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CIBC Reaffirms Their Buy Rating on Brookfield Renewable Partners (BEP)

Tipranks - Tipranks - Tue Apr 21, 11:38AM CDT

In a report released today, Mark Jarvi from CIBC maintained a Buy rating on Brookfield Renewable Partners, with a price target of $40.00.

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Jarvi covers the Utilities sector, focusing on stocks such as TransAlta, Brookfield Renewable Partners, and ATCO Ltd Cl I NV. According to TipRanks, Jarvi has an average return of 13.6% and a 69.88% success rate on recommended stocks.

In a report released on April 16, J.P. Morgan also maintained a Buy rating on the stock with a $40.00 price target.

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Based on Brookfield Renewable Partners’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$1.56 billion and a net profit of C$416.3 million. In comparison, last year the company earned a revenue of C$1.43 billion and had a GAAP net loss of C$9 million

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