Brookfield Renewable Energy Partners (BEP) reported $712 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 10.4%. EPS of $0.01 for the same period compares to -$0.16 a year ago.The reported revenue represents a surprise of -4.19% over the Zacks Consensus Estimate of $743.15 million. With the consensus EPS estimate being -$0.02, the EPS surprise was +150.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...

12-15% target returns are calculated as annualized cash return on investment. Our hydroelectric segment delivered FFO of $624 million. Despite a more challenging year from a resource perspective in our high value markets, the portfolio performed well, benefiting from strong all-in power prices. Reservoirs have rebounded to start 2024, with the first quarter trending positively compared with the end of 2023. The quarterly dividends on BEP's preferred shares and preferred LP units have also been declared. Bro ...

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 ...

In the ever-evolving urban landscape, savvy investors are focusing on urban development stocks poised to capitalize on emerging trends. Retail sector growth is at the forefront, with a solid uptick in retail tenant demand, while the hybrid work model has cemented its place in the corporate world. Simultaneously, the integration of AI in real estate and the increasing focus on climate change adaptation and smart cities are creating opportunities in tech-savvy and ESG-oriented companies. This landscape, along ...

In its upcoming report, Brookfield Renewable Energy Partners (BEP) is predicted by Wall Street analysts to post quarterly loss of $0.02 per share, reflecting an increase of 87.5% compared to the same period last year. Revenues are forecasted to be $743.15 million, representing a year-over-year increase of 15.2%.The consensus EPS estimate for the quarter has been revised 15.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated the ...

Brookfield Renewable (BEPC 0.18%) (BEP -0.04%) operates one of the world's largest renewable power platforms. It has more than 31 gigawatts (GWs) of capacity. That's enough clean power to offset the carbon emissions of a country the size of France. The company's extensive clean power portfolio generates lots of free cash flow ($840 million in funds from operations (FFO) through the third quarter of last year). That gives it money to pay an attractive dividend (currently yielding 4.8%) and invest in its cont ...

Daniel Bosma/Moment via Getty Images Brookfield Renewable Partners (NYSE:BEP) has done well since we last recommended it in October. The company's total return since has almost doubled the S&P 500, perhaps giving the illusion that the opportunity to invest has passed. Despite that recent strength, the company is well-positioned in a growing market, making it a valuable investment. Renewable Energy Growth Not just for environmental reasons, renewable energy has hit a point where it's cheaper than coal and na ...

As the curtain opens in 2024, the focus on climate change and renewable energy intensifies. The International Energy Agency’s World Energy Outlook 2023 reveals a future where renewable sources will make up 50% of the global electricity mix by 2030. Hence, the shift toward a greener future is accelerating, and even after a tough year, renewable energy stocks are ready for a resurgence.Moreover, driven by the urgent need to address climate change, governments worldwide are progressively embracing renewable en ...

Brookfield Renewable (BEPC) (BEP 1.42%) is a cash flow machine. The renewable energy producer generates very stable cash flow backed by long-term power purchase agreements with utilities and large corporate buyers. It uses that cash to pay dividends and grow its portfolio of cash-producing clean energy assets.That strategy has paid off for shareholders over the years. Brookfield Renewable has consistently beaten the S&P 500:TimeframeBrookfield Renewable Annualized Total ReturnS&P 500 Annualized Total Return ...

The green revolution is making our future look clean and green. IEA’s new World Energy Outlook 2023 states that the world is set to change significantly by 2030. It also adds that the share of renewable energy will be 50% of the global electricity mix. Renewable energy is the way to go ahead and, although these energy stocks had a rough year and the companies couldn’t impress investors, it is time to reconsider them. The companies discussed here benefit from government subsidies, which allow for higher reve ...