Brookfield Renewable
BEP

$24.30

2.45%

Market Cap: $6.93B

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 6,686 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

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

47% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 17

4% more funds holding

Funds holding: 208 [Q1] → 216 (+8) [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

7% less repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 67

26.07% less ownership

Funds ownership: 64.71% [Q1] → 38.63% (-26.07%) [Q2]

36% less capital invested

Capital invested by funds: $4.33B [Q1] → $2.77B (-$1.56B) [Q2]

See Fund Rankings

Research analyst outlook

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

Low target

$30

23%

upside

Avg. target

$31

28%

upside

High target

$32

32%

upside

3 analyst ratings

2 positive

67%

1 neutral

33%

0 negative

0%

RBC Capital Nelson Ng 100% 1-year accuracy 2 / 2 met price target	28%upside $31	Outperform Reiterated	5 Aug 2024
JP Morgan Mark Strouse 51% 1-year accuracy 28 / 55 met price target	23%upside $30	Neutral Maintained	16 Jul 2024
Scotiabank Robert Hope 20% 1-year accuracy 1 / 5 met price target	32%upside $32	Sector Outperform Maintained	12 Jun 2024

See Analyst Rankings

Financial journalist opinion

Based on 20 articles about BEP published over the past 30 days

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

My Dividend Stock Portfolio: New July Dividend Record - 101 Holdings With 24 Buys

Investment activity in July focused on Business Development Companies, with $2,000 added to the market. Adjusted dividend income in July of $709, up 19% Y/Y and down 4% sequentially. Main picks included Blackstone Secured Lending, Ares Capital and Owl Rock Capital.

My Dividend Stock Portfolio: New July Dividend Record - 101 Holdings With 24 Buys

Brookfield Renewable: A Buy Despite Earnings Noise

Despite a stagnant share price and negative earnings, Brookfield Renewable is positioned to lead in the global renewable energy market. My bull case rests on the company's strong FFO growth, commitment to expansion, and anticipated benefits from falling interest rates. With an adjusted NAV per share of $51.55, I believe the company offers a compelling buy opportunity in contrast to others' Sell ratings.

Brookfield Renewable: A Buy Despite Earnings Noise

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