How to Buy Brookfield Renewable Partners Stock
Brookfield Renewable Partners LP
Brookfield Renewable Partners is a renewable energy company located in Bermuda, which is part of the Utilities sector, and is traded under the ticker BEP on the NYSE exchange.
Brookfield Renewable Partners stock last closed at $25.54, up 1.19% from the previous day, and has decreased 27.65% in one year. It has overperformed other stocks in the Utilities - Renewable industry by 0.04 percentage points. Brookfield Renewable Partners stock is currently +8.13% from its 52-week low of $23.62, and -25.76% from its 52-week high of $34.40.
As of Sep 22, 2023, there are 275.36M BEP shares outstanding. The market capitalization of BEP is $7.03B. In the past 24 hours, 537,257 BEP shares were traded.
How to Buy Brookfield Renewable Partners Stock
Not sure how to invest in Brookfield Renewable Partners stock? Here's how.
- Choose where to buy Brookfield Renewable Partners stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Brookfield Renewable Partners stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Select your method of payment and add your information.
- Analyze Brookfield Renewable Partners stock: The Brookfield Renewable Partners ticker symbol is BEP. Is Brookfield Renewable Partners stock a good investment? Should you buy shares of BEP? How do BEP's underlying business fundamentals look? Do top analysts think Brookfield Renewable Partners is a good buy? Why has BEP's stock price moved recently? (Hint: Our stock market research website can help you figure out if BEP is a good stock to buy).
- Execute your BEP purchase: Decide if you will purchase BEP shares at the current market price or use a limit order to buy BEP stock at a given price.
- Get notifications regarding your BEP position: Create a watchlist to monitor your new investment in Brookfield Renewable Partners stock.
Step 1: Choose where to buy Brookfield Renewable Partners stock
You need an online brokerage account in order to access the NYSE market and buy BEP shares.
Our preferred brokerage: eToro
In our opinion, eToro is the best brokerage. Here's why:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
- Access to world financial markets: From Tech to Energy, New York to Shanghai — you can fill your portfolio with stocks from the world's top stock exchanges.
- Social investing: eToro boasts a community of more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by signing up for an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal details so you can invest in BEP today.
How to Start a New Investment Account on eToro
- Click here to get started.
- Enter your personal data to start a new trading account.
- Send your data by clicking the "Create Account" button.
Step 3: Deposit money your brokerage account
Now that you've filled out your info on the best stock app for beginners, you need to deposit funds:
Watch this video walkthrough for more details transferring money into your new brokerage account.
Step 4: Analyze Brookfield Renewable Partners stock
After you have figured out the best place to buy Brookfield Renewable Partners stock, it's absolutely critical to analyze their stock prior to investing, so you truly understand the risk as well as the opportunity.
Overview of key BEP info
Brookfield Renewable Partners Due Diligence Checks
WallStreetZen was designed to help average investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on BEP's stock page.
Is BEP stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge BEP's true value.
Using relative valuations measures:
- BEP may be undervalued based on its P/B ratio of 1.63x, relative to Utilities - Renewable industry P/B ratio of 2.12x
You can access additional valuation research on BEP's stock here.
BEP Financial Health Summary
Positive Financial Indicators:
- BEP has $1.51B in cash and short term investments. This is enough to cover its annual cash burn of $330.00M.
- BEP has cash burn of 330000000. It has enough cash and short-term investments to cover this for at least one year.
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the BEP balance sheet.
- BEP profit margin has gone down from -3.2% to -3.5% in the past year.
- BEP has a relatively high debt to equity ratio of 8.66.
- There are more short-term liabilities than short-term assets on the BEP balance sheet.
- Total BEP debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Brookfield Renewable Partners stock, according to Wall Street analysts?
Out of 5 sell side analysts who track BEP, the consensus analyst rating on BEP is a Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Latest BEP Analyst Forecasts
Jonathan Reeder, a top 36% analyst from Wells Fargo maintains BEP with a strong buy rating and lowers their BEP price target from $35.00 to $32.00, on Sep 22, 2023.
Robert Hope, a bottom 40% analyst from ScotiaBank reinstates BEP with a buy rating and announces their BEP price target of $38.00, on Jun 23, 2023.
Andrew Kuske, a bottom 12% analyst from Credit Suisse maintains BEP with a buy rating and raises their BEP price target from $40.00 to $41.50, on Jun 15, 2023.
Anthony Crowdell, a top 23% analyst from Mizuho maintains BEP with a hold rating and raises their BEP price target from $31.00 to $32.00, on Jun 13, 2023.
Ben Pham, a bottom 33% analyst from BMO Capital maintains BEP with a buy rating and raises their BEP price target from $33.00 to $34.00, on Mar 28, 2023.
You can dig deeper into what analysts are saying on the Brookfield Renewable Partners stock forecast page.
BEP Momentum
BEP Performance Numbers
Last year, BEP revenue was $4.84B. In the last five year, BEP's revenue has gone up by 10.47% per year. This was slower than the Utilities - Renewable industry average of 27.29%.
You can research BEP's earnings and revenue performance here.
Are BEP executives and large shareholders buying or selling the stock?
In the last 12 months, executives and large shareholders at BEP have not bought or sold any shares.
Learn more about who owns BEP shares here.
Can I rely on BEP as an income stream?
Brookfield Renewable Partners pays a dividend of 5.22%, compared to the Utilities - Renewable industry's average dividend yield of 4.34%. If you owned $1,000 worth of BEP stock, you would have received $52.17 in the past 12 months.
Brookfield Renewable Partners dividend payments have consistently grown over the past decade but have not remained stable.
Find more info about Brookfield Renewable Partners dividend yield and history here.
Get opinions from other investors
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your BEP purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific price limit, place a limit order.
Click the Open button and eToro will execute the order.
If you want more info about buying stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your BEP position
Now that you own some shares in BEP, you'll want to keep up with your stock purchase.
Start a watchlist to keep tabs on your BEP stock.
BEP Feed
How to Buy Stock in Brookfield Renewable Partners
To summarize, here are the 6 steps you need to take to buy Brookfield Renewable Partners stock right now:
- Choose where to buy Brookfield Renewable Partners stock
- Sign up for a brokerage account
- Deposit money your brokerage account
- Analyze Brookfield Renewable Partners stock
- Execute your BEP purchase
- Get notifications regarding your BEP position
If you need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Brookfield Renewable Partners, click the button below.
Trending Content
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.