Brookfield Renewable Partners: Units Are Fairly Valued, But Floating Preferreds Offer 11%+ Yield
BNBrookfield Corporation(BN) Seeking Alpha·2024-06-19 22:10

StockByM/iStock via Getty Images Brookfield Renewable Partners: high base effect limits future growth Brookfield Renewable Partners (TSX:BEP.UN:CA) (NYSE:BEP) is a utility with approximately 32.1 GW of geographically diversified generation assets, with renewables representing around 97% of the total. The company’s business model relies on stable cash flows, as 90% of the revenues are contracted under Power Purchase Agreements with a weighted average remaining life of 13 years. The recent increase in inflati ...