RBC Capital Reaffirms Their Buy Rating on Brookfield Renewable Partners (BEP)
RBC Capital analyst Nelson Ng maintained a Buy rating on Brookfield Renewable Partners (BEP – Research Report) on April 27 and set a price target of $31.00. The company's shares closed yesterday at $23.21.
Protect Your Portfolio Against Market Uncertainty
Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
According to TipRanks, Ng is a 4-star analyst with an average return of 6.2% and a 51.38% success rate. Ng covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Algonquin Power & Utilities, and Northland Power.
Brookfield Renewable Partners has an analyst consensus of Strong Buy, with a price target consensus of $30.56.
The company has a one-year high of $29.56 and a one-year low of $19.29. Currently, Brookfield Renewable Partners has an average volume of 691.1K.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
4 days ago
- Globe and Mail
Most Anticipated Earnings this Week – Week of June 2, 2025
The week ahead holds earnings releases for several market-moving companies, including names such as Nio and Broadcom, which are of particular interest to many investors. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Here is a list of this week's most anticipated earnings. Click on any ticker to further research the stock and determine whether it's a Buy, ahead of its earnings report. Tuesday, June 3: (DG), (NIO), (CRWD), (HPE) Wednesday, June 4: (CHPT), (MDB) Thursday, June 5: (AVGO), (DOCU) Disclaimer & Disclosure Report an Issue This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
Globe and Mail
6 days ago
- Globe and Mail
The Smartest High-Yield Stocks to Buy With $100 Right Now
You can buy some smart high-yield investments with as little as $100 if you take your time and act selectively. Right now, United Parcel Service (NYSE: UPS), Brookfield Renewable Partners (NYSE: BEP), and Enterprise Products Partners (NYSE: EPD) all have 6% yields or higher, and share prices that are below $100. Here's a look at why each one might be a good fit for your portfolio right now. 1. United Parcel Service is a turnaround story United Parcel Service (or UPS) is one of the largest package delivery services in the world. During the coronavirus pandemic, investors bid up its shares because they extrapolated demand from people staying at home too far into the future. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » When the world opened back up, UPS fell short of Wall Street's lofty expectations. At that point, the company started to revamp its business, focusing on cost-cutting and increasing margins. When it finally looked like UPS had hit an inflection point, the company announced it was voluntarily reducing the business it was doing with Amazon, its largest customer. And shortly thereafter, the tariff upheaval started. The stock remains in Wall Street's doghouse even though it is making progress on its turnaround. In fact, the move away from Amazon is really a sign of strength, not weakness. UPS is basically trying to move away from a high-volume, low-margin customer. The 6.7% dividend yield is a sign that investors are worried about the future. But if you don't mind owning a turnaround stock, UPS looks like it has its business trending in the right direction again, even if the rebound is still a few years away. The lofty yield is good compensation for waiting. 2. Brookfield Renewable Partners has a growth runway Brookfield Renewable Partners owns a portfolio of renewable energy assets, including in the hydroelectric, solar, wind, battery, and nuclear categories. Its portfolio is spread across the globe, with operations in North America, South America, Europe, and Asia. It is as close to a one-stop shop in the renewable power sector as you can find on Wall Street. And it has a lofty 6.5% distribution yield. Part of the reason Brookfield's yield is so high is that investors have lost interest in clean energy stocks. That's an opportunity for those who think long term. In the U.S. market, wind, solar, and storage generation are expected to increase by 300% between 2020 and 2050, according to the National Electrical Manufacturers Association. That's all part of a massive increase in the demand for electricity that is taking place, with demand growth over the next 20 years expected to be six times larger than over the last 20 years. This is a global phenomenon, and Brookfield Renewable Partners is well-positioned to benefit all along the way. Meanwhile, you can collect a huge yield while the slow and steady shift from dirtier carbon energy sources toward cleaner alternatives plays out. 3. Enterprise Products Partners is an income tortoise Two things beyond the lofty 6.8% yield make this master limited partnership (MLP) stand out. The first is the more important one because it is the business behind the yield. Enterprise Products Partners owns midstream energy assets, like pipelines, that help to move oil and natural gas around the world. It charges fees for the use of these assets so it generates reliable cash flows through the entire energy business cycle. Add in an investment-grade balance sheet and distribution coverage by a 1.7 multiple in 2024, and this is a rock-solid income stock. A lot would have to go wrong for a distribution cut to be on the table. In fact, given the $7.6 billion capital investment plan in the works, it is far more likely that investors will see more distribution increases in the future. And that brings up the second reason to like Enterprise: It has increased its distribution annually for 26 consecutive years and counting. This midstream business is boring and reliable, and that's exactly why you'll likely find it to be a smart high-yield investment to add to your portfolio right now. Three high-yield options for your portfolio There is more than one way to add a high yield to your dividend portfolio. UPS is a turnaround story. Brookfield Renewable Partners is an option with a strong growth story behind it. And Enterprise is a boring high-yield business that even the most conservative of income investors could easily love. Should you invest $1,000 in United Parcel Service right now? Before you buy stock in United Parcel Service, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and United Parcel Service wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,985!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $853,108!* Now, it's worth noting Stock Advisor 's total average return is978% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Reuben Gregg Brewer has positions in Brookfield Renewable Partners. The Motley Fool has positions in and recommends Amazon. The Motley Fool recommends Brookfield Renewable Partners, Enterprise Products Partners, and United Parcel Service. The Motley Fool has a disclosure policy.
Globe and Mail
7 days ago
- Globe and Mail
Boeing Stock (NYSE:BA) Climbs as It Gets Its Groove Back
Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter After a turbulent 2024 marked by production setbacks and regulatory scrutiny, aerospace stock Boeing (NYSE:BA) has been on an upswing in 2025. Year-to-date, Boeing shares have risen ~16%, buoyed by a combination of improved operational performance and renewed investor confidence. The company's efforts to stabilize production lines and address past quality issues have started to bear fruit, signaling a potential turnaround for the aerospace giant. CEO Signals a Return to Strength That momentum got a major boost today. Speaking at the Bernstein Strategic Decisions Conference, CEO Kelly Ortberg delivered the clearest signal yet that Boeing is back on the offensive. He laid out plans to raise 737 MAX production from the current FAA-capped 38 jets per month to 42 in the near term, with a target of hitting 47 per month by year-end. Ortberg emphasized that the ramp-up is conditional on meeting quality benchmarks and regulatory sign-off. Ortberg also confirmed that Boeing is preparing to resume aircraft deliveries to China in June, marking a major milestone after a prolonged pause caused by geopolitical and trade tensions. The return of Chinese buyers, historically a key growth market for Boeing, could offer a meaningful boost to the company's commercial segment. Another important update from the conference was Boeing's timeline for certifying its remaining 737 MAX variants. Ortberg said the company is aiming to complete certification for both the MAX 7 and MAX 10 models by the end of 2025. These additions to the MAX lineup are critical for Boeing's competitive positioning and future order growth. Quality Improvements and Cash Flow Outlook Ortberg highlighted that customer satisfaction is improving, noting, 'Virtually every one of our customers is reporting a higher quality of airplane at delivery.' Internally, Boeing has seen a 30% reduction in factory defects, a sign that its quality-focused initiatives are paying off. Looking ahead, Ortberg expressed confidence in achieving positive free cash flow in the second half of 2025, an important financial milestone after a challenging period. Investors responded positively, sending Boeing shares up 3% on the day. Boeing Stock Is a Moderate Buy Overall, Boring stock has attracted 20 analyst reviews, with a breakdown of 15 Buys, 4 Holds, and 1 Sell giving a Moderate Buy consensus rating. Shares are priced at $206.79 and their average price target of $213.37 implies ~3% upside. (See BA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
