Brookfield Renewable
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 and Brookfield Renewable Corp.
Employees: 4,770
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
81% more capital invested
Capital invested by funds: $2.82B [Q2] → $5.11B (+$2.28B) [Q3]
50% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]
24.27% more ownership
Funds ownership: 39.42% [Q2] → 63.69% (+24.27%) [Q3]
21% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 56
14% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 21
11% more call options, than puts
Call options by funds: $7.1M | Put options by funds: $6.41M
1% more funds holding
Funds holding: 215 [Q2] → 218 (+3) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$30
31%
upside
Avg. target
$32
37%
upside
High target
$34
48%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
JP Morgan Mark Strouse 33% 1-year accuracy 14 / 42 met price target | 31%upside $30 | Overweight Upgraded | 12 Dec 2024 |
CIBC Mark Jarvi 0% 1-year accuracy 0 / 1 met price target | 48%upside $34 | Outperformer Maintained | 22 Oct 2024 |
RBC Capital Nelson Ng 0% 1-year accuracy 0 / 2 met price target | 35%upside $31 | Outperform Reiterated | 9 Oct 2024 |
UBS William Grippin 25% 1-year accuracy 3 / 12 met price target | 35%upside $31 | Buy Upgraded | 30 Sept 2024 |
Financial journalist opinion
Based on 23 articles about BEP published over the past 30 days
Positive
Seeking Alpha
7 hours ago
Worried About Higher For Longer? Sleep Well With This 7%-Yielding Portfolio
The threat of higher inflation and interest rates for longer has sent the market into turmoil. However, high yield investors have nothing to fear from this development. We share a 7%-yielding portfolio that is well-positioned to weather the current macro environment.
Positive
The Motley Fool
9 hours ago
3 Top High-Yield Stocks to Buy Before 2024 Is Over
The dividend yield on the average stock has fallen over the past year due to the surge in the stock market. For example, the S&P 500's dividend yield has declined from 1.6% a year ago to around 1.2% these days, which is near its lowest level in over 20 years.
Neutral
GlobeNewsWire
2 days ago
Brookfield Renewable Announces Closing Date of Reorganization
BROOKFIELD, NEWS, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (“BEP”) (NYSE: BEP; TSX: BEP.UN) and Brookfield Renewable Corporation (“BEPC”) (TSX, NYSE: BEPC) today announced that they have now received all required shareholder, court and regulatory approvals for the previously-announced proposed reorganization of BEPC (the “Arrangement”). Accordingly, the Arrangement will become effective prior to markets open on December 24, 2024.
Neutral
Seeking Alpha
3 days ago
Brookfield Renewable: Preferreds Deliver As Stock Tanks
BEP's Q3-2024 FFO per unit was $0.42, showcasing robust growth despite below-average generation. The outlook is strong, with FFO projected to grow 9% annually over the next 3 years. We give you our outlook for BEP, BEPC and 3 different preferred shares.
Neutral
MarketBeat
3 days ago
Hidden Gems: 2 Green Energy Stocks Fueling the Future
The green energy sector is experiencing rapid expansion, driven by escalating global concerns about climate change, supportive government policies, and continuous technological innovation. This growth presents considerable investment opportunities but also significant challenges.
Positive
Seeking Alpha
3 days ago
A Rare Buying Opportunity
There are numerous macro risks facing stocks as we look ahead to 2025. There are also some exciting developments that could be a powerful tailwind for growth in the coming years. Thanks to a recent sharp pullback in some stocks, there is a rare opportunity to buy undervalued stocks that are relatively immune to major macro risks.
Positive
Seeking Alpha
4 days ago
My Dividend Stock Portfolio: New November Dividend Record - 97 Holdings With 18 Buys
In November, I invested $1,400 primarily in Business Development Companies, boosting my yearly dividend income by $148, with a YTD total exceeding $1,400. My portfolio achieved all-time highs, driven by a strong earnings season and a dovish Fed, with BDCs like Goldman Sachs BDC and Blackstone Secured Lending Fund as key picks. November's dividend income hit a record $620, a 20% Y/Y growth, mainly due to ongoing investments into Hercules Capital.
Positive
The Motley Fool
5 days ago
Want Decades of Passive Income? 3 High Yield Energy Stocks to Buy Right Now
If there's one theme in the energy sector that has gotten plenty of attention over the years, it is the global transition from dirty carbon fuels to cleaner alternatives. It is a very real phenomenon, though it is happening much more slowly than clean energy proponents would like.
Negative
Seeking Alpha
1 week ago
Very Bad News For Utilities Stocks
The utilities sector saw an 18.03% bull run from July to November, driven by falling interest rates and AI demand, but has pulled back 6.38% so far in December. I discuss why the sector is pulling back sharply and what my outlook for it is. I also share how I am investing right now in light of this.
Neutral
GlobeNewsWire
1 week ago
Brookfield Renewable Announces Renewal of Normal Course Issuer Bids
All amounts in US dollars unless otherwise indicated BROOKFIELD, News, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable today announced that the Toronto Stock Exchange (the “TSX”) has accepted notices filed by Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“BEP”) of its intention to renew its normal course issuer bids for its limited partnership units (“LP Units”) and Class A preferred limited partnership units (“Preferred Units”); Brookfield Renewable Corporation (TSX: BEPC; NYSE: BEPC) (“BEPC” and together with BEP, “Brookfield Renewable”) of its intention to renew its normal course issuer bid for its outstanding class A exchangeable subordinate voting shares (“Exchangeable Shares”); and Brookfield Renewable Power Preferred Equity Inc. (“BRP Equity”) of its intention to renew its normal course issuer bid for its outstanding Class A preference shares (“Preferred Shares”).
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