# Brookfield Renewable Partners L.P. (BEP)

> Source: Nexqual · https://nexqual.com/BEP · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Brookfield Renewable Partners L.P. (BEP), nexqual.com/BEP" · informational, not investment advice.

**Price:** USD 28.91 (-0.89% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 29.17 · day 28.62–29.04 · 52w 26.3–38.12 · market cap $14.1B · NYQ

## Key facts
- 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
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)
|  | 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) |

## Peers (Utilities - Renewable)
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 -7.40% · RNW (ReNew Energy Global plc) USD 6.88 +0.15%

## More
Full page: https://nexqual.com/BEP · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in BEP's own 20-F filed 2026-02-27 (https://www.sec.gov/Archives/edgar/data/1533232/000153323226000011/bep-20251231.htm):

| 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 …" |
| 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 a…" |
| 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 Agre…" |
| 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 o…" |
| 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 …" |
| 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/Exchangeabl…" |
| 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, Brookfie…" |
| 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 …" |
| 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 …" |
| 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 capaci…" |
| 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 decla…" |

Other companies that name BEP in their own reports (relationship from BEP's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | Brookfield Business Partners L.P. (BBUC) | 20-F 2026-03-31 | "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 o…" |
| related | American National Group Inc. (ANG-PD) | 10-K 2026-03-31 | "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 2026-03-26 | "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 fina…" |
| partner | Brookfield Renewable Corp (BEPC) | 20-F 2026-02-27 | "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 En…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.51 | $-0.51 | +1.0% | $1.62B | 4 |
| Next quarter (ends 2026-12-31) | $-0.50 | $-0.47 | +4.9% | $1.75B | 4 |
| Current fiscal year (ends 2026-12-31) | $-1.75 | $-1.73 | +1.3% | $6.56B | 5 |
| Next fiscal year (ends 2027-12-31) | $-1.85 | $-1.79 | +3.5% | $7.30B | 5 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±7.4%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 30.0% | ±7.4% |
| 2027-02-19 | 119 | 29.3% | ±14.0% |
| 2027-05-21 | 210 | 28.7% | ±17.9% |