Brookfield Renewable: Preferreds Deliver As Stock Tanks
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Brookfield Renewable's Q3-2024 FFO per unit was $0.42, indicating strong growth despite below-average generation. The company projects a 9% annual FFO growth over the next three years. The article discusses the outlook for BEP, BEPC, and three preferred shares.
December 19, 2024 | 5:45 pm
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POSITIVE IMPACT
Brookfield Renewable Partners (BEP) reported a strong Q3-2024 FFO per unit of $0.42, with a positive growth outlook of 9% annually over the next three years.
The strong FFO per unit and positive growth projection suggest a favorable short-term impact on BEP's stock price. The company's ability to grow FFO despite below-average generation indicates resilience and potential for future performance.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Brookfield Renewable Corporation (BEPC) is expected to benefit from the strong FFO growth outlook of 9% annually over the next three years.
BEPC, being closely related to BEP, is likely to experience a positive impact from the projected FFO growth. The strong financial performance of BEP is expected to reflect positively on BEPC as well.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80