Why Brookfield Renewable Stock Skyrocketed in May [Yahoo! Finance]
Brookfield Renewable Partners L.P. (BEP)
Last brookfield renewable partners l.p. earnings: 7/31 06:50 am
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Source: Yahoo! Finance
While units of the partnership jumped 32.7% in May, corporate shares zoomed 35.7% last month according to data provided by S&P Global Market Intelligence What changed so fast in May that sent shares skyrocketing for a stock down nearly 20% this year through April? Investors finally saw value in the renewable energy stock after its record quarterly numbers, a landmark deal with tech behemoth Microsoft , and growth plans including dividend growth. Impressive earnings and growth moves Brookfield Renewable kicked off 2024 on a solid note, delivering record funds from operations (FFO) in its first quarter. Its FFO grew 8% year over year, driven by pipeline development and acquisitions. Brookfield Renewable expects to bring nearly 7 gigawatts (GW) of new renewable capacity online this year and generate $1.3 billion in proceeds from the sale of mature assets. Brookfield Renewable also recently signed a first-of-its-kind agreement with Microsoft to deliver 10.5 GW of renewable energy
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BEP
News
- Brookfield Renewable Partners L.P. (NYSE: BEP) had its price target raised by analysts at JPMorgan Chase & Co. from $30.00 to $31.00. They now have a "neutral" rating on the stock.MarketBeat
- Brookfield completes Saeta sale to UAE's clean energy company [Wealth Professional (Canada)]Wealth Professional
- Masdar to Acquire Saeta from Brookfield for $1.4 BillionPR Newswire
- Masdar to Acquire Saeta from Brookfield for $1.4 BillionPR Newswire
- Masdar to Acquire Saeta from Brookfield for $1.4 BillionPR Newswire
BEP
Earnings
- 8/2/24 - Beat
BEP
Sec Filings
- 8/2/24 - Form 6-K
- 7/18/24 - Form 6-K
- 7/17/24 - Form 6-K
- BEP's page on the SEC website