Brookfield Renewable Partners LP

BEP.UN: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 73.00	Fdll	Rkhmhgrw

Brookfield Renewable Earnings: Results Adversely Impacted by Weak Hydro Generation

Brett Castelli

Feb 2, 2024

We maintain our $28 (CAD 38) fair value estimate for Brookfield Renewable Partners following third-quarter results. Additionally, we maintain our $29 (CAD 39) fair value estimate for Brookfield Renewable Corp. We view shares as slightly undervalued. Our no-moat ratings are also unchanged.

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