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Updated 1h ago
BEP logo

Brookfield Renewable Partners L.P.NYSE:BEP Stock Report

Market Cap US$20.1b
Updated 1h ago
Share Price
n/a
1Y12.4%
7D-10.3%
1D-2.1%
Portfolio Value
​
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Brookfield Renewable Partners L.P.

NYSE:BEP Stock Report

Market Cap: US$20.1b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Brookfield Renewable Partners (BEP) Stock Overview

Owns a portfolio of renewable power generating facilities in the North America, Colombia, and Brazil. More details

BEP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends3/6

Rewards

Trading at 93.6% below our estimate of its fair value

Earnings have grown 10.6% per year over the past 5 years

Risk Analysis

Dividend of 5.45% is not well covered by earnings or free cash flows

Earnings are forecast to decline by an average of 71.2% per year for the next 3 years

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years


BEP Community Fair Values

Create Narrative

See what 26 others think this stock is worth. Follow their fair value or set your own to get alerts.

Top Community Narratives

BEP logo
Brookfield Renewable Partners
13.6% overvalued intrinsic discount

Forty Percent Of The Revenue Belongs To Somebody Else

View narrative
RC
Emerging Author
rcb9
Published 5 Aug
Read Narrative

Top Community Narratives

BEP logo
Brookfield Renewable Partners
13.6% overvalued intrinsic discount

Forty Percent Of The Revenue Belongs To Somebody Else

View narrative
RC
Emerging Author
rcb9
Published 5 Aug
Read Narrative
View all narratives

Brookfield Renewable Partners L.P. Competitors

Brookfield Renewable

Symbol: NYSE:BEPC
Market cap: US$10.3b

Clearway Energy

Symbol: NYSE:CWEN
Market cap: US$6.2b

Ormat Technologies

Symbol: NYSE:ORA
Market cap: US$5.7b

ReNew Energy Global

Symbol: NasdaqGS:RNW
Market cap: US$2.5b

Price History & Performance

Summary of share price highs, lows and changes for Brookfield Renewable Partners
Historical stock prices
Current Share PriceCA$28.81
52 Week HighCA$38.12
52 Week LowCA$24.80
Beta0.98
1 Month Change-17.09%
3 Month Change-15.86%
1 Year Change12.41%
3 Year Change10.81%
5 Year Change-24.70%
Change since IPO103.50%

Recent News & Updates

User avatar
New Narrative • Aug 05

Forty Percent Of The Revenue Belongs To Somebody Else

Read the ownership structure before the income statement. Consolidated revenue of $1,710 million in the quarter overstates BEP's economics by roughly 70%.
Seeking Alpha • Aug 05

Brookfield Renewable: AI's Power Shortage Is Repricing Flexible Generation

Summary Brookfield Renewable Partners (BEP) earns a Buy rating, driven by its integrated, diversified renewable platform and strategic positioning amid rising deliverable power constraints. BEP's framework agreements with Microsoft and Google, plus the Aypa Power acquisition, enhance its ability to meet large-scale, multi-technology customer demand and boost storage capacity. Double-digit FFO-per-unit growth is visible, supported by contracted revenues, inflation linkage, disciplined capital recycling, and a robust development pipeline. My $41 price target (16.8x 2027 FFO) implies 26% total return potential; thesis risks include project delays, customer conversion, and normalized FFO growth below 6%. Read the full article on Seeking Alpha

Recent updates

User avatar
New Narrative • Aug 05

Forty Percent Of The Revenue Belongs To Somebody Else

Read the ownership structure before the income statement. Consolidated revenue of $1,710 million in the quarter overstates BEP's economics by roughly 70%.
Seeking Alpha • Aug 05

Brookfield Renewable: AI's Power Shortage Is Repricing Flexible Generation

Summary Brookfield Renewable Partners (BEP) earns a Buy rating, driven by its integrated, diversified renewable platform and strategic positioning amid rising deliverable power constraints. BEP's framework agreements with Microsoft and Google, plus the Aypa Power acquisition, enhance its ability to meet large-scale, multi-technology customer demand and boost storage capacity. Double-digit FFO-per-unit growth is visible, supported by contracted revenues, inflation linkage, disciplined capital recycling, and a robust development pipeline. My $41 price target (16.8x 2027 FFO) implies 26% total return potential; thesis risks include project delays, customer conversion, and normalized FFO growth below 6%. Read the full article on Seeking Alpha
Seeking Alpha • Apr 28

Brookfield Renewable: Check Out That 6.9% Yield

Summary Brookfield Renewable Partners has a 6.9% dividend yield. The company has a 75% cash flow payout ratio, which is pretty sensible. Brookfield Renewable's earnings and cash flows have been growing steadily over time. It recently scored a massive deal with Microsoft that will increase earnings and cash flows further. The company's focus on renewables bodes well for its future. In this article, I explain why I'd buy Brookfield Renewable stock for its 6.9% dividend yield. Read the full article on Seeking Alpha
Seeking Alpha • Apr 22

Brookfield Renewable Partners: Buy High Quality At A Discount

Summary Brookfield Renewable Partners offers a compelling value near its 52-week low price with a 6.9% yield and a forward P/FFO of 10.7. BEP's robust fundamentals include 10% FFO growth, significant contributions from new assets, and strong corporate PPAs, highlighting its growth potential. BEP is well-positioned to benefit from rising global renewable energy demand, with a strong development pipeline, inflation-linked cash flows, and a solid balance sheet. For long-term investors, BEP presents an opportunity for solid total returns through high income and growth from its current undervalued price. Read the full article on Seeking Alpha
Seeking Alpha • Mar 14

Brookfield Renewable Partners: Excellent High-Yield Investment

Summary Brookfield Renewable Partners is a high-quality dividend growth investment, benefiting from growing electricity demand driven by AI and other macro trends. BEP's recent results show strong growth in funds from operations, with a 10% annual growth rate being realistic due to various growth drivers. Despite its strong performance and growth potential, BEP is trading at a low valuation, offering a high dividend yield of 6.5%. BEP's low valuation and high dividend yield create a compelling total return outlook, with the potential for double-digit returns even in bearish scenarios. Read the full article on Seeking Alpha
Seeking Alpha • Feb 02

Brookfield Renewable Partners: Misunderstood, Discounted And My Favorite Pick

Summary After Q4, 2024 report, Brookfield Renewable Partners has become my favorite pick that is outside the BDC, REIT, and MLP segments. The recent report clearly proves that the market has just got this wrong. BEP trades now at P/FFO of 11.8x, while having a predictable FFO growth trajectory at around 10% per year. In this article, I explain why the market has, in my view, mispriced BEP and why durable income investors should seriously consider buying the Partnership now. Read the full article on Seeking Alpha
Seeking Alpha • Jan 20

Brookfield Renewable Partners: Chase The Yield, And The Growth

Summary Brookfield Renewable Partners is experiencing strong secular tailwinds, benefiting from increased electricity demand due to AI adoption and a focus on renewable energy. BEP's distribution units, not common equity shares, are undervalued, due to a projected payout increase and the recent sell-off. BEP is undervalued in both relative and intrinsic value terms, offering an attractive entry point for investors. Despite potential short-term price risks due to interest rate fluctuations, BEP's stable cash flows make it a solid investment purely on the basis of distribution income. Read the full article on Seeking Alpha
Seeking Alpha • Jan 04

Brookfield Renewable Partners: I'm Kicking Off 2025 With This Wonderful Bargain

Summary Brookfield Renewable Partners offers a 6.1% dividend yield, strong growth prospects, and a discounted valuation, making it an attractive option for income-focused investors. BEP's diversified renewable energy portfolio, strategic asset recycling, and partnerships for expansion position it well for long-term success, especially in data center-heavy markets. With a robust balance sheet, investment-grade credit rating, and consistent distribution growth, BEP is poised for potentially strong returns. For risk-averse investors, the Series A Preferred Stock offers a higher yield of 7.1% and a 26% discount to par value. Read the full article on Seeking Alpha
Seeking Alpha • Dec 08

Brookfield Renewable Partners: One Of My Highest Conviction Investments

Summary Since Trump took the victory home, BEP has lost ~ 9% in its market cap. The reasons are clearly linked to regulatory risks for renewables. Yet, the reality is that BEP's cash flows are largely isolated from these dynamics. Instead, BEP is poised to benefit from surging demand for power as data centers get built up. For me BEP is one of those cases, where I can lock in durable ~ 6% yield knowing that sooner or later I will profit from valuation recovery and benefit from growing distributions going forward. Read the full article on Seeking Alpha
Seeking Alpha • Nov 04

NextEra Energy Partners Vs. Brookfield Renewable Partners: I Would Go With Brookfield

Summary BEP has limited near-term debt maturities and has taken advantage of favourable refinancing conditions, reducing its exposure to interest rate risks while maintaining growth through strategic investments in renewable energy. While NEP may offer better valuation metrics, its higher financial risks and potential dividend cuts make BEP the more stable and reliable choice for investors seeking growth and lower risk. NEP faces concerns about CEPF payouts beyond 2026 potentially forcing it to lower distributions and redeploy capital. Read the full article on Seeking Alpha
Seeking Alpha • Oct 21

Brookfield Renewable: Excellent Outlook For This High-Yielder

Summary Brookfield Renewable Partners is a top-tier renewable energy investment, benefiting from the green energy trend, falling interest rates, and growing demand for alternative assets. The company's stake in nuclear energy firm Westinghouse is a valuable asset, especially with rising demand from major tech companies. A steadily increasing dividend makes Brookfield Renewable Partners an even more attractive investment. With declining interest rates and positive earnings, Brookfield Renewable Partners remains a strong buy. Read the full article on Seeking Alpha
Seeking Alpha • Oct 13

Brookfield Renewable Partners: Buy The Dip Hand Over Fist

Summary Patience is key for investors to secure a good price, enhancing margin of safety and dividend yield, as exemplified by Brookfield Renewable Partners' recent dip. BEP's diverse renewable energy portfolio, long-term PPAs, and inflation-indexed revenues support steady cash flow and growth, with a 5.5% yield and strong development pipeline. BEP's financial health is robust, with a BBB+ credit rating, well-staggered debt maturities, and multiple funding options, ensuring sustainable growth. BEP.PR.A preferred stock offers a 6.1% yield and a significant discount to call value, providing a high-yield alternative with precedence over common dividends. Read the full article on Seeking Alpha
Seeking Alpha • Oct 02

Brookfield Renewable Partners: A Wonderful Retirement Investment For Income And Growth

Summary Since the release of my initial bull thesis on Brookfield Renewable Partners in March this year, the investment has generated ~26% in total returns. As a result of this, the dividend yield has dropped by 100 basis points and, theoretically, one now has a legitimate ground to question whether the return potential is already exhausted. Looking at the Q2 2024 financials and considering the recent dynamics on the SOFR and energy demand front, I would argue that the case has become even more attractive. In this article, I explain in more detail why I remain bullish on BEP. Read the full article on Seeking Alpha
Seeking Alpha • Sep 07

4 Reasons Brookfield Renewable Partners Has Positive Long-Term Prospects

Summary Brookfield Renewable Partners operates in the high-growth green energy sector, with significant renewable energy assets and promising likelihood for future capacity expansion, supported by favourable policies. What it lacks in past price performance, BEP has more than made up for in total returns, owing to its FFO growth and aim to increase distributions annually. Even though its net loss and higher EV/EBITDA compared to similar stocks can work against it for now, over the longer term it's still an attractive investing opportunity. Read the full article on Seeking Alpha
Seeking Alpha • Aug 28

Brookfield Renewable: A Buy Despite Earnings Noise

Summary Despite a stagnant share price and negative earnings, Brookfield Renewable is positioned to lead in the global renewable energy market. My bull case rests on the company's strong FFO growth, commitment to expansion, and anticipated benefits from falling interest rates. With an adjusted NAV per share of $51.55, I believe the company offers a compelling buy opportunity in contrast to others' Sell ratings. Read the full article on Seeking Alpha
Seeking Alpha • Jul 22

Brookfield Renewable Partners: Too Cheap To Ignore, Buy The Dip

Summary Pullback opportunities in stock market provide second chances for investors. One such example is Brookfield Renewable Partners, which offers stable revenue streams and global demand for renewable energy. Recent dip in BEP stock price to $24.06 presents a buying opportunity with 5.9% yield, strong financials, and growth potential. Read the full article on Seeking Alpha
Seeking Alpha • Jun 28

BEP: This 5.5% Yielding New Energy Company Has An AI-Catalyst

Summary Brookfield Renewable Partners owns wind, solar, and hydro assets, offering passive income investors a globally-diversified portfolio with growing funds from operations. The company has delivered double-digit funds from operations growth since 2016 and is selling at a moderate FFO multiple, making it compelling for investors. Brookfield Renewable Partners profits from growing energy demand from AI-focused data centers, positioning it well for long-term growth in the renewable energy sector. Read the full article on Seeking Alpha
Seeking Alpha • Jun 19

Brookfield Renewable: An Excellent High-Yield Investment

Summary Brookfield Renewable Partners offers an attractive income yield, reliable dividend growth, and industry tailwinds at a reasonable valuation. Global energy consumption is growing, with massive investments in green energies expected to drive future growth for companies like BEP. BEP is a strong dividend growth stock with a current yield of 5.7%, reliable dividend growth, and potential for future growth through development projects and M&A opportunities. Read the full article on Seeking Alpha
Seeking Alpha • May 22

Brookfield's Microsoft Agreement Is A Big Deal

Summary Brookfield Renewable signed a global renewable energy agreement with Microsoft, setting the stage for over 10.5 GW of solar and wind capacity, largely in the US. The deal highlights Brookfield's position for similar agreements with other data center companies. The increased use of solar and wind in the US, led by companies like Brookfield, is transforming the energy landscape. Read the full article on Seeking Alpha
Seeking Alpha • May 07

Brookfield Renewable Partners: Growing Value Stock That Is Worth Considering After Q1 2024

Summary Brookfield Renewable Partners has generated ~13% in total returns since March this year, when I published my bull thesis on this stock. The depressed share price, strong pipeline, exposure to CPI component, and fortress balance sheet continue to render BEP an enticing investment case for me. Besides this, Q1 2024 earnings results show an uptick in FFO, benefit from long-dated debt financings, and a promising deal with Microsoft. In a nutshell, in this article, I elaborate on why I think that BEP's return prospects have improved after the Q1 2024 report. Read the full article on Seeking Alpha

Shareholder Returns

BEPUS Renewable EnergyUS Market
7D-10.3%-6.7%-1.5%
1Y12.4%-23.9%13.3%

Return vs Industry: BEP exceeded the US Renewable Energy industry which returned -23.9% over the past year.

Return vs Market: BEP matched the US Market which returned 13.3% over the past year.

Price Volatility

Is BEP's price volatile compared to industry and market?
BEP volatility
BEP Average Weekly Movement3.9%
Renewable Energy Industry Average Movement8.0%
Market Average Movement6.9%
10% most volatile stocks in US Market15.3%
10% least volatile stocks in US Market2.9%

Stable Share Price: BEP has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: BEP's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19995,870Connor Teskeywww.bep.brookfield.com

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities in the North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage; and offers sustainable solutions, such as renewable natural gas, carbon capture and storage, recycling, cogeneration, biomass, nuclear services, eFuels, and power transformation. It operates as the general partner of Brookfield Renewable Partners L.P.

Brookfield Renewable Partners L.P. Fundamentals Summary

How do Brookfield Renewable Partners's earnings and revenue compare to its market cap?
BEP fundamental statistics
Market capUS$20.14b
Earnings (TTM)-US$80.00m
Revenue (TTM)US$6.36b
3.1x
P/S Ratio
-246.0x
P/E Ratio

Is BEP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BEP income statement (TTM)
RevenueUS$6.36b
Cost of RevenueUS$3.09b
Gross ProfitUS$3.27b
Other ExpensesUS$3.35b
Earnings-US$80.00m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-0.12
Gross Margin51.39%
Net Profit Margin-1.26%
Debt/Equity Ratio105.1%

How did BEP perform over the long term?

See historical performance and comparison

Dividends

5.5%
Current Dividend Yield
-1,308%
Payout Ratio

Does BEP pay a reliable dividends?

See BEP dividend history and benchmarks
When do you need to buy BEP by to receive an upcoming dividend?
Brookfield Renewable Partners dividend dates
Ex Dividend DateAug 31 2026
Dividend Pay DateSep 29 2026
Days until Ex dividend16 days
Days until Dividend pay date13 days

Does BEP pay a reliable dividends?

See BEP dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/15 21:41
End of Day Share Price 2026/09/15 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Brookfield Renewable Partners L.P. is covered by 35 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Mark WestbyATB Cormark
Ross FowlerBarclays

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