Review of Brookfield Renewable Partners

JUN 13, 2024 - Brookfield Renewable Partners L.P (BEP.UN) is a globally diversified, multi-technology, owner and operator of clean energy and sustainable solutions assets. BEP.UN is one of the largest pure play renewables companies in the world. The whole renewables and utilities industry has been suppressed in recent years due to the high and rising rate environment. Looking forward, renewables not only have positive economic catalysts, but also secular tailwinds on the back of electrification and digitization. The outlook is starting to look more positive going forward for BEP.UN, especially if a rating cutting cycle begins in 2024. We are maintaining our rating of a B+ as we would prefer to confirm the stock has bottomed, and as the high debt may still be a near term headwind.

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Q: BEP.UN is now down close to my ACB and have owned it off and on since it IPO'd in various accounts. Knew it quite well before it became public. Now is 2.5% of total portfolio in my Non-reg account and last took profits in 2021 at its over bought height.. Thinking of selling it with very small gain and switching to BEPC which would bring with it the DTC but add to the claw back on my OAS. But it would also get rid of one entry on the 1135 form filing. Anything else you see I am missing?

Read Answer Asked by William Ross on January 21, 2025

Q: Hello Team,

I currently do not have any pure dividend stocks and I'm looking at purchasing one to start. I did a bit of research and came up with the above list, are you able to rank them in order plus add your 2 favorites into the list (if they are not already included). Looking at a minimum of a 6% yield with the possibility of say a 30% return over the next 3-5 years. (setting my goals high). Thanks!

Read Answer Asked by Kevin on January 21, 2025

Q: I am interested in the divergence in performance between BN and its associated companies including BEP.UN. I own BEP.UN and BIP.UN both of which have a history of strongly outperforming BN. More recently they have fallen off while BN has fluorished. Can you comment and what would be your advice on switching some holdings into BN?
Thanks

Read Answer Asked by richard on January 20, 2025