BEP Stock Summary and Trading Ideas (Brookfield Renewable Partners LP Limited Partnership Units | NYSE:BEP)

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company's portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia and totals over 20 gigawatts of installed capacity. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners and Brookfield Renewable Corp.

Brookfield Renewable Partners LP Limited Partnership Units trades on the NYSE stock market under the symbol BEP.

As of March 28, 2025, BEP stock price declined to $22.25 with 1,074,635 million shares trading.

BEP has a beta of 0.81, meaning it tends to be less sensitive to market movements. BEP has a correlation of 0.09 to the broad based SPY ETF.

BEP has a market cap of $6.34 billion. This is considered a Mid Cap stock.

Last quarter Brookfield Renewable Partners LP Limited Partnership Units reported $1 billion in Revenue and -$.06 earnings per share. This fell short of revenue expectation by $-18 million and exceeded earnings estimates by $.33.

In the last 3 years, BEP traded as high as $41.95 and as low as $19.92.

The top ETF exchange traded funds that BEP belongs to (by Net Assets): PID, QCLN, VOLT, RNRG, EBI.

BEP has underperformed the market in the last year with a price return of +2.3% while the SPY ETF gained +7.6%. However, in the short term, BEP had mixed performance relative to the market. It has outperformed in the last 3 months, returning -1.9% vs -6.3% return in SPY. But in the last 2 weeks, BEP shares have been beat by the market, returning -2.5% compared to an SPY return of +1.1%.

BEP support price is $21.94 and resistance is $22.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BEP shares will trade within this expected range on the day.