National Grid sells $1.7 billion US renewables arm to Brookfield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2025
0mins
Source: Reuters
National Grid's Divestment: Britain's National Grid has agreed to sell its U.S. onshore renewables business to Brookfield Asset Management for $1.74 billion as part of a strategy to refocus on its energy network and divest from renewable assets.
Market Context: The deal is expected to close by March 2026, pending regulatory approvals, amidst a trend where major energy companies like Shell and BP are scaling back investments in renewables due to declining profitability.
Analyst Views on BEP
Wall Street analysts forecast BEP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BEP is 34.73 USD with a low forecast of 27.00 USD and a high forecast of 39.00 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.
11 Analyst Rating
9 Buy
2 Hold
0 Sell
Strong Buy
Current: 28.140
Low
27.00
Averages
34.73
High
39.00
Current: 28.140
Low
27.00
Averages
34.73
High
39.00
About BEP
Brookfield Renewable Partners L.P. operates publicly traded platforms for renewable power and decarbonization solutions. The Company’s renewable power portfolio includes hydroelectric, wind, utility-scale solar, distributed generation, and storage facilities across North America, South America, Europe, and Asia-Pacific. Its operations are divided into six segments: hydroelectric, which is further categorized by geography (North America, Colombia, and Brazil); wind; utility-scale solar; distributed energy and storage, including distributed generation, pumped storage, and battery energy storage systems; sustainable solutions, encompassing agricultural renewable natural gas, carbon capture and storage, recycling, cogeneration, biomass, nuclear services, electro fuels, and power transformation; and corporate. The Company’s total power portfolio comprises approximately 46,200 megawatts of installed capacity and a development pipeline of approximately 200,000 megawatts.
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.
