BMO Capital Downgrades Brookfield Renewable Energy to Hold

By Carrie Williams

In a report released yesterday, Benjamin Pham from BMO Capital downgraded Brookfield Renewable Energy (NYSE: BEP) to Hold, with a price target of $33. The company’s shares opened today at $32.14, close to its 52-week high of $32.99.

According to, Pham is a 5-star analyst with an average return of 9.8% and a 88.5% success rate. Pham covers the Utilities sector, focusing on stocks such as Atlantic Power Corp, Pattern Energy, and TransAlta.

Brookfield Renewable Energy has an analyst consensus of Moderate Buy, with a price target consensus of $32.75.

Based on Brookfield Renewable Energy’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $676 million and quarterly net profit of $15 million. In comparison, last year the company earned revenue of $674 million and had a net profit of $26 million.

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Brookfield Renewable Partners LP owns, operates and develops renewable power generation facilities across North and South America. It operates through following segments: Hydroelectric, Wind and Other. The Hydroelectric segment provides facilities in the United States, Canada and Brazil. The Wind segment provides facilities in the United States, Canada and Europe. The Other segment includes biomass and co-gen. The company was founded on June 27, 2011 and is headquartered in Hamilton, Bermuda.