Brookfield Renewable Partners initiated with a Buy at JonesResearch

JonesResearch analyst Eduardo Seda initiated coverage of Brookfield Renewable Partners (BEP) with a Buy rating and $37 price target. As a "leading" renewable power company with a majority of its business in clean energy assets, Brookfield Renewable has "abundant growth ahead," the firm tells investors. Brookfield Renewable’s relationship with Brookfield Corp. (BN) is a "major positive" that provides both benefits and growth opportunities, the firm contends.