# Brookfield Renewable Corporation (BEPC)

> Source: Nexqual · https://nexqual.com/BEPC · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, Brookfield Renewable Corporation (BEPC), nexqual.com/BEPC" · informational, not investment advice.

## BEPC major shareholder filing: Schedule 13D/A, Jul 23, 2026
BROOKFIELD CORPORATION, BAM PARTNERS TRUST, BROOKFIELD RENEWABLE POWER INC. filed a Schedule 13D/A on Jul 23, 2026, reporting up to 24.10% of the class (more than 5% owner that may seek to influence the company). Item 4, Purpose of Transaction, quoted:

> On July 21, 2026, Brookfield Renewable Partners L.P. ("BEP"), BEPC and Brookfield Renewable Partners Inc. ("BEP Inc.") entered into an arrangement agreement pursuant to which, among other things, the parties agreed to implement an arrangement (the "Transaction") to simplify BEP's and BEPC's corporate structure by converting BEP and BEPC into a single Canadian publicly traded corporate entity, BEP Inc. The Transaction will be implemented pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia), and completion of the Transaction is subject to a number of conditions, including obtaining the approval of the holders of limited partnership units ("L.P. Units") of BEP (the "Unitholders") and approval by the British Columbia Supreme Court. If the Transaction is approved by the Unitholders but not by the holders of BEPC Shares (the "Shareholders"), the Transaction will still be completed except that the exchange of BEPC Shares (the "Share Exchange"), as described below, will not occur. A special meeting of Unitholders and a special meeting of Shareholders have been called for October 14, 2026, and security holders of record as of close of business on August 21, 2026 will be entitled to vote at the meetings. If the Transaction is approved by both the Unitholders and Shareholders, and subject to satisfaction of other conditions, BEP and BEPC will implement the Transaction, pursuant to which, among other things, all L.P. …

Source: https://www.sec.gov/Archives/edgar/data/1791863/000110465926086395/0001104659-26-086395-index.htm

**Price:** USD 29.59 (-1.43% on the day) · last close of Oct 28, 2026; US market closed, not a live price. Prev close 30.02 · day 29.2–30.31 · 52w 27.57–45.18 · market cap $5.49B · NYQ

## Key facts
- Analysts: Hold (mean 2.71 on a 1–5 scale) (7 analysts), mean target USD 37.57 (range 32–43).
- Total return with dividends: 1Y -27.8% vs S&P 500 +13.6%; 5Y -11.2% vs S&P 500 +79.8%.
- Next earnings: 2026-11-04, EPS estimate USD -0.42, revenue estimate $2.22B.

## Analysts
Consensus Hold (mean 2.71 on a 1–5 scale), 7 analysts; mean target USD 37.57 (low 32, high 43).
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 | Underweight | $42 → $37 |
| 2026-08-03 | JP Morgan | Target lowered | Neutral | $38 → $36 |
| 2026-07-22 | Barclays | Target raised | Equal-Weight | $36 → $39 |
| 2026-07-21 | JP Morgan | Downgrade | Overweight → Neutral | $38 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -27.8% | -11.2% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -27.9% | -2.3% |
| Volatility (annualized) | 33.2% | 33.2% |
| Max drawdown | -35.0% (Feb 2026→Sep 2026) | -44.1% (Mar 2022→Oct 2023) |

## Peers (Utilities - Renewable)
ORA (Ormat Technologies, Inc.) USD 91.66 -0.40% · ENIC (Enel Chile S.A.) USD 4.26 -1.84% · MWH (SOLV Energy, Inc.) USD 23.55 +4.43% · CWEN (Clearway Energy, Inc.) USD 32.77 +0.15% · ENLT (Enlight Renewable Energy Ltd.) USD 67.83 -7.46% · FRVO (Fervo Energy Company) USD 8.33 -4.03%

## More
Full page: https://nexqual.com/BEPC · 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 BEPC's own 20-F filed 2026-02-27 (https://www.sec.gov/Archives/edgar/data/1791863/000179186326000004/bepc-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Brookfield Renewable Partners L.P. (BEP) | "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, …" |
| Partner | Brookfield Asset Management Ltd. (BAM) | "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, …" |
| Partner | Brookfield Infrastructure Corp (BIPC) | "Our company may participate with institutional partners in Brookfield Americas Infrastructure Fund, Brookfield Infrastructure Fund II, Brookfield Infrastructure Fund III, Brookfield Infrastructure Fund IV, Brookfield Inf…" |
| Partner | CAMECO CORP (CCJ) | "Some of our group's investments and operations are structured as joint ventures, partnerships and consortium arrangements, including its interest in Isagen, its joint venture with Cameco for Westinghouse and its investme…" |
| Partner | TerraForm Power | "Our company has entered into voting agreements with Brookfield and the partnership, whereby our company gained control or significant influence of the entities that own certain renewable power generating facilities in th…" |
| Partner | Isagen | "Some of our group's investments and operations are structured as joint ventures, partnerships and consortium arrangements, including its interest in Isagen, its joint venture with Cameco for Westinghouse and its investme…" |
| Partner | If Brookfield | "If Brookfield determines that an opportunity is not suitable or appropriate for our company, it may still pursue such opportunity on its own behalf, on behalf of the partnership or on behalf of a Brookfield-sponsored veh…" |
| Partner | Bermuda | "In addition, insiders and large shareholders of our company are not obligated to file reports under Section 16 of the Exchange Act, and our company and the partnership will be permitted to follow certain home country cor…" |
| 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 | California Resources Corp (CRC) | "In August 2022, we, together with institutional partners, committed to invest up to $137 million ($28 million net to the company) into a joint venture with California Resources Corporation to develop CCS projects in Cali…" |
| Partner | Class A | "While our operations are primarily located in the United States, Brazil, Colombia, and Europe, shareholders will, on economic terms, have exposure to all regions BEP operates in as a result of the exchange feature attach…" |
| Partner | BEP and Brookfield | "We entered into a registration rights agreement with BEP and Brookfield (the "Registration Rights Agreement"), pursuant to which we agreed that, upon the request of Brookfield, we will file one or more registration state…" |
| Related party | Brookfield Wealth Solutions Ltd. (BNT) | ""Brookfield Holders" means Brookfield, Brookfield Wealth Solutions and their related parties." |

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

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | Brookfield Renewable Partners L.P. (BEPI) | 20-F 2026-02-27 | "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 Renewabl…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.42 | $0.00 | −$0.42 | $2.22B | 1 |
| Next quarter (ends 2026-12-31) | $-0.47 | $0.00 | −$0.47 | $2.42B | 1 |
| Current fiscal year (ends 2026-12-31) | $-0.94 | $-0.96 | +$0.02 | $7.66B | 2 |
| Next fiscal year (ends 2027-12-31) | $-0.47 | $-0.58 | +$0.11 | $8.84B | 2 |

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

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±6.7%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 23 | 32.6% | ±6.7% |
| 2026-12-18 | 51 | 32.8% | ±10.1% |
| 2027-03-19 | 142 | 31.2% | ±15.7% |
| 2027-06-17 | 232 | 30.4% | ±19.3% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | −$0.37 | −$0.64 | Beat +42.2% | — |
| — | Quarter ended Mar 31, 2026 | −$0.40 | −$0.01 | Miss −$0.39 | — |
| — | Quarter ended Dec 31, 2025 | −$0.33 | −$0.14 | Miss −135.7% | — |
| — | Quarter ended Sep 30, 2025 | −$0.17 | −$0.01 | Miss −$0.16 | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-14 | 6-K | Current report (foreign issuer) · period ended Oct 14, 2026 | https://www.sec.gov/Archives/edgar/data/1791863/000110465926115885/0001104659-26-115885-index.htm |
| 2026-08-31 | 6-K | Current report (foreign issuer) · period ended Aug 31, 2026 | https://www.sec.gov/Archives/edgar/data/1791863/000110465926103585/0001104659-26-103585-index.htm |
| 2026-07-31 | 6-K | Current report (foreign issuer) · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1791863/000179186326000014/0001791863-26-000014-index.htm |
| 2026-07-31 | 6-K | Current report (foreign issuer) · period ended Jul 31, 2026 | https://www.sec.gov/Archives/edgar/data/1791863/000117184326005105/0001171843-26-005105-index.htm |
| 2026-07-28 | 6-K | Current report (foreign issuer) · period ended Jul 28, 2026 | https://www.sec.gov/Archives/edgar/data/1791863/000110465926087538/0001104659-26-087538-index.htm |
| 2026-07-23 | Schedule 13D/A | BROOKFIELD CORPORATION, BAM PARTNERS TRUST: 24.1% of shares, 5%+ holder that may seek to influence the company (amended) — “On July 21, 2026, Brookfield Renewable Partners L.P. ("BEP"), BEPC and Brookfield Renewable Partners Inc. ("BEP Inc.") entered into an arrangement agreement pursuant to which, among other things, the parties agreed to implement an arrangement (the "Transaction") to simplify…” | https://www.sec.gov/Archives/edgar/data/1791863/000110465926086395/0001104659-26-086395-index.htm |
| 2026-07-22 | 6-K | Current report (foreign issuer) · period ended Jul 22, 2026 | https://www.sec.gov/Archives/edgar/data/1791863/000110465926085794/0001104659-26-085794-index.htm |
| 2026-07-22 | 6-K | Current report (foreign issuer) · period ended Jul 21, 2026 | https://www.sec.gov/Archives/edgar/data/1791863/000117184326004804/0001171843-26-004804-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.