Brookfield Renewable Partners (TSE:BEP.UN)
TSX:BEP.UN
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Brookfield Renewable Partners
(TSX:BEP.UN)
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Rating:58Neutral
Price Target:
C$47.00
▼(-1.03% Downside)
Action:ReiteratedDate:02/01/26
The score is held back primarily by financial risk—very high and rising leverage plus structurally negative free cash flow and recurring net losses. Offsetting factors include constructive technical momentum and a positive earnings-call outlook with solid FFO/unit growth, contracted expansion, and continued distribution increases, while valuation is mixed (high yield but loss-driven negative P/E).
Positive Factors
Long-term contracted pipeline and PPAs
Material long-dated, inflation-linked hydro PPAs and multi‑GW frameworks with hyperscalers create predictable, durable cash flows and reduce merchant exposure. These large contracted volumes support multi-year FFO visibility and underpin capital allocation toward growth projects with lower revenue volatility.
Negative Factors
Very high and rising leverage
Leverage increased sharply, compressing balance sheet flexibility and amplifying refinancing and interest rate risk for a capital‑intensive utility. Elevated debt relative to equity limits buffer against adverse operational or market shocks and raises the stakes on continued successful financings and asset sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Long-term contracted pipeline and PPAs
Material long-dated, inflation-linked hydro PPAs and multi‑GW frameworks with hyperscalers create predictable, durable cash flows and reduce merchant exposure. These large contracted volumes support multi-year FFO visibility and underpin capital allocation toward growth projects with lower revenue volatility.
Read all positive factors
Brookfield Renewable Partners (BEP.UN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$30.04B
Dividend Yield5.56%
Average Volume (3M)311.35K
Price to Earnings (P/E)―
Beta (1Y)0.76
Revenue Growth16.73%
EPS Growth68.44%
CountryCA
Employees5,270
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)0.74
Shares Outstanding305,987,980
10 Day Avg. Volume250,479
30 Day Avg. Volume311,354
Financial Highlights & Ratios
PEG Ratio4.33
Price to Book (P/B)1.68
Price to Sales (P/S)1.19
P/FCF Ratio-1.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$48.99Price Target Upside3.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)-0.94
Revenue Forecast (FY)C$7.12B
Brookfield Renewable Partners Business Overview & Revenue Model
Company Description
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, distributed ...
How the Company Makes Money
Brookfield Renewable Partners makes money primarily by producing electricity from its renewable generation assets and selling that electricity under contracts or into wholesale power markets. A significant portion of revenue is typically generated...
Brookfield Renewable Partners Earnings Call Summary
Earnings Call Date:Jan 30, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 01, 2026
Earnings Call Sentiment Positive
The call presented a strongly positive operational and financial performance narrative: double-digit FFO growth, record capacity additions and deployments, successful capital recycling, robust liquidity and record financings, and accelerated positioning in batteries, hydro and nuclear. The challenges discussed—weaker U.S. hydrology, some permitting delays for onshore wind, and the need to manage liquidity relative to a growing pipeline—are material but appear manageable given the company's financing activity, asset recycling program, and strategic partnerships. Overall, positive momentum and multiple growth levers outweigh the identified headwinds.Positive Updates
FFO Growth and Per-Unit Performance
Full-year FFO of $1.334 billion ($2.01 per unit), up 10% year-over-year; Q4 FFO of $346 million, up 14% year-over-year (51¢ per unit).
Negative Updates
Weaker U.S. Hydrology Impacting Near-Term Generation Mix
Management noted weaker hydrology in the U.S. that partially offset hydro performance despite overall hydro FFO growth; realized U.S. hydro realized price was flat year-over-year at about $83, influenced by generation mix (management expects increases as new contracts phase in).
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Q4-2025 Updates
Positive
Negative
FFO Growth and Per-Unit Performance
Full-year FFO of $1.334 billion ($2.01 per unit), up 10% year-over-year; Q4 FFO of $346 million, up 14% year-over-year (51¢ per unit).
Read all positive updates
Company Guidance
The company guided that its 2025 performance and near‑term outlook remain strong, highlighting full‑year FFO of $1.334 billion or $2.01 per unit (up 10% y/y) and Q4 FFO of $346 million (51¢/unit, up 14% y/y); record growth deployment of $8.9 billion (≈$1.9 billion net to BEP); signed contracts on over 9 GW and commissioned over 8 GW of new capacity with a target run‑rate of roughly 10 GW/year by 2027; plans to quadruple batteries to over 10 GW in three years (including a >1 GW standalone project); asset recycling proceeds of $4.5 billion (≈$1.3 billion net) at returns above the high end of targets; available liquidity of $4.6 billion (with a comfortable minimum around $4 billion) and a BBB+ rating; record financings of over $37 billion in 2025 (including $2.2 billion of investment‑grade financings, CAD450M 10‑yr and CAD500M 30‑yr note issuances, and a $650 million equity raise), Brookfield’s $20+ billion fundraise support, a $400 million BEPC ATM program to repurchase units, a >5% distribution increase to $1.468/unit (15 consecutive years of ≥5% growth), and a long‑term total return objective of 12–15%; management also noted structural tailwinds (battery costs down ~95% since 2010), three 20‑year hydro PPAs, a Google framework to deliver up to 3 GW of U.S. hydro and a Microsoft framework (~10.5 GW) that should accelerate contracted deliveries.Brookfield Renewable Partners Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
28
Negative
Cash Flow
33
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.52B | 5.88B | 5.04B | 4.71B | 4.10B |
| Gross Profit | 1.10B | 3.30B | 3.10B | 3.28B | 2.73B |
| EBITDA | 5.07B | 3.80B | 4.06B | 2.96B | 2.44B |
| Net Income | -19.33M | -218.00M | -50.00M | -122.00M | -136.00M |
Balance Sheet | |||||
| Total Assets | 98.52B | 94.81B | 76.13B | 64.11B | 55.87B |
| Cash, Cash Equivalents and Short-Term Investments | 2.67B | 3.70B | 1.36B | 1.24B | 987.00M |
| Total Debt | 35.73B | 35.90B | 30.92B | 25.73B | 21.99B |
| Total Liabilities | 63.61B | 58.35B | 46.15B | 37.83B | 31.87B |
| Stockholders Equity | 4.60B | 9.75B | 10.53B | 10.96B | 11.08B |
Cash Flow | |||||
| Free Cash Flow | -5.18B | -2.34B | -961.31M | -460.02M | -1.22B |
| Operating Cash Flow | 1.52B | 1.21B | 1.90B | 1.64B | 727.54M |
| Investing Cash Flow | -10.02B | -4.54B | -2.05B | -3.16B | -1.80B |
| Financing Cash Flow | 7.40B | 5.35B | 255.60M | 1.63B | 1.44B |
Brookfield Renewable Partners Technical Analysis
Positive
47.49
Price Trends
43.66
Positive
40.95
Positive
38.59
Positive
Market Momentum
1.41
Negative
62.91
Neutral
66.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BEP.UN, the sentiment is Positive. The current price of 47.49 is above the 20-day moving average (MA) of 45.72, above the 50-day MA of 43.66, and above the 200-day MA of 38.59, indicating a bullish trend. The MACD of 1.41 indicates Negative momentum. The RSI at 62.91 is Neutral, neither overbought nor oversold. The STOCH value of 66.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BEP.UN.
Brookfield Renewable Partners Risk Analysis
Brookfield Renewable Partners disclosed 1 risk factors in its most recent earnings report. Brookfield Renewable Partners reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Brookfield Renewable Partners Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | C$267.87M | -64.76 | -1.09% | 7.11% | 8.43% | -208.08% | |
61 Neutral | C$6.11B | -28.57 | -3.92% | 6.80% | 3.78% | -162.59% | |
58 Neutral | C$30.04B | -400.32 | 2.67% | 5.56% | 16.73% | 68.44% | |
53 Neutral | C$393.13M | 44.20 | 2.16% | ― | -41.86% | ― | |
51 Neutral | C$6.55B | 25.55 | 3.88% | 4.32% | -0.44% | ― | |
46 Neutral | C$3.78B | 422.17 | 0.45% | 2.62% | -0.47% | -80.56% |
* Utilities Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.