Brookfield Renewable Partners (BEP) Stock Price, News & Analysis

Company Overview

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation. Brookfield Renewable Partners Limited operates as the general partner of Brookfield Renewable Partners L.P. The company was formerly known as Brookfield Renewable Energy Partners L.P. and changed its name to Brookfield Renewable Partners L.P. in May 2016. Brookfield Renewable Partners L.P. was founded in 1999 and is based in Toronto, Canada. Brookfield Renewable Partners L.P operates as a subsidiary of Brookfield Corporation.

Key Stats

• Today's Range: $24.85 to $25.25
• 50-Day Range: $24.93 to $28.89
• 52-Week Range: $19.92 to $29.56
• Volume: 34,010 shs
• Average Volume: 476,393 shs
• Market Capitalization: $7.17 billion
• P/E Ratio: N/A
• Dividend Yield: 5.64%
• Price Target: $31.78
• Consensus Rating: Buy

Brookfield Renewable Partners Stock Analysis - MarketRank™

Brookfield Renewable Partners scored higher than 80% of companies evaluated by MarketBeat, and ranked 37th out of 94 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Brookfield Renewable Partners has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Brookfield Renewable Partners has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Brookfield Renewable Partners are expected to grow in the coming year, from ($0.57) to ($0.36) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Brookfield Renewable Partners is -30.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Brookfield Renewable Partners is -30.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Brookfield Renewable Partners has a P/B Ratio of 0.25. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.46% of the outstanding shares of Brookfield Renewable Partners have been sold short.

Short Interest Ratio / Days to Cover

Brookfield Renewable Partners has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Brookfield Renewable Partners has recently decreased by 23.98%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Brookfield Renewable Partners is a leading dividend payer. It pays a dividend yield of 5.64%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Brookfield Renewable Partners does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.46% of the outstanding shares of Brookfield Renewable Partners have been sold short.

Short Interest Ratio / Days to Cover

Brookfield Renewable Partners has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Brookfield Renewable Partners has recently decreased by 23.98%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.05

News Sentiment

Brookfield Renewable Partners has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Brookfield Renewable Partners this week, compared to 5 articles on an average week.

Search Interest

Only 18 people have searched for BEP on MarketBeat in the last 30 days. This is a decrease of -49% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Brookfield Renewable Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -63% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Brookfield Renewable Partners insiders have not sold or bought any company stock.

Percentage Held by Institutions

63.16% of the stock of Brookfield Renewable Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BEP Stock Analysis - Frequently Asked Questions

How have BEP shares performed this year?

Brookfield Renewable Partners' stock was trading at $26.28 at the start of the year. Since then, BEP shares have decreased by 4.9% and is now trading at $24.98.
View the best growth stocks for 2024 here.

How were Brookfield Renewable Partners' earnings last quarter?

Brookfield Renewable Partners L.P. (NYSE:BEP) posted its quarterly earnings data on Friday, November, 8th. The utilities provider reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by $0.28. The utilities provider had revenue of $1.47 billion for the quarter, compared to analyst estimates of $843.18 million. Brookfield Renewable Partners had a trailing twelve-month return on equity of 0.24% and a net margin of 1.16%.

When did Brookfield Renewable Partners' stock split?

Brookfield Renewable Partners's stock split on the morning of Monday, December 14th 2020. The 3-2 split was announced on Wednesday, November 4th 2020. The newly issued shares were distributed to shareholders after the closing bell on Friday, December 11th 2020. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

Who are Brookfield Renewable Partners' major shareholders?

Top institutional investors of Brookfield Renewable Partners include Principal Financial Group Inc. (2.67%), CIBC Asset Management Inc (2.40%), Bank of Montreal Can (2.37%) and FMR LLC (1.54%).

How do I buy shares of Brookfield Renewable Partners?

Shares of BEP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Brookfield Renewable Partners own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Brookfield Renewable Partners investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), General Electric (GE), AbbVie (ABBV) and Adobe (ADBE).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 8/30/2024
• Dividend Payable: 9/27/2024
• Last Earnings: 11/08/2024
• Today: 11/21/2024
• Ex-Dividend for 12/31 Dividend: 11/29/2024
• Dividend Payable: 12/31/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/07/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric services
• Sub-Industry: Utilities
• Current Symbol: NYSE:BEP
• Previous Symbol: TSE:BEP
• CUSIP: N/A
• CIK: 1533232
• Web: www.bep.brookfield.com
• Phone: (441) 294-3304
• Fax: 441-296-4475
• Employees: 4,770
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $31.78
• High Stock Price Target: $34.00
• Low Stock Price Target: $29.00
• Potential Upside/Downside: +26.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.82)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-21,000,000.00
• Net Margins: 1.16%
• Pretax Margin: -0.36%
• Return on Equity: 0.24%
• Return on Assets: 0.09%

Debt

• Debt-to-Equity Ratio: 0.93
• Current Ratio: 0.73
• Quick Ratio: 0.73

Sales & Book Value

• Annual Sales: $5.04 billion
• Price / Sales: 1.42
• Cash Flow: $8.53 per share
• Price / Cash Flow: 2.95
• Book Value: $95.82 per share
• Price / Book: 0.26

Miscellaneous

• Outstanding Shares: 285,110,000
• Free Float: N/A
• Market Cap: $7.17 billion
• Optionable: Optionable
• Beta: 0.95