Brookfield Renewable Launches $400 Million At-the-Market Equity Program to Support LP Unit Buybacks

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

Brookfield Renewable has established an at-the-market equity issuance program allowing Brookfield Renewable Corporation to issue up to $400 million of class A exchangeable subordinate voting shares directly into the Canadian and U.S. markets. The proceeds are intended primarily to fund repurchases of Brookfield Renewable Partners’ non-voting limited partnership units under its normal course issuer bid and for general corporate purposes, with the company indicating that the combination of new share issuance and LP unit buybacks is expected to be broadly non-dilutive to the overall equity base while providing flexibility to raise capital when market conditions are favorable.

The most recent analyst rating on ($TSE:BEP.UN) stock is a Buy with a C$34.00 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’ overall score reflects solid strategic initiatives and partnerships, particularly in nuclear expansion, which are positive for long-term growth. However, financial challenges, including high leverage and negative profitability, weigh heavily on the score. The technical indicators suggest weak momentum, and valuation concerns persist due to negative earnings, despite a strong dividend yield.

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

More about Brookfield Renewable Partners

Brookfield Renewable Partners and Brookfield Renewable Corporation operate in the renewable power and energy transition sector, owning and operating a diversified portfolio of hydroelectric, wind, solar and other clean energy assets across multiple geographies. Through listed partnership units and exchangeable shares, the group provides investors with access to long-duration contracted renewable power generation and related infrastructure, targeting stable cash flows and growth from the global shift toward decarbonization.

Average Trading Volume: 293,634

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$25.61B

See more data about BEP.UN stock on TipRanks’ Stock Analysis page.