Brookfield Renewable Issues C$250 Million in Green Hybrid Notes

Brookfield Renewable Partners ( ($TSE:BEP.UN) ) has shared an announcement.

Brookfield Renewable announced the issuance of C$250 million in Green Subordinated Hybrid Notes, which will bear interest at a fixed rate and reset every five years. This marks the company’s seventeenth green securities issuance in North America and aligns with its 2024 Green Financing Framework, with proceeds intended for eligible investments, including debt repayment.

The most recent analyst rating on ($TSE:BEP.UN) stock is a Buy with a C$31.00 price target. To see the full list of analyst forecasts on Brookfield Renewable Partners stock, see the TSE:BEP.UN Stock Forecast page.

Spark’s Take on TSE:BEP.UN Stock

According to Spark, TipRanks’ AI Analyst, TSE:BEP.UN is a Neutral.

Brookfield Renewable Partners has strengths in operational efficiency and strategic planning, evidenced by revenue growth and recent corporate initiatives like green bond issuance. However, significant financial risks, including negative net income and high leverage, weigh heavily on the stock’s overall score. While the high dividend yield offers some investor appeal, the stock’s technical indicators and valuation metrics suggest caution. Overall, the company needs to address its financial structure and profitability to improve its stock performance.

To see Spark’s full report on TSE:BEP.UN stock, click here.

More about Brookfield Renewable Partners

Brookfield Renewable operates one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Its portfolio includes hydroelectric, wind, utility-scale solar, and storage facilities, as well as investments in nuclear services, carbon capture, agricultural renewable natural gas, materials recycling, and eFuels manufacturing. Investors can access the portfolio through Brookfield Renewable Partners L.P. or Brookfield Renewable Corporation.

Average Trading Volume: 325,919

Technical Sentiment Signal: Buy

Current Market Cap: C$21.5B

Find detailed analytics on BEP.UN stock on TipRanks’ Stock Analysis page.