Brookfield Renewable Partners L.P. (NYSE: BEP) owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, and Asia. The company generates electricity through hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources. Brookfield Renewable Partners Limited operates as the general partner of Brookfield Renewable Partners L.P. The company was formerly known as Brookfield Renewable Energy Partners L.P. and changed its name to Brookfield Renewable Partners L.P. in May 2016. Brookfield Renewable Partners L.P. was founded in 1999 and is headquartered in Hamilton, Bermuda.

finviz dynamic chart for BEP

Company Overview

  • Market value: $13.399 billion
  • PE Ratio: 0.75
  • Dividend yield: 4.61%

Brookfield Renewable Partners has a portfolio of renewable power generation facilities worldwide spanning hydroelectric, wind and solar. It’s also a global organization, with operations in North America, Colombia, Brazil, Europe, India and China.

It’s important to understand that Brookfield is not a traditional utility provider like your local power company. Rather, it generates the electricity, but then sells the bulk of the power it generates under long-term agreements with third-party utilities or passes the electricity on directly to large corporate buyers. Those multi-year agreements with deep-pocketed customers help provide Brookfield with very stable cash flow, and generous dividends as a result. 

Its stable of clean energy and transition power generation like nuclear energy make it a go-to source for corporate customers looking to go green. Also, it is helpful for other utility companies that find it cheaper in the short-term to buy from BEP rather than build their own wind or solar farms.

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