Brookfield Renewable Partners Non Voting Units T.BEP.UN

Analyst Comment

[retiredcf]

HOLD

Brookfield Renewable Energy(BEP.UN-T)

13/07/2023

 

Rallied when Democrats got into power, got ahead of itself. Higher interest rates have been a headwind. Likes it. Quite large, global player, involved in different sources of renewable energy. Westinghouse gives them niche entry into nuclear. Most cashflows are inflation-protected. Relatively attractive yield of 4.5%.

Utilities

Christine Poole

$39.690

Owned

[retiredcf]

And more. GLTA Last month, BEP.UN  issued equity at US$30.35 to acquire the renewal assets of Duke Energy. At the moment the units are trading below offer price.  Is it a better choice than TCL.A or Alta Gas considering the growth and dividend increases in future?  We would consider BEP to be a 'much better' company overall than both ALA and TCL.A. TCL has low growth