NPIFF - Brookfield Renewable: Investors Should Look Beyond Its Weak Q2 2018 Earnings
Investment Thesis
Brookfield Renewable (BEP) (TSX:BEP.UN) posted a weak Q2 2018 result mainly primarily due to weak hydro generation in North America. This weak result does not alter our long-term view of the company. Instead, we believe investors should consider the quality of its business. The company should be able to continue to grow its funds from operations thanks to its inflation-protected power purchase agreements, cost-saving initiatives, and the potential to re-contract its PPAs at higher prices. The company also offers an attractive and growing dividend with a yield of 6.4%.
BEP data