Upside case
Bull case
—
The bull case requires both strong earnings delivery and the market pricing BEP more generously than it does today.
Analysis OverviewBuyUpdated May 1, 2026
Brookfield Renewable Partners L.P. (BEP) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
20
analysts
14 bullish · 0 bearish · 20 covering BEP
Strong Buy
1
Buy
13
Hold
6
Sell
0
Strong Sell
0
Consensus Target
$35
+4.4% vs today
Scenario Range
— – —
Model bear to bull value window
Coverage
20
Published analyst ratings
Valuation Context
—
Forward P/E · Market cap $10.3B
BEP price targets
Three scenarios for where BEP stock could go
Current
~$34
Confidence
34 / 100
Updated
May 1, 2026
Market caseClosest to today
Base case
—
The base case reflects analyst consensus expectations — steady delivery without requiring a major catalyst or re-rating.
Stress case
Bear case
—
The bear case reflects a scenario where earnings shortfalls or multiple compression combine to materially reduce the stock from its current level.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Brookfield Renewable Partners L.P.
BEP · NYSEUtilitiesRenewable UtilitiesDecember year-end
Brookfield Renewable Partners is one of the world's largest publicly traded renewable power platforms, owning and operating hydroelectric, wind, solar, and storage facilities across multiple continents. It generates revenue primarily through long-term power purchase agreements — selling electricity to utilities and corporate customers — with additional income from development activities and asset sales. Its key advantage is scale and diversification across geographies and technologies, backed by Brookfield Asset Management's deep capital and operational expertise.
Market Cap
$10.3B
Revenue TTM
$6.4B
Net Income TTM
$212M
Net Margin
3.3%
BEP Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
33%Exceptional
12 quarters tracked
Revenue Beat Rate
42%Exceptional
vs consensus estimates
Avg EPS Surprise
-198.1%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 2 of 4Q3 2025
EPS
$-0.22/$-0.19
Revenue
$1.7B/$1.6B
Q4 2025
EPS
$-0.23/$-0.45
Revenue
$1.6B/$1.6B
Q1 2026
EPS
$0.54/$-0.34
Revenue
$1.5B/$1.4B
Q2 2026
EPS
$-0.40/$-0.36
Revenue
$1.5B/$1.5B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $-0.22/$-0.19 | -15.8% | $1.7B/$1.6B | +4.8% |
| Q4 2025 | $-0.23/$-0.45 | +48.9% | $1.6B/$1.6B | -0.8% |
| Q1 2026 | $0.54/$-0.34 | +258.8% | $1.5B/$1.4B | +8.7% |
| Q2 2026 | $-0.40/$-0.36 | -11.1% | $1.5B/$1.5B | +1.0% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$7.0B
+8.4% YoY
FY2
$7.5B
+8.1% YoY
EPS Outlook
FY1
$0.42
-43.2% YoY
FY2
$0.38
-9.9% YoY
Trailing FCF (TTM)-$8.3B
FCF Margin: -128.7%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
BEP beat EPS estimates in 2 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
BEP Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $2.7B
Product Mix
Latest annual revenue by segment or product family
Segment breakdown not available for this company.
Geographic Mix
Latest annual revenue by reported region
COLOMBIA
47.2%
-13.2% YoY
Tap, hover, or focus a slice to inspect segment detail.
COLOMBIA is the largest reported region at 47.2%, down 13.2% YoY.
BEP Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Undervalued
Fair value est. $61 — implies +83.8% from today's price.
Upside to Fair Value
83.8%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
BEP
-499.7x
vs
S&P 500
25.1x
2090% discount
vs Utilities Trailing P/E
BEP
-499.7x
vs
Utilities
20.1x
2591% discount
vs BEP 5Y Avg P/E
Today
-499.7x
vs
5Y Average
—
Benchmark unavailable
Forward PE
—
S&P 500
19.1x
—
Utilities
17.5x
—
5Y Avg
—
—
Trailing PE
-499.7x
S&P 500
25.1x
-2090%
Utilities
20.1x
-2591%
5Y Avg
—
—
PEG Ratio
—
S&P 500
1.72x
—
Utilities
1.69x
—
5Y Avg
—
—
EV/EBITDA
13.1x
S&P 500
15.2x
-14%
Utilities
11.4x
+15%
5Y Avg
12.3x
+7%
Price/FCF
—
S&P 500
21.1x
—
Utilities
15.1x
—
5Y Avg
—
—
Price/Sales
1.6x
S&P 500
3.1x
-49%
Utilities
2.2x
-26%
5Y Avg
1.5x
+3%
Dividend Yield
12.00%
S&P 500
1.87%
+543%
Utilities
3.06%
+292%
5Y Avg
13.06%
-8%
| Metric | BEP | S&P 500 | Utilities | 5Y Avg BEP |
|---|---|---|---|---|
| Forward PE | — | 19.1x | 17.5x | — |
| Trailing PE | -499.7x | 25.1x-2090% | 20.1x-2591% | — |
| PEG Ratio | — | 1.72x | 1.69x | — |
| EV/EBITDA | 13.1x | 15.2x-14% | 11.4x+15% | 12.3x |
| Price/FCF | — | 21.1x | 15.1x | — |
| Price/Sales | 1.6x | 3.1x-49% | 2.2x-26% | 1.5x |
| Dividend Yield | 12.00% | 1.87% | 3.06% | 13.06% |
BEP trades above S&P 500 benchmarks on 0 of 3 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolBEP Financial Health
Verdict
Adequate
BEP earns 13.3% operating margin on regulated earnings, 12.0% dividend yield. Utilities carry higher leverage than industrials as a structural feature of the business model.
Regulated Operations
Revenue, regulated margins, and earnings
Revenue (TTM)
Trailing-twelve-month sales base
$6.4B
Revenue Growth
TTM vs prior year
+9.4%
Operating Margin
Operating income divided by revenue
13.3%
Net Margin
Net income divided by revenue
3.3%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$0.74
Operating Margin
Operating income over revenue — primary regulated earnings signal
13.3%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
0.9%
ROA
Return on assets, trailing twelve months
0.2%
Cash & Equivalents
Liquid assets on the balance sheet
$2.3B
Net Debt
Total debt minus cash
$33.4B
Debt Serviceability
Net debt as a multiple of annual free cash flow
—
Regulated utilities typically operate at 3–5× net debt/FCF — this is structural, not a risk flag.
ROE
Return on equity, trailing twelve months
0.6%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
12.0%
Dividend
12.0%
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
$4.04
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
306M
All figures from the trailing twelve months. Utilities operate with structural leverage (3–5× net debt/FCF) due to regulated, predictable cash flows.
Open full ratios pageBEP Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
High Debt Load
BEP carries a significant debt load with a net debt to EBITDA ratio of 6.0x, raising concerns about its financial stability. Interest expenses have exceeded operating income, creating pressure on the company until interest rates moderate.
High Risk
Negative Earnings
The company has reported a negative price-to-earnings (P/E) ratio of -30.37, indicating negative earnings over the trailing twelve months. This raises concerns about its profitability and financial health.
High Risk
Liquidity Challenges
BEP has a current ratio of 0.61, suggesting potential difficulties in meeting its short-term obligations. This low liquidity position could impact its operational flexibility.
Medium
Dividend Payout Ratio
BEP has a high dividend payout ratio of 86%, which may limit its ability to reinvest in growth or manage financial challenges. This could pose risks to future dividend sustainability.
Medium
Political Uncertainty
Political uncertainty surrounding renewable energy policies can significantly impact BEP's operations and profitability. Changes in government policies could lead to regulatory risks and affect market conditions.
Medium
Interest Rate Sensitivity
The company's financial performance is sensitive to fluctuations in interest rates. Rising interest rates could increase borrowing costs and negatively affect profitability.
Lower
Market Volatility
While BEP has shown stable price movement in the past three months, broader market volatility can still affect its stock performance. This could lead to fluctuations in investor sentiment and stock price.
Lower
Dependence on Brookfield Asset Management
BEP's dependence on Brookfield Asset Management and its significant influence over the company is a risk factor. This reliance could impact decision-making and strategic direction.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why BEP Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Strong Financial Performance and Growth
BEP has demonstrated impressive financial results, with a significant year-over-year increase in Funds From Operations (FFO) per unit, meeting its growth targets. Management projects double-digit FFO per unit growth and consistent distributable profit growth annually.
Diversified and Growing Portfolio
BEP owns and operates a global portfolio of renewable power generating facilities, including hydroelectric, wind, solar, and storage assets across multiple continents. The company has a substantial development pipeline and is actively commissioning new capacity each year, with plans to accelerate this in the coming years.
Strategic Partnerships and Demand
BEP has secured significant multi-gigawatt agreements with major corporate clients like Google and Microsoft, positioning itself as a preferred clean energy provider. The increasing demand for energy driven by technological advancements, particularly the AI revolution and the growth of data centers, is expected to significantly benefit BEP.
Financial Strength and Capital Allocation
BEP maintains manageable debt levels with a healthy Debt/FFO ratio and no significant near-term payment obligations. The company has a strong liquidity position, with substantial available funds to support growth initiatives.
Attractive Valuation and Dividends
Despite recent surges, some analysts believe BEP offers a compelling valuation relative to its growth potential and historical averages. The company offers an attractive distribution yield, with management targeting annual increases.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
BEP Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$33.68
52W Range Position
83%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$22.25
+51.4% from the low
52-Week High
$35.97
-6.4% from the high
1 Month
+0.78%
3 Month
+14.09%
YTD
+20.6%
1 Year
+51.0%
3Y CAGR
+2.3%
5Y CAGR
-2.1%
10Y CAGR
+7.8%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
BEP vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
—
vs 13.2x median
Peer median unavailable
Revenue Growth
+8.4%
vs +0.9% median
+821% above peer median
Net Margin
3.3%
vs 10.7% median
-69% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
BEP BEP Brookfield Renewable Partners L.P. | $10.3B | — | +8.4% | 3.3% | Buy | +4.4% |
CWE CWEN Clearway Energy, Inc. | $8.0B | — | +6.3% | 11.8% | Buy | +12.2% |
NEE NEE NextEra Energy, Inc. | $200.8B | 23.8x | +9.1% | 29.3% | Buy | +1.9% |
AES AES The AES Corporation | $10.2B | 6.2x | +0.9% | 8.4% | Hold | +27.0% |
BLX BLX Banco Latinoamericano de Comercio Exterior, S. A. | $2.0B | 8.5x | -24.1% | — | Buy | — |
ENP ENPH Enphase Energy, Inc. | $4.7B | 17.9x | -4.5% | 9.6% | Hold | +20.7% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
BEP Dividend and Capital Return
BEP returns 12.0% total yield, led by a 12.00% dividend.
Dividend UnknownFCF Unknown
Total Shareholder Yield
12.0%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
12.00%
Payout Ratio
—
How BEP Splits Its Return
Div 12.00%
Dividend 12.00%Buybacks 0.0%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$4.04
Growth Streak
Consecutive years of dividend increases
2Y
3Y Div CAGR
-2.3%
5Y Div CAGR
5.2%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
306M
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.39 | — | — | — |
| 2025 | $1.49 | +5.1% | 0.0% | 15.0% |
| 2024 | $1.42 | +5.2% | 2.7% | 18.2% |
| 2023 | $1.35 | -15.6% | 0.6% | 14.2% |
| 2022 | $1.60 | +31.7% | 3.5% | 16.1% |
FAQ
7 questionsBEP Investor Questions
Common questions answered from live analyst data and company financials.
01Is Brookfield Renewable Partners L.P. (BEP) stock a buy or sell in 2026?
Brookfield Renewable Partners L.P. (BEP) is rated Buy by Wall Street analysts as of 2026. Of 20 analysts covering the stock, 14 rate it Buy or Strong Buy, 6 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $35, implying +4.4% from the current price of $34.
02What is the BEP stock price target for 2026?
The Wall Street consensus price target for BEP is $35 based on 20 analyst estimates. The high-end target is $40 (+18.8% from today), and the low-end target is $28 (-16.9%).
03Is Brookfield Renewable Partners L.P. (BEP) stock overvalued in 2026?
Forward earnings data for BEP is not currently available. Review the valuation table above for trailing P/E, EV/EBITDA, and price-to-sales comparisons against market and sector benchmarks.
04What are the main risks for Brookfield Renewable Partners L.P. (BEP) stock in 2026?
The primary risks for BEP in 2026 are: (1) High Debt Load — BEP carries a significant debt load with a net debt to EBITDA ratio of 6. (2) Negative Earnings — The company has reported a negative price-to-earnings (P/E) ratio of -30. (3) Liquidity Challenges — BEP has a current ratio of 0. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Brookfield Renewable Partners L.P.'s revenue and earnings forecast?
Analyst consensus estimates BEP will report consensus revenue of $7.0B (+8.4% year-over-year) and EPS of $0.42 (-43.2% year-over-year) for the upcoming fiscal year. The following year, analysts project $7.5B in revenue.
06When does Brookfield Renewable Partners L.P. (BEP) report its next earnings?
A confirmed upcoming earnings date for BEP is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does Brookfield Renewable Partners L.P. generate?
Brookfield Renewable Partners L.P. (BEP) had a free cash outflow of $8.3B in free cash flow over the trailing twelve months — a free cash flow margin of 128.7%. BEP returns capital to shareholders through dividends (12.0% yield) and share repurchases ($0 TTM).