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.

Download Report

Q: I can't keep all these Brookfield companies straight. If you want some growth with a dividend, for a long term hold, which would you prefer and why?

Read Answer Asked by Graeme on June 13, 2025

Q: What explains the big increase (around 7-8%) of the value of these stocks today? What do you expect for the future and what is best to do (buy, sell or hold)?

Read Answer Asked by Michel on June 10, 2025

Brookfield Renewable Partners L.P. (BEP.UN)

Q: BEP Brookfield renewal property is yielding over 6 per cent at the current unit price and it is trading in a tight range (about $30 to $33) the past few months. I add to my position when it gets near $30 and trim it when it gets near to $34. I think it is a good company to hold for income but what about capital appreciation? This stock used to trade up around $50!! Was that due to the 'green energy hype" of the past? I know that cost of capital is very important to high capital, low margin industries like power production, but BEP should have pretty low cost of capital since it belongs to the Brookefield group of companies, right?? Also I have scoured the company website to try and find out how aggressive BEP depreciates their assets, particularly the wind and solar since solar panels do need to be replaced as do those big blades on the wind turbines. I would like to know if BEP is depreciating these assets quickly enough, but I am not sure where to get that kind of info.

Read Answer Asked by Paul on June 04, 2025