UBS Group Upgrades Brookfield Renewable Energy Partners (TSE:BEP) to “Strong-Buy”

Brookfield Renewable Energy Partners (TSE:BEP) was upgraded by equities researchers at UBS Group from a “hold” rating to a “strong-buy” rating in a research report issued on Monday, Marketbeat reports. The firm currently has a C$31.00 price target on the stock, up from their prior price target of C$24.00.

Brookfield Renewable Energy Partners Stock Performance

Brookfield Renewable Energy Partners (TSE:BEP) last issued its quarterly earnings results on Friday, August 2nd. The company reported C($0.38) EPS for the quarter, missing analysts’ consensus estimates of C$0.18 by C($0.56). The firm had revenue of C$1.14 billion for the quarter, compared to analyst estimates of C$1.25 billion.

Brookfield Renewable Energy Partners Company Profile

Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms. Its portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals approximately 20,000 megawatts of installed capacity and an approximately 23,000 megawatt development pipeline.