Brookfield Renewable Corporation owns and operates a portfolio of renewable energy power generating facilities primarily in Brazil, Colombia, the United States, and Europe. It operates hydroelectric, wind, and solar power plants with an installed capacity of approximately 12,812 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.
IPO Year: 2020
Exchange: NYSE
Website: bep.brookfield.com/bepc
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/20/2023 | Outperform | Exane BNP Paribas | |
| 12/9/2021 | $52.00 | Neutral → Overweight | JP Morgan |
Investment in a critical national infrastructure providing 76% of the United Kingdom's total pumped hydro storage capacityMONTRÉAL and LONDON, Sept. 24, 2024 /PRNewswire/ - CDPQ, a global investment group, today announced it has entered into an agreement with Brookfield Asset Management (NYSE:BAM) (TSX:BAM) and its institutional partners, including its listed affiliate Brookfield Renewable (NYSE:BEP) (NYSE:BEPC) (TSX:BEP) (TSX:BEPC) (together "Brookfield"), to acquire its 25% stake in First Hydro Company, a critical electricity generation and storage facility in the United Kingdom. Engie is the majority shareholder who owns the remaining 75% of the company. Responsible for the management an
6-K - Brookfield Renewable Corp (0001791863) (Filer)
6-K - Brookfield Renewable Corp (0001791863) (Filer)
6-K - Brookfield Renewable Corp (0001791863) (Filer)
6-K - Brookfield Renewable Corp (0001791863) (Filer)
6-K - Brookfield Renewable Corp (0001791863) (Filer)
6-K - Brookfield Renewable Corp (0001791863) (Filer)
6-K - Brookfield Renewable Corp (0001791863) (Filer)
6-K - Brookfield Renewable Corp (0001791863) (Filer)
6-K - Brookfield Renewable Corp (0001791863) (Filer)
6-K - Brookfield Renewable Corp (0001791863) (Filer)
10-year PPA to deliver power from Argo and Brookfield's Smoky Mountain Hydro Facilities located in east Tennessee and western North Carolina The hydro facilities will provide 377 MW of reliable, clean energy to meet demand growth in TVA's service territory The PPA will support TVA's energy transition goal to achieve net-zero by 2050 Tennessee Valley Authority ("TVA") together with Argo Infrastructure Partners, LP ("Argo") and Brookfield Asset Management ("Brookfield") (NYSE:BAM, TSX:BAM), with its listed affiliate Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC)) today announced the signing of a landmark 10-year power purchase agreement ("PPA") with power to be delivered by th
All amounts in U.S. dollars unless otherwise indicated BROOKFIELD, News, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX:BEP, NYSE:BEP) ("Brookfield Renewable Partners", "BEP") today reported financial results for the three and nine months ended September 30, 2024. "We had another successful quarter highlighted by agreements to monetize several assets, crystallizing strong returns and generating significant funds to deploy into future growth. We also signed numerous favorable large-scale contracts within our North American hydro portfolio during the quarter that will enable us to execute upfinancings providing additional capital to invest in the current attracti
Two leading renewable energy players partner on operational U.K. offshore wind farms. Brookfield to acquire a 12.45% stake in 3.5 GW offshore wind portfolio under long-term contracts LONDON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Ørsted (CPH: ORSTED) has signed a partnership agreement with Brookfield (NYSE:BAM, TSX:BAM), its institutional partners and its listed affiliate Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC)), who will acquire 12.45% minority stakes in four of Ørsted's operational U.K. offshore wind farms: Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension, which have a combined total capacity of approximately 3.5 GW. The enterprise value of the transaction is $2
BROOKFIELD, NEWS, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (NYSE:BEP, TSX:BEP) (the "Partnership") and Brookfield Renewable Corporation ("BEPC") ((TSX, NYSE:BEPC) today announced their intention to complete a reorganization (the "Arrangement") that maintains the benefits of Brookfield Renewable's business structure, while addressing proposed amendments to the Income Tax Act (Canada) that are expected to result in additional costs to BEPC if no action is taken. BEPC was created by the Partnership in 2020 to provide investors with an opportunity to gain access to the Partnership's globally diversified portfolio of high-quality renewable power and sustainable solu
BROOKFIELD, News, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC))) ("Brookfield Renewable") will hold its Third Quarter 2024 Conference Call and Webcast on Friday, November 8, 2024 at 8:30 a.m. ET to discuss results and business initiatives. Results will be released on Friday, November 8, 2024 at approximately 7:00 a.m. ET and will be available on our website at https://bep.brookfield.com under "Press Releases". Participants can join by conference call or webcast: Conference Call Please pre-register for conference call by clicking hereUpon registering, you will be emailed a dial-in number, direct passcode and unique PIN. This process will bypass
As an established renewables platform equipped with end-to-end capabilities and strong growth opportunities, Saeta strengthens Masdar's footprint in the Iberian PeninsulaSuccessful execution of Brookfield's business plan resulted in significant value creation and growth of SaetaThe transaction would see Masdar acquire a portfolio of 745 MW of predominantly wind assets, and a 1.6 GW development pipeline in Spain and PortugalDeal advances Masdar's growth plans in the region, representing one of Spain and Portugal's largest renewable energy transactions, as the company targets global capacity of 100 GW by 2030 ABU DHABI, United Arab Emirates and MADRID, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Abu
Investment in a critical national infrastructure providing 76% of the United Kingdom's total pumped hydro storage capacityMONTRÉAL and LONDON, Sept. 24, 2024 /PRNewswire/ - CDPQ, a global investment group, today announced it has entered into an agreement with Brookfield Asset Management (NYSE:BAM) (TSX:BAM) and its institutional partners, including its listed affiliate Brookfield Renewable (NYSE:BEP) (NYSE:BEPC) (TSX:BEP) (TSX:BEPC) (together "Brookfield"), to acquire its 25% stake in First Hydro Company, a critical electricity generation and storage facility in the United Kingdom. Engie is the majority shareholder who owns the remaining 75% of the company. Responsible for the management an
All amounts in U.S. dollars unless otherwise indicated BROOKFIELD, NEWS, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX:BEP, NYSE:BEP) ("Brookfield Renewable Partners", "BEP") today reported financial results for the three and six months ended June 30, 2024. "We had another strong quarter, building on our momentum to start to the year with operating results and growth initiatives that position us to deliver our target 10%+ FFO per unit growth target for 2024. We were successful deploying significant capital into opportunities that further enhance the market-leading reach and scale of our business. Our investments focused on adding leading platfo
BROOKFIELD, NEWS, July 17, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX:BEP, NYSE:BEP) ("Brookfield Renewable") today announced that after having taken into account all election notices received by the July 16, 2024 deadline for conversion of Brookfield Renewable Power Preferred Equity Inc.'s ("BRP Equity") currently outstanding Class A Preference Shares, Series 3 (the "Series 3 Shares") (TSX:BRF) into Class A Preference Shares, Series 4 (the "Series 4 Shares"), no Series 3 Shares will be converted into Series 4 Shares. Based on the number of Series 3 Shares tendered for conversion, BRP Equity determined that there would be fewer than the 1,000,000 Series 4 Shares outs
BROOKFIELD, NEWS, July 15, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC))) ("Brookfield Renewable") today announced that it has agreed to issue C$400 million aggregate principal amount of medium-term notes (the "Notes"), comprised of C$100 million aggregate principal amount of Series 17 Notes (the "Series 17 Notes"), due January 10, 2054, with an effective interest rate1 of 5.417% and C$300 million aggregate principal amount of Series 18 Notes (the "Series 18 Notes"), due October 20, 2034, which will bear interest at a rate of 4.959% per annum. The Series 17 Notes will be issued as a re-opening on identical terms, other than issue date and the price to the
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All amounts in U.S. dollars unless otherwise indicated BROOKFIELD, News, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX:BEP, NYSE:BEP) ("Brookfield Renewable Partners", "BEP") today reported financial results for the three and nine months ended September 30, 2024. "We had another successful quarter highlighted by agreements to monetize several assets, crystallizing strong returns and generating significant funds to deploy into future growth. We also signed numerous favorable large-scale contracts within our North American hydro portfolio during the quarter that will enable us to execute upfinancings providing additional capital to invest in the current attracti
Two leading renewable energy players partner on operational U.K. offshore wind farms. Brookfield to acquire a 12.45% stake in 3.5 GW offshore wind portfolio under long-term contracts LONDON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Ørsted (CPH: ORSTED) has signed a partnership agreement with Brookfield (NYSE:BAM, TSX:BAM), its institutional partners and its listed affiliate Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC)), who will acquire 12.45% minority stakes in four of Ørsted's operational U.K. offshore wind farms: Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension, which have a combined total capacity of approximately 3.5 GW. The enterprise value of the transaction is $2
BROOKFIELD, News, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC))) ("Brookfield Renewable") will hold its Third Quarter 2024 Conference Call and Webcast on Friday, November 8, 2024 at 8:30 a.m. ET to discuss results and business initiatives. Results will be released on Friday, November 8, 2024 at approximately 7:00 a.m. ET and will be available on our website at https://bep.brookfield.com under "Press Releases". Participants can join by conference call or webcast: Conference Call Please pre-register for conference call by clicking hereUpon registering, you will be emailed a dial-in number, direct passcode and unique PIN. This process will bypass
All amounts in U.S. dollars unless otherwise indicated BROOKFIELD, NEWS, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX:BEP, NYSE:BEP) ("Brookfield Renewable Partners", "BEP") today reported financial results for the three and six months ended June 30, 2024. "We had another strong quarter, building on our momentum to start to the year with operating results and growth initiatives that position us to deliver our target 10%+ FFO per unit growth target for 2024. We were successful deploying significant capital into opportunities that further enhance the market-leading reach and scale of our business. Our investments focused on adding leading platfo
BROOKFIELD, NEWS, July 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX:BEP, NYSE:BEP) ("Brookfield Renewable") today announced that Brookfield Renewable Power Preferred Equity Inc. ("BRP Equity") has determined the fixed dividend rate on its Class A Preference Shares, Series 3 ("Series 3 Shares") (TSX:BRF) for the five years commencing August 1, 2024 and ending July 31, 2029. Series 3 Shares and Series 4 Shares If declared, the fixed quarterly dividends on the Series 3 Shares during the five years commencing August 1, 2024 will be paid at an annual rate of 6.519% ($0.4074375 per share per quarter). Holders of Series 3 Shares have the right, at their option, exercisa
BROOKFIELD, News, June 27, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC))) ("Brookfield Renewable") will hold its Second Quarter 2024 Conference Call and Webcast on Friday, August 2, 2024 at 9:00 a.m. ET to discuss results and business initiatives. Results will be released on Friday, August 2, 2024 at approximately 7:00 a.m. ET and will be available on our website at https://bep.brookfield.com/ under "Press Releases". Participants can join by conference call or webcast: Conference Call Please pre-register for conference call by clicking hereUpon registering, you will be emailed a dial-in number, direct passcode and unique PIN. This process will b
NOT FOR DISTRIBUTION, PUBLICATION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR TO ANY US PERSON, OR TO ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, PUBLICATION OR RELEASE WOULD BE UNLAWFUL. Brookfield has entered into exclusive negotiations with Impala, the Fonds Stratégique de Participations managed by ISALT, Cartusiai and Xavier Barbaro, and other shareholdersii to acquire approximately 53.32% of the outstanding shares of Neoen at a price of 39.85 euros per shareiii. The acquisition price represents a 26.9% premium over the last closing price and premia of 40.3% and 43.5% over the 3- and 6-months volume-weighted average price respec
All amounts in U.S. dollars unless otherwise indicated BROOKFIELD, News, May 03, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX:BEP, NYSE:BEP) ("Brookfield Renewable Partners", "BEP") today reported financial results for the three months ended March 31, 2024. "We had a strong start to the year delivering record results and executing on our business plans. We signed a landmark agreement with Microsoft, which expands on our longstanding partnership, to deliver over 10.5 gigawatts of additional renewable energy capacity to enable the growth of their AI powered cloud services business," said Connor Teskey, CEO of Brookfield Renewable. "The agreement is a testament to our ab
BROOKFIELD, News, April 01, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC))) ("Brookfield Renewable") will hold its First Quarter 2024 Conference Call and Webcast on Friday, May 3, 2024 at 8:30 a.m. ET to discuss results and business initiatives. Results will be released on Friday, May 3, 2024 at approximately 7:00 a.m. ET and will be available on our website at https://bep.brookfield.com/ under "Press Releases". Participants can join by conference call or webcast: Conference Call Please pre-register for conference call by clicking hereUpon registering, you will be emailed a dial-in number, direct passcode and unique PIN. This process will bypass
All amounts in U.S. dollars unless otherwise indicated BROOKFIELD, News, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX:BEP, NYSE:BEP) ("Brookfield Renewable Partners", "BEP") today reported financial results for the three and twelve months ended December 31, 2023. "2023 was a record year for our business on almost all metrics. We generated record FFO per unit, added almost 5,000 megawatts of capacity through development, and deployed or committed $9 billion into growth along with our partners. We delivered these results in a rising rate environment and one where supply chains were facing challenges, demonstrating how our access to scale capital and discipl
Exane BNP Paribas initiated coverage of Brookfield Renewable Corp. with a rating of Outperform
JP Morgan upgraded Brookfield Renewable from Neutral to Overweight and set a new price target of $52.00
Wells Fargo upgraded Brookfield Renewable Corp. from Equal Weight to Overweight and set a new price target of $53.00 from $47.00 previously
JP Morgan initiated coverage of Brookfield Renewable Corp. with a rating of Neutral
JP Morgan initiated coverage of Brookfield Renewable with a rating of Neutral and set a new price target of $49.00
Wells Fargo & Company upgraded Brookfield Renewable from Underweight to Equal Weight
JP Morgan analyst Mark Strouse maintains Brookfield Renewable (NYSE:BEPC) with a Neutral and raises the price target from $30 to $33.
The stock market is poised to mark a third consecutive session of gains, with major indices all trading in the green during midday trading in New York on Monday, as traders continue to react positively to quarterly earnings and the Federal Reserve’s unexpectedly dovish stance in its latest meeting. For Q1 2024, 80% of S&P 500 companies have disclosed actual results, with over three quarters of them surpassing EPS estimates and 61% exceeding revenue estimates, according to FactSet. The S&P 500 rose by 0.4%, with the tech-heavy Nasdaq 100 showing a similar daily surge. Small caps, as measured by the iShares Russell 2000 ETF Trust (NYSE:IWM), outperformed large caps, rising by 1.2%. Pa
Brookfield Renewable (NYSE:BEPC) reported quarterly losses of $(0.23) per share which beat the analyst consensus estimate of $(0.29) by 20.69 percent. This is a 155.56 percent decrease over losses of $(0.09) per share from the same period last year. The company reported quarterly sales of $1.492 billion which beat the analyst consensus estimate of $1.455 billion by 2.54 percent. This is a 12.10 percent increase over sales of $1.331 billion the same period last year.
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Brookfield Renewable (NYSE:BEPC) is set to give its latest quarterly earnings report on Friday, 2024-02-02. Here's what investors need to know before the announcement. Analysts estimate that Brookfield Renewable will report an earnings per share (EPS) of $-0.14. Brookfield Renewable bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.02, which was followed by
The Meaning Behind Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching: Hawaiian Electric Indus (NYSE:HE) - P/E: 7.02 Enel Chile (NYSE:ENIC) - P/E: 2.74 Altus Power (NYSE:AMPS) - P/E: 9.96 Cia Energetica DE Minas (NYSE:CIG) - P/E: 4.75
What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching: Hawaiian Electric Indus (NYSE:HE) - P/E: 7.06 TransAlta (NYSE:TAC) - P/E: 4.69 OPAL Fuels (NASDAQ:OPAL) - P/E: 6.53 Brookfield Renewable (NYSE:BEPC) - P/E: 3.29 Suburban Propane Partners (NYSE:SPH) - P/E: 9.69 Hawaiian Electric Indus has reported Q3 earnings per share at $0.56, which has increased by
What are Value Stocks? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the utilities sector: Enel Chile (NYSE:ENIC) - P/E: 2.61 Brookfield Renewable (NYSE:BEPC) - P/E: 3.29 Hawaiian Electric Indus (NYSE:HE) - P/E: 7.04 Suburban Propane Partners (NYSE:SPH) - P/E: 9.67 TransAlta (NYSE:TAC) - P/E: 4.85 This quarter, Enel Chile experienced an increase in earnings per share, which was $0.1 in Q2 and is now $0.14. Most r
The Notes will be issued pursuant to a base shelf prospectus dated September 8, 2023 and a related prospectus supplement and pricing supplement to be dated January 8, 2024. The issue is expected to close on or about January 10, 2024 subject to customary closing conditions.
What Defines a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the utilities sector: OPAL Fuels (NASDAQ:OPAL) - P/E: 7.04 Cia Energetica DE Minas (NYSE:CIG) - P/E: 4.65 Brookfield Renewable (NYSE:BEPC) - P/E: 3.34 Hawaiian Electric Indus (NYSE:HE) - P/E: 8.15 Suburban Pr