
TSE:BEP.UN
This summary was created by AI, based on 13 opinions in the last 12 months.
Brookfield Renewable Partners (BEP.UN-T) is highlighted by various experts as a strong player in the renewable energy sector, particularly benefiting from heightened demand for electricity and investments in infrastructure. The company boasts considerable potential, driven by contracts with large tech firms like Google and a focus on maintaining contracted cash flows while recycling capital into new projects. Despite a recent dip in stock performance over five years, many analysts note a positive trend and recently improving market conditions. They express optimism about its long-term growth prospects, especially in the second half of the decade as energy demands rise globally. With a yield of around 5%, it is also seen as a viable income-generating vehicle, though growth may be slow compared to other sectors; thus, investors are encouraged to consider buying on dips.
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)
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