brainer Stocks to Buy and Hold for the Rest of 2024 and Beyond

Brookfield Renewable has a strong parent, and the clean energy shift is going to take decades. Falling rates will add to Clearway Energy's upside catalysts.

3 No-Brainer Stocks to Buy and Hold for the Rest of 2024 and Beyond

The Motley Fool

3 No-Brainer High-Yield Stocks to Buy With $1,000 Right Now

Enbridge is a midstream giant with a 29-year streak of annual dividend increases behind it and a 7.4% yield. WEC Energy is a boring utility stock, but its 4.1% yield is at the high end of the range over the past decade.

3 No-Brainer High-Yield Stocks to Buy With $1,000 Right Now

4 Surprising Stocks I'm Buying In Anticipation Of A Republican Sweep

Lots of things are happening all at once: economic weakening, rising odds of Fed rate cuts, and political chaos.US manufacturing output and employment increased until the 2018 tariffs took effect.

4 Surprising Stocks I'm Buying In Anticipation Of A Republican Sweep

CNBC Television

Demand for power is tremendous as AI capabilities grow, says Brookfield Asset Management's Teskey

Connor Teskey, Brookfield Asset Management president, joins 'Squawk on the Street' to discuss his thoughts on CrowdStrike's outages, the growing need for increased electricity usage, and much more.

Demand for power is tremendous as AI capabilities grow, says Brookfield Asset Management's Teskey

Brookfield Renewable Announces Results of Conversion Privilege of Series 3 Preference Shares

BROOKFIELD, NEWS, July 17, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable”) today announced that after having taken into account all election notices received by the July 16, 2024 deadline for conversion of Brookfield Renewable Power Preferred Equity Inc.'s (“BRP Equity”) currently outstanding Class A Preference Shares, Series 3 (the “Series 3 Shares”) (TSX: BRF.PR.C) into Class A Preference Shares, Series 4 (the “Series 4 Shares”), no Series 3 Shares will be converted into Series 4 Shares.

Brookfield Renewable Announces Results of Conversion Privilege of Series 3 Preference Shares

The Motley Fool

1 Magnificent High Yield Stock Down 50% to Buy and Hold Forever

Brookfield Renewable is positioned to grow along with demand for clean energy. The company has been punished by investors as the hype around clean energy has subsided.

1 Magnificent High Yield Stock Down 50% to Buy and Hold Forever

Brookfield Renewable to Issue C$400 Million of Green Bonds

BROOKFIELD, NEWS, July 15, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) (“Brookfield Renewable”) today announced that it has agreed to issue C$400 million aggregate principal amount of medium-term notes (the “Notes”), comprised of C$100 million aggregate principal amount of Series 17 Notes (the “Series 17 Notes”), due January 10, 2054, with an effective interest rate1 of 5.417% and C$300 million aggregate principal amount of Series 18 Notes (the “Series 18 Notes”), due October 20, 2034, which will bear interest at a rate of 4.959% per annum.

Brookfield Renewable to Issue C$400 Million of Green Bonds

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