Wells Fargo analyst Jonathan Reeder maintained a Buy rating on Brookfield Renewable Partners (BEP – Research Report) on February 2 and set a price target of $32.00. The company’s shares closed last Friday at $25.41.
Reeder covers the Utilities sector, focusing on stocks such as Essential Utilities, Brookfield Infrastructure, and American States Water. According to TipRanks, Reeder has an average return of 3.6% and a 52.31% success rate on recommended stocks.
Brookfield Renewable Partners has an analyst consensus of Moderate Buy, with a price target consensus of $27.31, which is a 7.48% upside from current levels. In a report released on January 29, RBC Capital also maintained a Buy rating on the stock with a $29.00 price target.
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Based on Brookfield Renewable Partners’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.3 billion and a GAAP net loss of $41 million. In comparison, last year the company earned a revenue of $1.13 billion and had a GAAP net loss of $28 million
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Brookfield Renewable Partners (BEP) Company Description:
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 Reports Record Results and Announces 5% Distribution Increase
- Brookfield Renewable raises quarterly distribution 5% to 35.5c per share
- Options Volatility and Implied Earnings Moves Today, February 02, 2024
- Brookfield Renewable Partners reports Q4 FFO 38c vs. 35c last year
- Brookfield Renewable Energy Partners (BEP) Q4 Earnings Cheat Sheet
