
TSE:BEP.UN
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.
Reported revenue of $1.2B, up 9.6% and ahead of estimates ($1.03B).
EBITDA was $461M, up 7% and short of estimates ($499M).
The distribution was boosted 5.5%.
Per unit cash flow rose to 35c from 33c.
The year was a record and it has significant capital for expansion and multiple growth projects in the works. Unlock Premium - Try 5i Free
You have to evaluate each company separately. He owns BEP.UN and BIP.UN, as he finds those the most attractive long term. With those two, you tap into the Brookfield global, private equity expertise, with a focus on renewables and infrastructure. You have to analyze the risk/reward and see what's right for you.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Solid cash flow and earnings growth. In a fast-growing competitive sector. Strong backing of parent company. Improved margins and valuations stable. Unlock Premium - Try 5i Free
The federal budget offers a wide range of tax breaks for green energy producers. Stockchaser Trevor Rose picked this long before the budget for its 9.6% increase in revenues, rising EBITDA and ever-growing dividends. It helps that BEP.UN is back by a giant parent company, and it continues to grow by acquisition. Late last year, BEP.UN with Cameco snagged Westinghouse which serves about half the nuclear power generating business and makes about half the world's nuclear reactors. About 85% of its revenues are recurring. Given Russia's invasion of Ukraine, governments are embracing nuclear power again. Add to this, BEP.UN's foundation of robust cash flow and balance sheet.