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BEP

Brookfield Renewable Partners L.P.

https://www.bep.brookfield.com

Industry

Renewable Utilities

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources. Its portfolio consists of approximately 21,000 megawatts of installed capacity. 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 headquartered in Hamilton, Bermuda.

Open

25.17

Mkt cap

17B

Volume

320K

High

27.00

P/E Ratio

-40.03

52-wk high

29.56

Low

25.17

Div yield

0.05

52-wk low

19.92

Masdar plans to acquire Saeta Yield from Brookfield Renewable for approximately $1.4 billion. The acquisition includes 745 MW of wind and solar assets in Spain and Portugal, but excludes 350 MW of concentrated solar power assets retained by Brookfield.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 10:57 am

Clean energy jobs in the U.S. grew at twice the rate of overall jobs in 2023, driven by policies and investments in infrastructure and inflation reduction. The solar and wind sectors saw significant job growth, and unionization rates in clean energy surpassed the overall energy sector. Stocks of clean energy companies and related ETFs showed mixed performance.

Portfolio Pulse from Michael Juliano

August 28, 2024 | 2:51 pm

RBC Capital analyst Nelson Ng reiterates an Outperform rating on Brookfield Renewable (NYSE:BEP) and maintains a $31 price target.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:05 pm

Brookfield Renewable (NYSE:BEP) reported Q2 2024 earnings of $0.51 per share, missing the analyst estimate of $0.52. Sales were $1.482 billion, also missing the estimate of $1.566 billion. Despite the misses, sales increased by 22.99% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:57 am

U.S. solar manufacturers are urging the Biden administration to tighten tax credit rules for U.S.-made solar panels. The current 40% U.S. material requirement can be met with less critical components, undermining the goal of reducing reliance on Chinese goods. Solar stocks and related ETFs saw declines in response.

Portfolio Pulse from Michael Juliano

July 17, 2024 | 3:54 pm

JP Morgan analyst Mark Strouse maintains a Neutral rating on Brookfield Renewable (NYSE:BEP) and raises the price target from $28 to $30.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:07 pm

Brookfield Renewable announced the issuance of C$400 million in green bonds, with Series 17 Notes due in 2054 at a 5.417% interest rate and Series 18 Notes due in 2034 at a 4.959% interest rate.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:10 am

Brookfield Asset Management Ltd. (NYSE:BAM) has signed a share purchase agreement to acquire a majority stake in France's Neoen. The deal, valued at EUR 6.1 billion, involves acquiring approximately 53.12% of Neoen's shares at EUR 39.85 per share. Brookfield has also entered into a tender agreement with Bpifrance for an additional 4.36% stake. The acquisition is subject to regulatory approvals, expected by Q4 2024, with a tender offer to follow in Q1 2025. BAM shares are up 0.68% premarket.

Portfolio Pulse from Lekha Gupta

June 25, 2024 | 1:03 pm

Scotiabank analyst Robert Hope maintains a Sector Outperform rating on Brookfield Renewable (NYSE:BEP) and raises the price target from $31 to $32.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 2:22 pm

Brookfield Asset Management Inc (NYSE:BAM), along with its partners, has entered exclusive negotiations to acquire a 53.32% stake in Neoen (OTC:NOSPF) for EUR 39.85 per share. The acquisition price represents a significant premium over recent prices. The deal is expected to close by Q4 2024, with a tender offer to follow in Q1 2025. Brookfield also recently agreed to supply Microsoft Corporation (NASDAQ:MSFT) with over 10,500 megawatts of renewable power.

Portfolio Pulse from Lekha Gupta

May 30, 2024 | 3:39 pm

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