RBC Capital analyst Nelson Ng maintained a Buy rating on Brookfield Renewable Partners (BEP – Research Report) on April 25 and set a price target of $29.00. The company’s shares closed yesterday at $21.34.
Ng covers the Utilities sector, focusing on stocks such as Northland Power, Brookfield Renewable Partners, and Algonquin Power & Utilities. According to TipRanks, Ng has an average return of 5.7% and a 54.11% success rate on recommended stocks.
Currently, the analyst consensus on Brookfield Renewable Partners is a Strong Buy with an average price target of $28.88.
BEP market cap is currently $14.44B and has a P/E ratio of -67.79.
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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 to Host First Quarter 2024 Results Conference Call
- Brookfield Renewable’s Strategic Green Financing Move
- Brookfield Renewable’s $150M Green Note Issuance
- Brookfield Renewable Launches $150M Green Bonds
- Brookfield Renewable Announces $150 Million Green Perpetual Subordinated Note Issuance and Intention to Redeem Series 15 Preferred Units
