Q: I was surprised to see a decrease in revenue for Brookfield Renewable considering the industry in which they operate and the inflationary environment. Can you please explain the cause and your thoughts on revenue growth going forward. Regards,
5i Research Answer:
Revenue of $934M in the 3Q did rise 4.2% from last year, but was short of estimates. Often, revenue variability is due to water level and power generation issues, and can be influenced by rain (also solar). Thus, most analysts focus on cash generation over revenue. In 2024, revenue is forecast to grow about 5%.