Key Facts on Brookfield Renewable
Brookfield Renewable (NYSE: BEPC), a Canadian green energy company, has a capacity of 48,700 megawatts (MW) across hydroelectric, wind, solar, and electric storage. In Q2 2023, it signed new power purchase agreements (PPAs) for over 2,600 MW, including a significant contract with Alphabet to deliver up to 3,000 MW of hydroelectric capacity in the U.S. and a deal with Microsoft for 10.5 gigawatts (GW) of renewable energy from 2026 to 2030.
The company’s dividend yield stands at around 5.12%, following a 5% increase in its quarterly dividend to $0.392—marking the sixth consecutive year of growth. For Q2 2023, Brookfield Renewable reported record funds from operations (FFO) of $421 million, showcasing a year-over-year increase of 13%. Its revenue reached $1.71 billion, a growth of 1% compared to the same quarter last year.
Despite a over 20% decline in stock price this year, Brookfield Renewable’s shares trade at historically low valuations, around one times trailing and forward sales. The company is positioned to continue meeting the rising demand for clean energy, particularly from tech giants needing large-scale electricity.
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