Brookfield Renewable Partners L.P. has had an eventful week, experiencing a slight dip on Monday amid news about its acquisition activities.
This past week, Brookfield Renewable Partners L.P. (BEP-UN.TO) saw a 4.44% increase in its stock price, despite a 1.75% decline on Monday. The stock's performance has been influenced by recent acquisition news and regulatory approvals that could affect its future direction.
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Brookfield Renewable Partners L.P
BEP-UN.TO
BEP-UN.TO
Brookfield Renewable Partners L.P
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Market cap
$23.46B
Div. yield
3.12%
Div. / share
$1.53
52W high
$52.86
52W low
$32.19
1W change
+4.44%
Beta
0.99
Analyst Price Targets
Based on analyst covering BEP-UN
Wall Street analysts forecast BEP-UN stock price to fall 5.9% over the next 12 months.
Consensus
Moderately BearishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$45.38
-5.9% Upside
Current Price
C$48.23
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BEP-UN's historical volatility
30-Day Vol
29.3%
Annualized
90-Day Vol
29.2%
Annualized
Trend (90d)
+12.8%
Annualized drift
90d Mean
C$50.49
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$48.97 | C$44.26 – C$54.18 |
| 60 trading days | C$49.72 | C$43.10 – C$57.37 |
| 90 trading days | C$50.49 | C$42.38 – C$60.15 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Investor takeaway: Investors should keep an eye on Brookfield Renewable's ongoing acquisitions and how these moves might impact its market position, especially as analysts maintain a moderately bearish outlook.
Brookfield Renewable Partners' stock is currently trading at C$47.80.
The stock has shown a year-to-date increase of 25.63%, reflecting strong performance against a backdrop of sector growth.
Bull case
The recent acquisition of Boralex by Brookfield, in partnership with La Caisse, could strengthen its renewable energy portfolio. This move has the potential to enhance financial performance over the long term.
Bear case
Despite the positive news surrounding acquisitions, Brookfield Renewable's current profit margin is still negative. Analysts have a moderately bearish outlook, suggesting that there may be challenges ahead.
Recent Price Action
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Brookfield Renewable Partners L.P. closed at C$47.80 on Monday, marking a 1.75% decrease for the day. However, the stock has performed well over the past week with a 4.44% increase and a notable 5.42% rise over the last month. Year-to-date, the stock has appreciated by 25.63%, showing resilience amid market fluctuations.
Company News
Recent headlines indicate that Brookfield Renewable has completed the acquisition of Boralex in collaboration with La Caisse. This acquisition could strengthen Brookfield's renewable energy portfolio, as Boralex is well-positioned in the renewable sector. Regulatory approvals for this arrangement were secured earlier this month, suggesting a smooth transition and integration process.
Technical Picture
From a technical standpoint, Brookfield Renewable's stock is trading slightly above its 50-day moving average of C$47.59, indicating a positive short-term trend. The 200-day moving average stands at C$43.82, reflecting a more extended bullish trend, as the stock is 9.1% above this level. The 52-week range of C$32.19 to C$52.86 shows that the stock is currently trading at 76% of its range, suggesting potential for further movement. The stock's beta of 0.99 indicates that it is expected to move in line with the broader market.
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