Brookfield Renewable Partners L.P. (BEP)
NYSE: BEP · IEX Real-Time Price · USD
24.80
+0.33 (1.35%)
At close: Jul 2, 2024, 4:00 PM
25.89
+1.09 (4.40%)
After-hours: Jul 2, 2024, 7:32 PM EDT
BEP Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for BEP stock have an average target of 29.25, with a low estimate of 25 and a high estimate of 32. The average target predicts an increase of 17.94% from the current stock price of 24.80.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for BEP stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 5 | 5 | 5 | 5 | 4 | 3 |
| Hold | 2 | 3 | 3 | 3 | 3 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 8 | 8 | 8 | 7 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Buy Maintains $31 → $32 | Buy | Maintains | $31 → $32 | +29.03% | Jun 12, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $30 → $31 | Buy | Maintains | $30 → $31 | +25.00% | May 6, 2024 |
| JP Morgan | JP Morgan | Buy → Hold Downgrades $36 → $28 | Buy → Hold | Downgrades | $36 → $28 | +12.90% | Feb 12, 2024 |
| UBS | UBS | Strong Buy → Hold Downgrades $34 → $25 | Strong Buy → Hold | Downgrades | $34 → $25 | +0.81% | Nov 17, 2023 |
| RBC Capital | RBC Capital | Buy Initiates n/a | Buy | Initiates | n/a | n/a | Nov 13, 2023 |
Financial Forecast
Revenue This Year
5.53B
from 5.04B
Increased by 9.69%
Revenue Next Year
5.77B
from 5.53B
Increased by 4.33%
EPS This Year
-0.56
from -0.32
EPS Next Year
-0.13
from -0.56
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.9B | 7.4B | 7.7B | 8.3B | 9.0B |
| Avg | 5.5B | 5.8B | 7.4B | 6.9B | 6.0B |
| Low | 3.2B | 3.3B | 7.2B | 5.6B | 3.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 36.7% | 33.8% | 33.3% | 12.5% | 29.9% |
| Avg | 9.7% | 4.3% | 28.2% | -6.7% | -12.9% |
| Low | -36.8% | -40.5% | 24.4% | -23.9% | -52.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.01 | 0.54 | 0.44 | 1.06 | 0.21 |
| Avg | -0.56 | -0.13 | 0.21 | 0.56 | 0.20 |
| Low | -1.57 | -1.08 | -0.01 | 0.09 | 0.20 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | 412.2% | -62.2% |
| Avg | - | - | - | 168.3% | -63.6% |
| Low | - | - | - | -57.4% | -64.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.