Wells Fargo Keeps Their Buy Rating on Brookfield Renewable (BEPC)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 02 2025
0mins
Source: Business Insider
Analyst Ratings: Wells Fargo analyst Jonathan Reeder has maintained a Buy rating on Brookfield Renewable (BEPC) with a price target of $33.00, while the current consensus among analysts is a Moderate Buy with an average target of $32.50, indicating a potential upside from its recent closing price of $26.69.
Company Performance: Brookfield Renewable has a market cap of $9.06 billion and a P/E ratio of 14.83, reflecting its strong performance and strategic growth in the utilities sector.
Analyst Views on BEPC
Wall Street analysts forecast BEPC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BEPC is 43.67 USD with a low forecast of 35.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 39.380
Low
35.00
Averages
43.67
High
48.00
Current: 39.380
Low
35.00
Averages
43.67
High
48.00
About BEPC
Brookfield Renewable Corp. operates renewable power platforms and sustainable solutions. The Company’s operations consist of over 13,948 MW of installed hydroelectric, wind, solar, storage and ancillary capacity across Brazil, Colombia, North America and Europe. Its sustainable solutions assets include investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others. It is focused on power markets in the United States. Its hydroelectric capacity in the United States is located in New York, Pennsylvania, and New England. In New York, it has over 74 hydroelectric facilities, in Pennsylvania, four hydroelectric facilities, and in New England, 48 hydroelectric facilities. Through its subsidiary TerraForm Power, it has a diverse portfolio of wind and solar platforms located in California, Illinois, Texas and New York.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
