BMO Capital analyst Benjamin Pham maintained a Buy rating on Brookfield Renewable Partners (BEP – Research Report) yesterday and set a price target of $33.00. The company’s shares closed last Friday at $28.01.
According to TipRanks, Pham is a 5-star analyst with an average return of 9.7% and a 69.57% success rate. Pham covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Northland Power, and TransAlta.
In addition to BMO Capital, Brookfield Renewable Partners also received a Buy from JonesTrading’s Eduardo Seda in a report issued on January 24. However, today, Industrial Alliance Securities downgraded Brookfield Renewable Partners (NYSE: BEP) to a Hold.
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Based on Brookfield Renewable Partners’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.27 billion and a net profit of $3 million. In comparison, last year the company earned a revenue of $966 million and had a GAAP net loss of $44 million
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Brookfield Renewable Partners LP engages in owning a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China.. It operates through following segments: Hydroelectric; Wind; Solar; Storage and Other; and Corporate. The company was founded on June 27, 2011 and is headquartered in Hamilton, Bermuda.
Read More on BEP:
- Brookfield Renewable Partners raises dividend 5.5% to 33.75c
- Brookfield Renewable Partners reports Q4 FFO 35c vs. 33c a year ago
- Brookfield Renewable Announces Record Results and 5.5% Distribution Increase
- What You Missed This Week in EVs and Clean Energy
- Brookfield Renewable Partners initiated with a Buy at JonesResearch
