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.
732 watching
0
BUY
Global scope in wind, solar, hydro. Renewable trend is not going away. Most of the renewables have pulled back, but most valuations had gotten ahead of themselves. Attractive entry point now. She's buying for new clients.
PAST TOP PICK
(A Top Pick Jul 16/20, Up 27%) Continues to own it. Given this pullback (along with peers) by 20%, this is now an attractive entry point. There's long-term secular growth in green energy. BEP has operations around the world, and the parent company owns 40% of this company. Hydro garners a premium valuation and makes up a big part of BEP. You need exposure in renewable energy and this is one.
BUY
A core, long-term holding. Current income through its dividend of close to 3%, and will grow fairly steadily. Political winds of change are blowing pretty strongly in Canada, meaning a lot of investment in the sector. Good total return potential.
PARTIAL BUY
She likes renewables which investors should own. They've pulled back recently more than its peers, because it trades at a premium. It has global operations and does solar, wind and hydro energy. Higher interests pressure these stocks, though she doesn't expect rates to spike sharply, so these will be fine long-term. BEP buys undervalued assets, then sells them at maturity. You can start a position now at current share prices.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Now buyable at the prices following correction in the renewables space. Fine with the sector. Higher interest rates means valuation has come down, but income and some growth makes this sector still attractive. Unlock Premium - Try 5i Free

BUY
Has owned this for a while for the growing dividend and their positioning in green energy (wind, solar, geothermal). Big footprint diversified by facilities and power type and political risk. The U.S. now wants to green the grid. The dividend will grow for a very long time. Continues to like this. However, this stock and sector got pricey at the end of 2020. Buy the rumour, sell the news, sparked by Pres. Biden announcing his green energy plan. The renewables peaked in mid-January when the Democrats won control of the House. Now, these stocks are down which he sees as a pullback in a longer-term secular uptrend.
PARTIAL BUY
He likes the renewable space in general. Demand for power is not going to be relenting. A number of other renewable companies have not seen anything good happen with their stock prices but oil and gas companies have. Buy a bit now and buy a bit more after the earnings are released tomorrow.
BUY ON WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock corrected with profit taking and fears of higher interest rates. The premium version also got too high and corrected. Would be fine buying today. Unlock Premium - Try 5i Free

HOLD

This or the preferred shares? High valuation, though boasts high-quality assets. But there are better opportunities in renewables. Look at Northland and/or Boralex, which trade at a slight discount to BEP with different growth drivers (European exposure) to BEP which is capital recycling by the parent company and exposure to Latin America. Hold BEP if you already own.

WAIT

He likes renewable energy. This is probably one of the more expensive plays out there. He would not buy at these levels. Try AQN-T.

TOP PICK

Renewables had a great 2020, but have come off so far this year. Now is a good level to enter BEP. Brookfield can source and invest capital around the world. There'll be more money flowing into this sector. Caluations are a concern though, like Plug Power's, but BEP is backed by their core hydro power business and the parent company. (Analysts’ price target is $58.63)

TOP PICK
She's been adding to this during the current pullback around $54. BEP pulled back 20%. They're set up to be a global player in hydro, wind and solar energy. It does garner a premium valuation because hydro power does. The renewable energy trend will only get stronger. Corporates that want to reduce their global footprint will partner with BEP and buy their power from BEP. (Analysts’ price target is $58.63)
COMMENT
Higher oil prices should incentivize alternative energy. In the short term, there is flow of funds between sectors in the market and money could be flowing to traditional energy. On the surface, these companies are expensive relative to traditional oil. Value stocks should outperform growth stocks due to robust growth in general and less premium for it. Mark Carney's involvement is a major support for BEP.
BUY ON WEAKNESS
One of his favourite Canadian names for renewables. It's pulled back because renewables are taking a breather after soaring earlier his year, driven by Pres. Biden pro-green energy stance; U.S. investors jumped on the bandwagon. Harsh winter weather in Texas shows that renewables can be effected and around the same time BEP issued more shares, hence the share pressure. He strongly believes in green power, expecting corporations and governments to invest in green power for years to come. Buy on this pullback.
HOLD
Allan Tong’s Discover Picks Similarly, Brookfield Renewable has done so well that it did a stock split two months ago. There’s nothing wrong with BEP.UN , but I prefer its parent, Brookfield Asset Management, for better long-term growth. Read 6 Promising Green Energy Stocks for our full analysis.
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