Brookfield Renewable: 6% Yield But Valuation Keeps Us Cautious

Summary

  • Brookfield Renewables Partners LP delivered strong earnings and increased operational capacity in Q4-2023.
  • BEP has over 80% of its capacity contracted out for 2024-2026, ensuring predictable funds from operations.
  • The demand for clean energy is growing, benefiting BEP and other renewable assets, while new wind energy projects face challenges.
  • We tell you how we handled our position in this and the preferred share.
  • Looking for option income ideas that focus on capital preservation? I offer this and much more at my exclusive investing ideas service, Conservative Income Portfolio. Learn More »

Part of the Tehachapi Pass wind farm, the first large scale wind farm area developed in the US

Ashley Cooper/The Image Bank Unreleased via Getty Images

In our recent coverage of Brookfield Renewable Partners L.P. (NYSE:BEP)(TSX:BEP.UN:CA), we looked at the value in the preferred shares and also told you why we felt the

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of BEP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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