Brookfield RenewableBEP
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
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]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
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 |
Financial journalist opinion
Based on 20 articles about BEP published over the past 30 days