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RBC Capital Remains a Buy on Brookfield Renewable Partners (BEP)

Tipranks - Tipranks - Tue Feb 3, 6:08AM CST

RBC Capital analyst Nelson Ng reiterated a Buy rating on Brookfield Renewable Partners yesterday and set a price target of $35.00.

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According to TipRanks, Ng is a 4-star analyst with an average return of 8.0% and a 57.73% success rate. Ng covers the Utilities sector, focusing on stocks such as Northland Power, Clearway Energy, and Brookfield Renewable Partners.

In addition to RBC Capital, Brookfield Renewable Partners also received a Buy from TD Cowen’s Sean Steuart in a report issued today. However, yesterday, TipRanks – OpenAI reiterated a Hold rating on Brookfield Renewable Partners (NYSE: BEP).

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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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