Brookfield Renewable Partners Non Voting Units BRENF

Primary Symbol: BEP Alternate Symbol(s): T.BEP.UN | T.BEP.PR.G | T.BEP.PR.M | T.BEP.PR.R

Utilities Utilities - Independent Power Producers

Brookfield Renewable Partners L.P. is a Bermuda-based globally diversified, multi-technology, owner and operator of clean energy and sustainable solutions assets. The Company’s segments include hydroelectric, wind, utility-scale solar and distributed energy, and storage, which includes distributed generation and pumped storage, sustainable solutions, and corporate. Its sustainable solutions include renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation. It has approximately 33,000 megawatts of renewable power operating capacity and an approximately 155,000-megawatt development pipeline. The Company’s portfolio of sustainable solutions includes investment in businesses with an operating portfolio of 47 thousand metric tons per annum of carbon capture and storage, three million Metric Million British thermal units of agricultural renewable natural gas. It is also engaged in the nuclear service business.

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Brookfield Renewable Partners Non Voting Units > Stockchase Insights

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Comment by retiredcfon Dec 18, 2022 8:17am

400 Views

Post# 35178257

RE:Stockchase Insights

More details as to why we're at a 52 week low. Clearly this is a long term investment. GLTA

Investors seem concerned with its future growth prospects as the capital that fueled its growth in the last few years included:

- Organic cash flow (affected by cost pressures)
- Issuance of shares (which became more expensive as the multiple declined, the company repurchased shares in the recent quarter indicating management believes they are undervalued)
- Debt issuance (interest rates going up becomes a headwind)

That said, 90% of its borrowings are non-recourse debts, with an average remaining term of 12 years. The company has no material near-term maturities in the next five years and only 3% exposure to floating rate debt. BEP.UN is a $17.5B company, with a reasonable valuation, a solid yield of 3.5%, and good historical growth rates. We still like the name for at least a three to five year holding period.