Brookfield Renewable Partners L.P. (BEP) Stock Price & Analysis
Brookfield Renewable Partners L.P. (BEP) closed at USD 28.91 on Thursday, October 22, 2026, down 0.89% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 29.17; the Oct 22, 2026 session ranged USD 28.62–29.04 on volume of 1,492,022 shares. Market capitalization is $14.06B, with a 52-week range of USD 26.3–38.12 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 11:44 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BEP.md
Key facts (BEP)
- Analysts: Buy (mean 2.38 on a 1–5 scale) (16 analysts), mean target USD 33.92 (range 20–39).
- Total return with dividends: 1Y +4.7% vs S&P 500 +14.9%; 5Y -5.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD -0.51, revenue estimate $1.62B.
Analysts (BEP)
Consensus Buy (mean 2.38 on a 1–5 scale), 16 analysts; mean target USD 33.92 (low 20, high 39).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | JP Morgan | Target lowered | Neutral | $36 → $32 |
| 2026-10-13 | Morgan Stanley | Target lowered | Overweight | $42 → $37 |
| 2026-10-01 | UBS | Target lowered | Buy | $40 → $34 |
| 2026-07-22 | Barclays | Target raised | Equal-Weight | $28 → $30 |
| 2026-07-21 | JP Morgan | Downgrade | Overweight → Neutral | $36 |
Total return (dividends reinvested) (BEP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +4.7% | -5.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +4.7% | -1.0% |
| Volatility (annualized) | 28.1% | 30.5% |
| Max drawdown | -23.9% (May 2026→Sep 2026) | -45.4% (Mar 2022→Oct 2023) |
BEP suppliers, customers and competitors (named in its 20-F)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Brookfield Renewable Corp (BEPC) | “Unless the context requires otherwise, when used in this annual report on Form 20-F (this "Form 20-F"), the terms "Brookfield Renewable", "our group", "we", "us" and "our" refer to Brookfield Renewable Partners L.P. and its controlled entities, including BRELP, the Holding Entities, BEPC, BRHC, their respective subsidiaries and the Operating Entities, each as defined in this Form 20-F, "the partnership" refers to …” |
| Partner | Amended and Restated | “•Risks relating to choice of forum provisions in our Amended and Restated Limited Partnership Agreement.” |
| Partner | Preferred | “We may issue additional partnership securities, including Preferred Units, which may dilute existing holders of our LP units, and/or may have rights and privileges that are more favorable than the rights and privileges accorded to our Unitholders.” |
| Partner | Brookfield Renewable Energy | “Although some of these entities will be subject to confidentiality obligations pursuant to confidentiality agreements or pursuant to implied duties of confidence, none of the Amended and Restated Limited Partnership Agreement of BEP, the Amended and Restated Limited Partnership Agreement of BRELP nor our Master Services Agreement contains general confidentiality provisions.” |
| Partner | Brookfield Wealth Solutions Ltd. (BNT) | “Brookfield Wealth Solutions may also invest in debt or equity securities of subsidiaries of Brookfield Renewable, or invest in tax equity partnerships or enter into other tax monetization transactions with subsidiaries of Brookfield Renewable.” |
| Partner | CAMECO CORP (CCJ) | “Some of our investments and operations are structured as joint ventures, partnerships and consortium arrangements, including our investment in Isagen, our joint venture with Cameco for Westinghouse and our investment in Neoen.” |
| Partner | Exchangeable | “Even though the Brookfield Holders, collectively have an effective economic interest in our business of approximately 47% on a fully-exchanged basis (assuming the exchange of all of the outstanding Redeemable/Exchangeable Partnership units, BEPC exchangeable shares and class A.2 exchangeable shares), as a result of their ownership of our LP units, the Redeemable/Exchangeable partnership units, BEPC exchangeable sh…” |
| Partner | Brookfield Infrastructure Corp (BIPC) | “Brookfield Renewable participates with institutional partners in Brookfield Americas Infrastructure Fund, Brookfield Infrastructure Fund II, Brookfield Infrastructure Fund III, Brookfield Infrastructure Fund IV, Brookfield Infrastructure Fund V, Brookfield Infrastructure Debt Fund, Brookfield Global Transition Fund I, Brookfield Global Transition Fund II, and the Catalytic Transition Fund ("Private Funds").” |
| Partner | Brookfield Asset Management Ltd. (BAM) | “Unless the context requires otherwise, when used in this annual report on Form 20-F (this "Form 20-F"), the terms "Brookfield Renewable", "our group", "we", "us" and "our" refer to Brookfield Renewable Partners L.P. and its controlled entities, including BRELP, the Holding Entities, BEPC, BRHC, their respective subsidiaries and the Operating Entities, each as defined in this Form 20-F, "the partnership" refers to …” |
| Partner | Bermuda | “The laws of Bermuda permit the bye-laws of an exempted company, such as our Managing General Partner, to provide for the indemnification of its officers, directors and shareholders and any other person designated by the company against any and all claims and demands whatsoever, except to the extent that the indemnification may be held by the courts of Bermuda to be contrary to public policy or to the extent that t…” |
| Partner | Alphabet (Google) (GOOGL) | “In July 2025, Brookfield Renewable signed a Hydro Framework Agreement with Google to deliver up to 3,000 MW of hydroelectric capacity in the U.S. by the end of 2032, including the first two contracts for 670 MW of capacity.” |
| Partner | Class A Preferred | “LP units, unless and until BEP shall have failed to pay eight quarterly distributions in respect of such series of Class A Preferred Units, whether or not consecutive and whether or not such distributions have been declared and whether or not there are any monies of our partnership properly applicable to the payment of distributions.” |
Quoted from the company's 20-F filed Feb 27, 2026.
Companies that name BEP in their SEC reports
| Relationship to BEP | Company | Filing | Sentence |
|---|---|---|---|
| partner | Brookfield Business Partners L.P. (BBUC) | 20-F Mar 31, 2026 | “If Brookfield determines that an opportunity is not suitable or appropriate for us, it may still pursue such opportunity on its own behalf, or on behalf of a Brookfield-sponsored vehicle, consortium or partnership such as Brookfield Property Partners, Brookfield Infrastructure Partners, Brookfield Renewable Partners and one or more Brookfield-sponsored private funds or other investment vehicles or programs.” |
| related | American National Group Inc. (ANG-PD) | 10-K Mar 31, 2026 | “Our investment transactions with related parties for the year ended December 31, 2025 include approximately $322 million of financing provided to a subsidiary of Brookfield Renewable Partners L.P.” |
| related | Brookfield Wealth Solutions Ltd. (BNT) | 20-F Mar 26, 2026 | “Our investment transactions with related parties for the year ended December 31, 2025 include the contribution of $3.5 billion of BAM shares by Brookfield as well as approximately $400 million of financing provided to subsidiaries of Brookfield Renewable Partners L.P.” |
| partner | Brookfield Renewable Corp (BEPC) | 20-F Feb 27, 2026 | “Ltd.), in each case including any subsidiaries thereof; "Brookfield Renewable" and "our group", refer to Brookfield Renewable Partners L.P. and its controlled entities, including BRELP, the Holding Entities, BEPC, BRHC, their respective subsidiaries and the Operating Entities, each as defined in this Form 20-F; "the partnership" refers, unless the context indicates or requires otherwise, to Brookfield Renewable an…” |
BEP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.51 | $-0.51 | +1.0% | $1.62B | 4 |
| Next quarter (ends Dec 2026) | $-0.50 | $-0.47 | +4.9% | $1.75B | 4 |
| Current fiscal year (ends Dec 2026) | $-1.75 | $-1.73 | +1.3% | $6.56B | 5 |
| Next fiscal year (ends Dec 2027) | $-1.85 | $-1.79 | +3.5% | $7.30B | 5 |
BEP options: expected move
Options price a move of about ±7.4% (±$2.15) by Nov 20, 2026, which includes earnings on Nov 4, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 30.0% | ±7.4% |
| Feb 19, 2027 | 119 | 29.3% | ±14.0% |
| May 21, 2027 | 210 | 28.7% | ±17.9% |
30-day implied volatility 28.7% vs 27.6% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 11:44 UTC)
| Price | USD 28.91 |
|---|---|
| Change | ▼ 0.89% (down) |
| Previous Close | USD 29.17 |
| Open | USD 28.98 |
| Day Range | USD 28.62 – 29.04 |
| 52-Week Range | USD 26.3 – 38.12 |
| Volume | 1,492,022 shares |
| Market Cap | $14.06B |
| Exchange | NYQ |
Technical Analysis (BEP)
Nexqual's technical model rates BEP "NEUTRAL" based on 2 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 11:44 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 46.6 (neutral) |
| vs SMA50 | Below (USD 30.3) |
| MACD | -0.38 (negative) |
Analyst Ratings (BEP)
Wall Street analysts rate BEP "Buy" based on 16 analysts, with a mean price target of USD 33.92 (range USD 20–39), per Nexqual as of October 23, 2026 at 11:44 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 16 |
| Mean Target | USD 33.92 |
| High Target | USD 39 |
| Low Target | USD 20 |
| Buy / Hold / Sell | 9 / 5 / 2 |
Earnings (BEP)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD -0.51 |
| Revenue Estimate | $1.62B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.37 vs est -0.4 ▲ beat |
| 2026-03-31 | USD -0.4 vs est -0.44 ▲ beat |
| 2025-12-31 | USD 0.54 vs est -0.38 ▲ beat |
| 2025-09-30 | USD -0.23 vs est -0.09 ▼ miss |
Source: Nexqual, October 23, 2026 at 11:44 UTC.
Financials & Fundamentals (BEP)
| Total Revenue | $6.36B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +1.10% |
| Gross Margin | +51.39% |
| Operating Margin | +17.08% |
| Profit Margin | -1.26% |
| ROE | +0.40% |
| Debt / Equity | 1.05 |
| Current Ratio | 0.8 |
| Total Cash | $2.69B |
| Total Debt | $37.72B |
Source: Nexqual, October 23, 2026 at 11:44 UTC.
Financial Health Score (BEP)
Nexqual rates Brookfield Renewable Partners L.P.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 11:44 UTC.
| Growth | Solid — Revenue +9% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 51%, operating 17% (last 12 months) |
| Balance Sheet | Weak — $2.69B cash vs $37.7B debt |
| Cash Flow | Solid — Operating cash flow $1.06B (TTM) |
| Efficiency | Weak — ROE 0%, ROA 0.4% |
Ownership (BEP)
| Insider Ownership | +0.07% |
|---|---|
| Institutional Ownership | +65.36% |
| Shares Outstanding | 300.11M |
| Float | 144.22M |
| Short % of Float | +0.31% |
Source: Nexqual, October 23, 2026 at 11:44 UTC.
Leadership (BEP)
Brookfield Renewable Partners L.P. is led by Connor David Teskey, Chief Executive Officer, per Nexqual as of October 23, 2026 at 11:44 UTC.
| Chief Executive Officer | Connor David Teskey |
|---|---|
| Co-President and General Counsel | Jennifer Mazin L.L.B. |
| Co-President | Wyatt Hartley |
| Chief Financial Officer | Patrick Taylor |
| Chief Operating Officer | Natalie Johanna Adomait |
Major Backers & Investors (BEP)
Notable institutional backers of Brookfield Renewable Partners L.P. include Brookfield Corp /ON/, Royal Bank of Canada, Principal Financial Group, Inc., according to Nexqual as of October 23, 2026 at 11:44 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Brookfield Corp /ON/ | 26.85% |
| Royal Bank of Canada | 4.99% |
| Principal Financial Group, Inc. | 3.38% |
| Principal Funds, Inc-MidCap Fund | 2.88% |
| Bank of Montreal /CAN/ | 2.69% |
| FIL LTD | 2.52% |
| Morgan Stanley | 2.24% |
| Connor Clark & Lunn Investment Management Ltd | 1.55% |
Source: Nexqual, October 23, 2026 at 11:44 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ENLT | Enlight Renewable Energy Ltd. | USD 69.32 | ▼ 3.49% |
| CWEN | Clearway Energy, Inc. | USD 31.43 | ▼ 0.57% |
| ENIC | Enel Chile S.A. | USD 4.34 | ▼ 1.81% |
| ORA | Ormat Technologies, Inc. | USD 88.1 | ▼ 1.51% |
| MWH | SOLV Energy, Inc. | USD 21.53 | ▼ 7.4% |
| RNW | ReNew Energy Global plc | USD 6.88 | ▲ 0.15% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:44 UTC. This page is informational and not investment advice.
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