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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.

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Microsoft Corp, Brookfield Asset Management Ltd, and Brookfield Renewable Partners LP have entered a five-year global renewable energy agreement to deliver over 10.5 gigawatts of new renewable energy capacity between 2026 and 2030, mainly in the U.S. and Europe, with potential expansion to other regions. This move, costing over $10 billion, aims to support Microsoft's cloud services demand and grid decarbonization, setting a new record for corporate renewable electricity purchases. Microsoft's commitment to match its electricity consumption with zero-carbon energy by 2030 is reinforced by this agreement.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 3:49 pm

Brookfield Asset Management, Brookfield Renewable, and Microsoft have signed a global renewable energy framework agreement. This partnership aims to support Microsoft's objective of sourcing 100% of its electricity consumption from renewable energy sources. The collaboration underscores the commitment of all parties to sustainability and renewable energy initiatives.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:34 am

Brookfield Renewable (NYSE:BEP) reported its Q4 2023 earnings with a Funds From Operations (FFO) of $0.38 per share, meeting the analyst consensus estimate. Additionally, the company reported a Normalized FFO of $0.48 per share.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 12:01 pm

Earnings reports for February 2, 2024, include major companies across various sectors. Expectations include a mix of profits and losses, with significant revenues projected for companies like Exxon Mobil and Chevron. The diversity of sectors reporting may provide insights into broader economic trends.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 10:28 am

Brookfield Renewable (NYSE:BEP) is scheduled to release its quarterly earnings report on February 2, 2024, with analysts expecting an EPS of $-0.04. The company's past earnings performance shows a mix of misses and beats against estimates, with varying impacts on its stock price. Shares have declined by 6.37% over the last 52 weeks, indicating potential concern among long-term shareholders ahead of the earnings announcement.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 3:00 pm

Brookfield Renewable plans to issue C$400M in Medium-Term Notes Series 17 at an annual interest rate of 5.318%. The notes will be issued under a base shelf prospectus dated September 8, 2023, and related supplements to be dated January 8, 2024. The expected closing date is on or about January 10, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:19 am

UBS analyst William Grippin downgraded Brookfield Renewable (NYSE:BEP) from Buy to Neutral and reduced the price target from $34 to $25.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 3:38 pm

Utility stocks are experiencing an uptick as Treasury yields fall in response to October's CPI data, which was less aggressive than anticipated, suggesting a potential easing of inflation concerns.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:40 pm

RBC Capital analyst Nelson Ng has reinstated coverage on Brookfield Renewable (NYSE:BEP) with an Outperform rating and set a price target of $29.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 10:47 am

Brookfield Renewable reported Q3 FFO of $0.38, unchanged from the same period last year. The company's revenues were $1.179 billion, beating estimates of $987 million.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 11:20 am

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