Brookfield Renewable
BEP

$26.24

3.61%

Market Cap: $7.48B

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 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

39% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 18

3% more funds holding

Funds holding: 208 [Q1] → 215 (+7) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

6% less call options, than puts

Call options by funds: $5.43M | Put options by funds: $5.77M

6% less repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 66

26.13% less ownership

Funds ownership: 64.71% [Q1] → 38.58% (-26.13%) [Q2]

36% less capital invested

Capital invested by funds: $4.33B [Q1] → $2.76B (-$1.56B) [Q2]

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$30

14%

upside

Avg. target

$31

16%

upside

High target

$31

18%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

RBC Capital Nelson Ng 100% 1-year accuracy 2 / 2 met price target	18%upside $31	Outperform Reiterated	5 Aug 2024
JP Morgan Mark Strouse 43% 1-year accuracy 22 / 51 met price target	14%upside $30	Neutral Maintained	16 Jul 2024

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Financial journalist opinion

Based on 21 articles about BEP published over the past 30 days

If I Could Only Buy 2 Investments For The Next Year

Between soaring geopolitical risks, macroeconomic uncertainties, and impending Fed rate cuts, the markets are in a period of rapidly shifting dynamics. While I do not tend to invest with a single-year outlook, it is still worth taking current macro factors into account. I share two picks that, I believe, will offer very attractive risk-reward in the current environment.

If I Could Only Buy 2 Investments For The Next Year

Brookfield to Invest Up to $1.1 Billion in Infinium to Scale Ultra-Low Carbon eFuels

New investments secured for Infinium and company's Project Roadrunner production plant to accelerate availability of sustainable aviation fuel SACRAMENTO, Calif. , Sept. 10, 2024 /PRNewswire/ -- Infinium, the world's first producer of commercially available ultra-low carbon eFuels, and Brookfield Asset Management (NYSE: BAM, TSX: BAM) ("Brookfield") today announced a strategic funding partnership to accelerate the growth of Infinium's eFuels platform.

Brookfield to Invest Up to $1.1 Billion in Infinium to Scale Ultra-Low Carbon eFuels

The Motley Fool

3 Top High-Yield Utility Stocks to Buy in September

Brookfield Renewable is a pure play on clean energy with a strong history of dividend growth and a robust yield. Black Hills is a Dividend King with a historically high dividend yield.

3 Top High-Yield Utility Stocks to Buy in September

4 Reasons Brookfield Renewable Partners Has Positive Long-Term Prospects

Brookfield Renewable Partners operates in the high-growth green energy sector, with significant renewable energy assets and promising likelihood for future capacity expansion, supported by favourable policies. What it lacks in past price performance, BEP has more than made up for in total returns, owing to its FFO growth and aim to increase distributions annually. Even though its net loss and higher EV/EBITDA compared to similar stocks can work against it for now, over the longer term it's still an attractive investing opportunity.

4 Reasons Brookfield Renewable Partners Has Positive Long-Term Prospects

How I Would Invest $100,000 For Big Dividends In September 2024

I discuss which areas of the market are most opportunistic for generating high yield income right now. I share some of my top picks within those sectors. I also share how I would deploy $100,000 of new money across those opportunities in September 2024.

How I Would Invest $100,000 For Big Dividends In September 2024

The Motley Fool

2 Top Dividend Stocks I Plan to Buy Even More of This September

Dividend growth stocks have historically produced high total returns. Brookfield Renewable has grown its dividend by at least 5% annually for 13 straight years.

2 Top Dividend Stocks I Plan to Buy Even More of This September

10 Stocks And 5 Funds For A Powerful Dividend Snowball

We share the criteria by which we select dividend stocks. We share 10 stocks that meet these criteria. We also share five funds that provide an alternative path to achieving somewhat similar results with greater diversification and passivity in exchange for lower total return potential.

10 Stocks And 5 Funds For A Powerful Dividend Snowball

The Motley Fool

3 High-Yield Dividend Stocks That Are Screaming Buys in September

Kinder Morgan trades at less than 10 times cash flow. Brookfield Renewable expects to grow its earnings at a more than 10% annual rate through 2028.

3 High-Yield Dividend Stocks That Are Screaming Buys in September

Buy The Dip: Big Dividends Getting Way Too Cheap

Dividend stocks have rebounded sharply recently. However, some high-quality high-yield stocks remain market laggards. We share some of our top picks of the moment.

Buy The Dip: Big Dividends Getting Way Too Cheap

The Motley Fool

3 Can't-Miss Dividend Stocks to Buy Hand Over Fist This September

Brookfield Renewable has a high yield, a history of dividend growth, and a long runway for business expansion. Williams has been a reliable dividend stock over the decades.

3 Can't-Miss Dividend Stocks to Buy Hand Over Fist This September

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