Should You Buy Brookfield Renewable Partners LP (BEP) Today? Analysis, Price Targets, and 2026 Outlook.
Conclusion
Buy
Latest Price
28.450
1 Day change
-1.90%
52 Week Range
29.560
Analysis Updated At
2026/01/28
BUY for a beginner long-term investor: BEP is in a bullish uptrend technically, sentiment is constructive (call-heavy options flow and positive news), and the company has clear demand catalysts (AI/data-center power contracts with Microsoft/Google plus nuclear optionality via Westinghouse). At $28.5 the stock is pressing a key resistance zone (~$28.53), so near-term chop is possible, but for an impatient investor with a long-term preference, this is still a good buy right now given the improving narrative and supportive Street targets (mostly $33–$39).
Technical Analysis
Trend is bullish: moving averages are aligned bullishly (SMA_5 > SMA_20 > SMA_200), confirming a rising intermediate/long trend. Momentum is positive but cooling: MACD histogram is above zero (0.205) but contracting, implying upside is intact but may slow. RSI(6) ~60 is neutral-to-slightly-bullish (not overbought). Key levels: Pivot ~26.85; resistance R1 ~27.89 and R2 ~28.53. With price at $28.5, BEP is essentially at R2 resistance—breakout continuation is possible, but this is also a common area for short-term pullbacks/retests.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Options positioning looks bullish: open-interest put/call ratio 0.28 and volume put/call ratio 0.38 indicate calls dominate puts (risk-on sentiment). Implied vol is elevated vs its own history (IV percentile 82), suggesting the market is pricing meaningful near-term movement (notably with earnings on 2026-01-30 pre-market). Today’s volume is near typical (today vs 30D avg ~95%), but open interest is a bit elevated (today vs OI avg ~113%), consistent with active positioning rather than panic hedging.
Technical Summary
Sell
4
Buy
9
Positive Catalysts
1) Event-driven demand tailwind: news highlights AI-driven power demand and BEP’s plan to invest ~$10B over five years. 2) Major long-duration contracts: secured significant clean power supply agreements with Microsoft (noted 10.5 GW) and Google—supports revenue visibility and management’s >10% annual growth targets (FFO/free cash flow commentary in news). 3) Nuclear optionality: Westinghouse stake is increasingly framed by analysts as incremental unitholder value amid renewed nuclear focus. 4) Yield appeal: included in “high-yield” ideas in a low-yield environment, supporting investor demand for income-oriented names.
Neutral/Negative Catalysts
1) Earnings risk near-term: upcoming QDEC 2025 earnings on 2026-01-30 pre-market can create volatility; elevated IV also reflects this. 2) Profitability pressure: latest reported quarter shows net income and EPS still negative and margins down, which can cap upside if the market refocuses on profitability. 3) Technical overhang: price is sitting right at a major resistance area (~$28.53); failure to break can trigger short-term pullbacks even within a broader uptrend. 4) Funding/dilution sensitivity: recent commentary references equity offering/dilution (coverage note context), so further capital needs could pressure units if not clearly accretive.
Financial Performance
Latest quarter provided: 2025/Q3. Revenue grew to $1.596B (+8.57% YoY), showing top-line momentum. However, profitability weakened: net income was -$66M (down -28.26% YoY), EPS -$0.23 (down -28.12% YoY), and gross margin fell to 16.54 (down -26.98% YoY). Bottom line: growth is present, but margins/earnings quality remain the key weakness that must improve over time for a smoother long-term rerating.
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent Street trend is improving: multiple firms raised price targets from late 2025 into early 2026. Notable targets/ratings include UBS Buy with $38–$39, Morgan Stanley Overweight $38, BMO Outperform $36, Scotiabank Outperform $35, CIBC Outperformer $35, Mizuho Neutral $33, and Barclays Equal Weight with a $28 target (raised from $27) on 2026-01-23. Wall Street pros: strong contracted renewables platform, accelerating clean/AI power demand, and nuclear/Westinghouse optionality; expectation of double-digit FFO growth and attractive total return. Cons: some caution on funding/dilution and profitability execution; Barclays’ $28 target near the current price highlights that not all analysts see meaningful near-term upside from here.
Intellectia Proprietary Trading Signals
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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 USD and a high forecast of 39 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
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 USD and a high forecast of 39 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.
9 Buy
2 Hold
0 Sell
Strong Buy
Current: 29.000
Low
27
Averages
34.73
High
39
Current: 29.000
Low
27
Averages
34.73
High
39
Barclays
Equal Weight
maintain
$27 -> $28
AI Analysis
2026-01-23
Reason
Barclays
Price Target
$27 -> $28
AI Analysis
2026-01-23
maintain
Equal Weight
Reason
Barclays raised the firm's price target on Brookfield Renewable Partners to $28 from $27 and keeps an Equal Weight rating on the shares. as part of a Q4 earnings preview. The firm says Brookfield enters 2026 with a "streamlined asset base, a sizable capex plan, and balanced funding strategy."
UBS
Buy
maintain
$38 -> $39
2025-12-05
Reason
UBS
Price Target
$38 -> $39
2025-12-05
maintain
Buy
Reason
UBS raised the firm's price target on Brookfield Renewable Partners to $39 from $38 and keeps a Buy rating on the shares.
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