TSE:BEP.UN

Brookfield Renewable Partners (BEP.UN.TO)

40.09
+0.13 (0.33%)
as of Sep 25, 2026, 8:00:00 pm Market Open.
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It's a Monthly Gems opinion which is available only for Stockchase Premium

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK

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.

BUY

Bell weather in renewable sector.
Strong cash flow generating ability.
Will be a good long term hold (5-10 years).
Strong dividend that grows every year


BUY ON WEAKNESS

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

PAST TOP PICK
(A Top Pick Jan 26/22, Down 3%)

Uninspiring year. Did get Westinghouse, a transformative and nuclear acquisition. Excited about the nuclear space. Buying at current levels.

HOLD
Which Brookfield to own?

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. 

BUY

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

BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Strong EBITDA and earnings growth expected. BEPC transaction complete. Maintains strong balance sheet and cash flow. Solid name for both income and growth.
SELL
60% owned by BAM. Renewable energy is highly sought after, lots of demand. In last 7 years, has only made a profit once. Concerned with management decisions. Investments made below cost of capital. Sell, redeploy cash to a more profitable business model.
BUY
It is one of the best in Canada in the renewable space and is expanding into nuclear. Third quarter was good with a slight beat. It has 2 billion in capital to deploy. It can be expensive.
BUY
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.
TOP PICK
Recent acquisition of Westinghouse a major moment, as gives exposure to nuclear energy. Believes nuclear energy will be excellent business going forward. ~4% dividend yield is strong. Very strong management with excellent prospects.
DON'T BUY
Balance sheet's gone nowhere. More concerning is that FMV is quite a bit below the current price. What will drive it from a fundamental point of view? Nice yield, but it's being paid out of capital, which isn't good.
BUY
One of Brookfield's crown jewels. Secular theme of renewable energy. War in Ukraine highlights need for energy security. Geographically diverse exposure in wind, hydro, solar, geothermal. Will benefit from US tax credits. Management is well connected to snap up opportunities.
BUY
It's timely. Likes it and this will outperform. He owns BAM, its parent.
BUY
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.
Showing 61 to 75 of 264 entries