What Happened To Brookfield Renewable Partners Stock Tuesday?
Portfolio Pulse from Ryan Gustafson
Brookfield Renewable Partners (BEP) announced plans to acquire Duke Energy Renewables for $1.05 billion in equity proceeds and a $650 million equity offering. Mizuho analyst Anthony Crowdell maintained a Neutral rating and raised the price target from $31 to $32.
June 13, 2023 | 8:19 pm
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Brookfield Renewable Partners (BEP) plans to acquire Duke Energy Renewables for $1.05 billion and announced a $650 million equity offering. Analyst maintains Neutral rating and raises price target.
The acquisition of Duke Energy Renewables and the equity offering announcement are significant events for Brookfield Renewable Partners. However, the analyst's Neutral rating and only a slight increase in the price target suggest that the short-term impact on the stock price may be limited.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100