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TSE:BEP.UN
This summary was created by AI, based on 17 opinions in the last 12 months.
Brookfield Renewable Partners (BEP.UN-T) has shown resilience in the renewable energy sector amid fluctuating market conditions. Despite the challenges faced by the renewables industry, expert reviews indicate a positive outlook due to its diversified assets, which include significant hydro, solar, and wind energy initiatives. The company's recent contracts with hyperscalers for data centers suggest strong future demand for electricity, positioning it as an appealing investment. While the stock has experienced a trading range and seen a decline over the past several years, recent performance has improved, and analysts believe that its growth potential remains intact. Many experts recommend considering it for long-term investment, highlighting its ability to generate substantial cash flows and indicating that any dips in price present a buying opportunity.
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
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.
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.
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)
Wants a clean energy stock Brookfield Renewable in the largest player in the sector and the most international. Are you a growth or value investor? He'd rotate more into value now. Looking ahead 20 years, renewables will be a strong growth area. With BEP, you're paying 18-20x operating cash flow vs. oil stocks are 5-10x. You're paying a lot more now for future growth, but that's fine. The renewables are a good investment as a whole to hold for a long time. Others like Algonquin Power are also good.