BEP - Brookfield Renewable Partners: Growing Value Stock That Is Worth Considering After Q1 2024
2024-05-07 02:37:17 ET
Summary
- Brookfield Renewable Partners has generated ~13% in total returns since March this year, when I published my bull thesis on this stock.
- The depressed share price, strong pipeline, exposure to CPI component, and fortress balance sheet continue to render BEP an enticing investment case for me.
- Besides this, Q1 2024 earnings results show an uptick in FFO, benefit from long-dated debt financings, and a promising deal with Microsoft.
- In a nutshell, in this article, I elaborate on why I think that BEP's return prospects have improved after the Q1 2024 report.
In March this year, I issued a bullish thesis on Brookfield Renewable Partners L.P. Limited Partnership Units ( BEP ), which, since then, has generated ~13% in total returns, while the S&P 500 is down by ~2%....
Brookfield Renewable Partners: Growing Value Stock That Is Worth Considering After Q1 2024