In a report released today, Robert Hope from Scotiabank reiterated a Buy rating on Brookfield Renewable Partners (BEP – Research Report), with a price target of $30.00. The company’s shares closed last Friday at $25.41.
Hope covers the Energy sector, focusing on stocks such as AltaGas, Enbridge, and TC Energy. According to TipRanks, Hope has an average return of 8.5% and a 61.69% success rate on recommended stocks.
Brookfield Renewable Partners has an analyst consensus of Moderate Buy, with a price target consensus of $28.83, which is a 13.46% upside from current levels. In a report released on February 2, Wells Fargo also maintained a Buy rating on the stock with a $32.00 price target.
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BEP market cap is currently $16.91B and has a P/E ratio of -78.55.
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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
