Brookfield Renewable Partners LP

BEP.UN: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 79.00	Pkys	Mvfrvtydb

Initiating Coverage of Brookfield Renewable Partners With a No-Moat Rating; $34 Fair Value Estimate

Brett Castelli

Mar 22, 2022

We are initiating coverage of Brookfield Renewable Partners with a no-moat, stable trend rating and $34 (CAD 43) fair value estimate. We view Brookfield as a strong allocator of capital, hence our Exemplary capital allocation rating, but view shares as overvalued at current prices and encourage investors to be patient.

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