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
{tplLang.details | toLang tLang}
{tplLang.industryclassifications | toLang tLang}
{tplLang.toolname| toLang tLang}
-
Brookfield Renewable Partners L.P. (BEP.UN $35.07)
- $35.07 Cap: $22.87B
- View BEP.UN Profile
- View Questions on BEP.UN
- View Reports on BEP.UN
-
Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC $55.96)
- $55.96 Cap: $7.37B
- View BIPC Profile
- View Questions on BIPC
-
Brookfield Renewable Corporation Class A Subordinate (BEPC $33.33)
- $33.33 Cap: $12.28B
- View BEPC Profile
- View Questions on BEPC
-
Brookfield Corporation Class A Limited (BN $63.87)
- $63.87 Fwd P/E: 225.72X Cap: $104.05B
- View BN Profile
- View Questions on BN
I'm happy to keep my capital invested in the Brookfield empire, but it feels inefficient and not thought out the way it sits in my portfolio, almost like a series of afterthoughts.
The breakdown of the three (as a % of their cumulative totals in my portfolio)
BN = 57%
BEPC = 8%
BEP.UN = 35%
(Ignoring the whole tax schmozzle with reg vs NR accounts),
Would you recommend any changes? That could include adding another Brookfield entity as a possibility.
-
Brookfield Renewable Partners L.P. (BEP.UN $35.07)
- $35.07 Cap: $22.87B
- View BEP.UN Profile
- View Questions on BEP.UN
- View Reports on BEP.UN
What do you see as future growth potential?
-
Brookfield Renewable Partners L.P. (BEP.UN $35.07)
- $35.07 Cap: $22.87B
- View BEP.UN Profile
- View Questions on BEP.UN
- View Reports on BEP.UN
-
Brookfield Infrastructure Partners L.P. (BIP.UN $44.42)
- $44.42 Fwd P/E: 540.09X Cap: $28.99B
- View BIP.UN Profile
- View Questions on BIP.UN
-
Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC $45.66)
- $45.66 Cap: $16.81B
- View BEPC Profile
- View Questions on BEPC
-
Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $78.09)
- $78.09 Fwd P/E: 40.44X Cap: $123.87B
- View BAM Profile
- View Questions on BAM