Buy, Sell or Hold: Brookfield Renewable Energy (BEP.UN-T)

TSE:BEP.UN

51.55

0.15 (0.29%) 1d

Showing 1 to 15 of 186 entries

BUY on WEAKNESS

Allan Tong’s Discover Picks BEP.UN has two advantages over its peers. It's owned by a mammoth, capital-rich parent company (trading under BAM'A), and half of BEP.UN's business is in water power. Water is the most dependable source of green power, because it doesn't suffer the vagaries of weather like solar and wind. Another plus is BEP.UN's global presence. To compare, Boralex's business is split between Canada and France with a smaller footprint in the U.S. BEP.UN pays a 3.26% dividend yield. Read 3 Stocks to See Green in Green Energy Stocks for our full analysis.

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BUY on WEAKNESS

She likes the renewable sector; it'll keep growing. Last year, renewables had a rough year. She likes this and would be adding on pullbacks. Don;t focus on short-term results in renewables, because they can be impact by short-term weather. BEP is the largest in this space and global. They generate energy in many forms of green energy, like solar. All good.

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TOP PICK

Combination of reasonable yield and good growth prospects. Good leadership. This area will expand over the next decade and do well. Financial integrity of the Brookfield group. Should give the 10% rate of return he looks for. Yield is 3.53%. (Analysts’ price target is $51.61)

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COMMENT

Rather than a company doing both fossil and green energy, better to find a pure play energy, or a pure play renewable. For energy, look at EOG or CNQ. Try BEP.UN for renewables.

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BUY

BEP vs. BIP The trend for renewables will increase over time. Yes, Brookfield Renewables have been underperforming Brookfield Infrastrastructure. The former got ahead of themselves when Pres. Biden took office, but have since pulled back. The good thing is that Brookfield group invests in hard assets. Much of Brookfield's cash flow comes from the Renewables and Infrastructure divisions. Do you want a high yield or not? BAM pays a much lower dividend yield than BEP or BIP. She likes these and BAM'A--all are good.

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BUY

Renewables haven't done much. Lagging, rather than not responding altogether. If oil spikes further, anything not carbon-related looks affordable. Whole sector is undervalued, will move, and the stocks typically pay a decent dividend.

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BUY

Renewables have a tremendous future because countries are reducing their energy dependence on Russia. BEP assets are mainly hydro power, which is the most stable power (compared to wind and solar). So, BEP always trades at a premium to peers like Boralex (he owns), Innergex and Northland Power. It's stable and pays a good dividend. He doesn't know their growth plans, but he'd definitely hold onto this if you already own it.

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PAST TOP PICK

(A Top Pick Mar 23/21, Up 3%) This is why he's in the companies he's in. You at least get the dividend. Well positioned going forward for its access to capital, core assets, global footprint. Doesn't get any better than that. Still buying here.

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HOLD

Likes it, great assets, inflation hedge. Always an expensive name. Dividend increases. NPI is better value.

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PAST TOP PICK

(A Top Pick Mar 16/21, Up 0.2%) Likes this long term, because the renewable energy trend won't go away. Brookfield is well-established in renewables Water power makes up 50% of their business; hydro is stable and garners a higher multiple. Solar and wind segments are increasing. Funds have been flowing into renewables, but green energy shares got ahead of themselves in 2021. All green energy stocks have surged recently, because Europe wants to decrease (Russian) crude oil use and increase renewables.

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BUY

Allan Tong’s Discover Picks Renewable energy stocks have been a tear since the invasion. From February 24 and 28, BEP.UN has rallied nearly 6.5%. In fact, BEP.UN's climb began before that. Shares have risen 11% in the past month. They bottomed on January 25 at $40 as fears of an interest rate explosion gripped markets and drove renewables into the cellar. Since then, BEP.UN shares have jumped past $45. BEP.UN itself has risen nearly 27% in the last 24 months during the pandemic, and appears to have ended its losing streak of ever-sinking lows since its January 2021 peak. With current momentum, BEP.UN can return to $50 in short order. Read Looking ahead with 2 Canadian Stocks for our full analysis.

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BUY

Really likes renewable space. Valuations have fallen as high market valuations receded. Excellent assets with attractive stock price valuation. Good company to own with strong divided yield. Expecting large amounts of growth in the future. Good time to be buying stock.

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WAIT

An incredible wave of money went into the renewables about a year ago. Relatively expensive on underlying cash generation at 15-20x cashflow. Not cheap yet. Very good asset managers, so it trades at a premium.

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DON'T BUY

He prefers owning BAM'A or even Brookfield Infrastructure. BEP.UN has had a harder time getting recognized by the market. The stock is not expensive, but sells at a slight premium to these other two Brookfield stocks.

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TOP PICK

Last year was great, now stock's weak. Long-term, you'd be happy to own it. BAM gives them access to capital and geographic sourcing. Acquisition just this morning. Assets are Canadian hydro-electric, which are dependable and long-term. Good entry point for a great company with a global reach. Yield is 3.72%. (Analysts’ price target is $51.64)

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Showing 1 to 15 of 186 entries

Brookfield Renewable Energy(BEP.UN-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 19

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 21

Stockchase rating for Brookfield Renewable Energy is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Brookfield Renewable Energy(BEP.UN-T) Frequently Asked Questions

What is Brookfield Renewable Energy stock symbol?

Brookfield Renewable Energy is a Canadian stock, trading under the symbol BEP.UN-T on the Toronto Stock Exchange (BEP.UN-CT). It is usually referred to as TSX:BEP.UN or BEP.UN-T

Is Brookfield Renewable Energy a buy or a sell?

In the last year, 21 stock analysts published opinions about BEP.UN-T. 19 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Brookfield Renewable Energy.

Is Brookfield Renewable Energy a good investment or a top pick?

Brookfield Renewable Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for Brookfield Renewable Energy.

Why is Brookfield Renewable Energy stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Brookfield Renewable Energy worth watching?

21 stock analysts on Stockchase covered Brookfield Renewable Energy In the last year. It is a trending stock that is worth watching.

What is Brookfield Renewable Energy stock price?

On 2022-08-10, Brookfield Renewable Energy (BEP.UN-T) stock closed at a price of $51.55.

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