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BEP

Brookfield Renewable Partners LP

NYSE: BEP · UTILITIES · UTILITIES - RENEWABLE

$32.08
-3.46% today

Updated 2026-04-29

Market cap
$20.70B
P/E ratio
—
P/S ratio
3.23x
EPS (TTM)
$-0.25
Dividend yield
4.89%
52W range
$21 – $36
Volume
0.8M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Brookfield Renewable Partners LP (BEP) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$32.08
Consensus
$34.70
+8.17%
2030 Target
$231.70
+622.26%
DCF
$79.57
+60.66% MoS
10 analysts:
7 Buy2 Hold1 Sell

Management guidance

No specific CEO revenue targets disclosed in available materials. Management has emphasized FFO (Funds From Operations) growth above 10% annually and a 47.2 GW operating capacity with 200+ GW development pipeline. The Boralex acquisition (CAD 9B, closing Q4 2026) will materially expand the asset base and revenue contribution starting late 2026.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$386.17
$12.4B Rev × 20x P/S
Base case (2030)
$231.70
$12.4B Rev × 12x P/S
Bear case (2030)
$154.47
$12.4B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2029 (E)2030 (E)
Revenue$5.0B$5.9B$6.5B$7.3B$8.4B$11.0B$12.4B
Revenue growth—16.6%10.9%14.4%15.3%13.8%12.9%
EPS$-0.32$-0.89$-0.26$0.65$0.82$1.18$1.34
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$137.68$157.83$204.84$231.70

Catalysts & risks

Growth catalysts
+ Boralex acquisition closing (Q4 2026) adding ~CAD 9B in renewable assets and expanding wind/solar/storage portfolio
+ AI data center power demand driving long-term contracts with tech giants (Google, Microsoft, Meta) requiring incremental renewable capacity
+ 200+ GW development pipeline converting to operating capacity, with major projects expected to come online through 2028-2029
+ US clean energy incentives (IRA, tax credits) supporting margin expansion and project economics
+ Dividend growth program (5.1% increase announced 2026) signaling management confidence in cash flow sustainability
Key risks
- High leverage (Debt/Equity 7.78x) constrains capital deployment flexibility and increases refinancing risk in rising rate environment
- Negative current earnings and cash flow (payout ratio -15,600%) despite growing FFO — indicates non-GAAP/accounting mismatch that may concern equity investors
- Interest rate sensitivity: 60%+ of earnings come from stable cash flows, but cost of capital directly impacts valuation and acquisition returns
- Regulatory risk: Changes to renewable energy subsidies, grid interconnection policies, or utility rate structures could impact contract values
- Integration execution risk on Boralex acquisition and ability to achieve synergy targets

Methodology

Brookfield Renewable Partners LP's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 10 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.