Brookfield Renewable Partners Non Voting Units T.BEP.PR.R

Desjardins

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Desjardins Securities’ Brent Stadler bumped his Brookfield Renewable Partners L.P.  target to $46 from $45 with a “hold” rating. The average is $45.78.

“We boosted our estimates to reflect the significant hydro outperformance, which highlighted closer to run-rate levels,” said Mr. Stadler. “BEP continues to execute on its development pipeline and is on track to complete 5GW (1GW net) in 2023. Given its scale and deep access to capital, BEP remains well-positioned to capitalize on the global decarbonization and energy security push and expects to exceed its five-year capital deployment target of US$6–7-billion.”