In a report released yesterday, Nelson Ng from RBC Capital reiterated a Buy rating on Brookfield Renewable Partners, with a price target of $31.00. The company’s shares closed last Friday at $25.83.
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According to TipRanks, Ng is a 4-star analyst with an average return of 6.7% and a 58.88% success rate. Ng covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Boralex Inc Cl A, and Algonquin Power & Utilities.
In addition to RBC Capital, Brookfield Renewable Partners also received a Buy from Morgan Stanley’s Robert Kad in a report issued on August 1. However, on July 24, Barclays maintained a Hold rating on Brookfield Renewable Partners (NYSE: BEP).
Based on Brookfield Renewable Partners’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.58 billion and a GAAP net loss of $92.72 million. In comparison, last year the company earned a revenue of $1.45 billion and had a GAAP net loss of $56 million
Read More on BEP:
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