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 $26.24, up 3.96% from the previous day, and has increased 5.04% in one year. It has underperformed other stocks in the Utilities - Renewable industry by 0.01 percentage points. Brookfield Renewable Partners stock is currently +31.73% from its 52-week low of $19.92, and -8.92% from its 52-week high of $28.81.
As of Sep 12, 2024, there are 287.16M BEP shares outstanding. The market capitalization of BEP is $7.54B. In the past 24 hours, 1.17M 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.
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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.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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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 2.21x, relative to Utilities - Renewable industry P/B ratio of 3.37x
You can access additional valuation research on BEP's stock here.
BEP Financial Health Summary
Positive Financial Indicators:
- BEP profit margin has gone up from -3.5% to -3.3% in the past year.
Negative Financial Indicators:
- BEP has cash burn of 2038000000. It does not have enough cash and short-term investments to cover this.
- Total BEP debt is higher than 5 years ago, relative to shareholder equity.
- BEP has $1.77B in cash and short term investments. This is not enough to cover its annual cash burn of $2.04B.
- There are more short-term liabilities than short-term assets on the BEP balance sheet.
- There are more long-term liabilities than short-term assets on the BEP balance sheet.
- BEP has a relatively high debt to equity ratio of 13.42.
Is it a good time to buy Brookfield Renewable Partners stock, according to Wall Street analysts?
Out of 3 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.
You can dig deeper into what analysts are projecting on the Brookfield Renewable Partners stock forecast page.
BEP Technical Indicators
BEP Growth Metrics
Last year, BEP revenue was $5.48B. During the last 5 year, BEP's revenue has increased by 7.13% per year. This was slower than the Utilities - Renewable industry average of 13.48%.
You can analyze BEP's earnings and revenue performance here.
Latest Insiders Trades at BEP
Over the past 12 months, executives and large shareholders at BEP have not bought or sold any shares.
Get more info about who owns BEP stock here.
Can I get consistent income from BEP stock?
Brookfield Renewable Partners pays a dividend of 3.99%, compared to the Utilities - Renewable industry's average dividend yield of 6.53%. If you owned $1,000 of BEP stock, you would have received $39.92 in the past year.
Brookfield Renewable Partners dividend payments have consistently grown over the past decade but have not remained stable.
Get more analysis about Brookfield Renewable Partners dividend yield and history here.
BEP Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Execute your BEP purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount, use a limit order.
Hit the Open button and your broker will place the order.
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Step 6: Get notifications regarding your BEP position
Now that you own some shares in BEP, you'll want to stay up-to-date on your new shares.
Start a watchlist to monitor your BEP stock.
BEP Feed
How to Buy Stock in Brookfield Renewable Partners
To reiterate, 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 are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Brookfield Renewable Partners, get started below.
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