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Brookfield Renewable Partners LP

BEP.UN: XTSE (CAN)

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Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 34.00	Yvk	Xvhqpnwsw

Brookfield Renewable Broadens Portfolio With Westinghouse Acquisition; Shares Slightly Undervalued

Nov 4, 2022

We lower our fair value estimate for Brookfield Renewable to $33 (CAD 45) per share from $36 (CAD 46.50) following its third-quarter results. The primary driver of our lower fair value estimate is higher discount rates we apply to the company's asset values in our valuation. As an owner of long-duration renewable energy assets, interest rates are a key determinant of asset value. We view shares as slightly undervalued at current levels.

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