Brookfield Renewable Energy Partners (TSE:BEP.UT)
NYSE:BEP.UT
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Brookfield Renewable Partners
(NYSE:BEP.UT)
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Rating:56Neutral
Price Target:
C$46.00
▼(-3.14% Downside)
Action:Reiterated
Date:05/01/26
The score is held back primarily by weak financial statement quality (high leverage, recurring net losses, and negative free cash flow). Offsetting this, the earnings call indicates strong FFO momentum, liquidity and execution progress, while technicals are mixed and valuation is supported mainly by the dividend yield given negative earnings.
Positive Factors
FFO and Operating Cash Generation
Sustained FFO growth and positive operating cash flow signal durable core cash generation from contracted and merchant assets. Over 2–6 months this supports distributions, funds development capex, and reduces reliance on equity if management converts operating cash into predictable free cash or finances selectively.
Negative Factors
Very High Leverage
Rapidly rising leverage materially increases financial risk for a capital‑intensive operator. Elevated debt magnifies sensitivity to interest rates, limits capacity for opportunistic investments, and constrains balance‑sheet flexibility if asset sales or financings are delayed or executed at weaker terms.
Read all positive and negative factors
Positive Factors
Negative Factors
FFO and Operating Cash Generation
Sustained FFO growth and positive operating cash flow signal durable core cash generation from contracted and merchant assets. Over 2–6 months this supports distributions, funds development capex, and reduces reliance on equity if management converts operating cash into predictable free cash or finances selectively.
Read all positive factors
Brookfield Renewable Partners (BEP.UT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$33.43B
Dividend Yield5.56%
Average Volume (3M)341.83K
Price to Earnings (P/E)―
Beta (1Y)0.78
Revenue Growth9.98%
EPS Growth69.82%
CountryCA
Employees5,270
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)0.65
Shares Outstanding305,987,980
10 Day Avg. Volume314,780
30 Day Avg. Volume341,828
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$49.05Price Target Upside3.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)-1.51
Revenue Forecast (FY)C$6.91B
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:May 01, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 31, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial momentum: record FFO, robust segment-level growth (notably wind/solar and hydro), large-scale capacity additions, meaningful M&A (Boralex), scaled asset recycling with attractive realized returns, and a strengthened liquidity and financing profile. Management acknowledged regional market volatility from geopolitical tensions, weaker U.S. hydrology in places, and the timing/approval risks associated with large transactions and structural changes. On balance, positive operational execution, pipeline scale, and capital strength materially outweigh the noted risks and timing uncertainties.Positive Updates
Record Quarterly and Trailing Twelve-Month FFO
Generated FFO of $375 million in Q1 2026, up 19% year-over-year (15% per unit), equating to $0.55 per unit. Trailing 12-month FFO was $1.394 billion, or $2.08 per unit, up 13% (12% per unit) versus prior year.
Negative Updates
Regional Market Disruption from Middle East Conflict
Conflict created market disruption and higher energy prices in some regions. Management noted limited direct impact to BEP’s limited regional investments and contracted business, but acknowledged near-term market volatility and geopolitical risk.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Quarterly and Trailing Twelve-Month FFO
Generated FFO of $375 million in Q1 2026, up 19% year-over-year (15% per unit), equating to $0.55 per unit. Trailing 12-month FFO was $1.394 billion, or $2.08 per unit, up 13% (12% per unit) versus prior year.
Read all positive updates
Company Guidance
The call laid out several concrete targets and near‑term expectations: management expects to raise its annual commissioning run‑rate to ~10 GW/year by 2027, aims to deliver 12–15% long‑term total returns and says it is well‑positioned to exceed its 10% FFO‑per‑unit growth target in the near term; over a five‑year horizon it plans $9–10 billion of equity deployment with at least one‑third coming from asset recycling. Near‑term activity includes 1.8 GW brought online and 1.7 GW contracted in Q1 (over 9 GW commissioned in the last 12 months), a robust 2026 asset‑recycling program expected to generate roughly $2.8–3.0 billion of proceeds (~$800–$820 million net to BEP), and a Northview Energy vehicle seeded with $1.3 billion of asset sales ($315 million net to BEP) with a framework to deliver up to an additional $1.5 billion of gross proceeds over time (to be consumed over ~2–4 years). Financial posture guidance: the business finished Q1 with >$4.7 billion of available liquidity, completed almost $4 billion of financings in the quarter (including C$500 million of 30‑year notes), has stretched average corporate debt maturity to ~14 years, and expects M&A (e.g., the announced $6.5 billion implied EV Boralex transaction, 70% to be acquired by BEP/partners) to be accretive on close later this year.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
45.55
Positive
42.83
Positive
39.88
Positive
Market Momentum
0.59
Negative
62.19
Neutral
77.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BEP.UT, the sentiment is Positive. The current price of 47.49 is above the 20-day moving average (MA) of 46.40, above the 50-day MA of 45.55, and above the 200-day MA of 39.88, indicating a bullish trend. The MACD of 0.59 indicates Negative momentum. The RSI at 62.19 is Neutral, neither overbought nor oversold. The STOCH value of 77.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BEP.UT.
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 |
|---|---|---|---|---|---|---|---|
68 Neutral | C$454.34M | 6.36 | 5.00% | ― | -23.88% | ― | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
61 Neutral | C$6.01B | 17.22 | -3.45% | 6.80% | 14.34% | -157.00% | |
59 Neutral | C$259.09M | -74.34 | 2.96% | 7.11% | 5.21% | ― | |
56 Neutral | C$33.43B | -400.32 | 2.67% | 5.56% | 9.98% | 69.82% | |
53 Neutral | C$6.26B | 13.89 | 3.63% | 4.32% | 1.84% | ― | |
50 Neutral | C$3.79B | -104.58 | -2.08% | 2.62% | 9.25% | -391.03% |
* Utilities Sector Average
TSE:BEP.UT
Brookfield Renewable Partners
49.07
18.48
60.40%
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TSE:LCFS
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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.