Brookfield Renewable's generous dividend and consistently rising cash flows make it a great stock to own.Often, when a stock's dividend yield rises above 4%, that's a red flag. That's not the case with Brookfield Renewable Partners (BEP +2.15%), though, despite its forward yield of nearly 5% at its current share price of about $31. That's more than four times the S&P 500's average yield.NYSE : BEPBrookfield Renewable PartnersToday's Change( 2.15 %) $ 0.67Current Price$ 31.77Key Data PointsMarket Cap$9.7BDay ...

If Hollywood remade The Graduate today, the film's famous lines by Mr. McGuire to Benjamin would likely have a different ending. Today's dialog would probably go something like, "I just want to say one word to you. Just one word...Power." That's because the world needs a tremendous amount of new power-generating capacity to support the transition to electric vehicles, operate new automated industrial manufacturing facilities, and support power-hungry AI data centers. Brookfield Renewable (NYSE: BEPC)(NYSE ...

Core Viewpoint - Listed infrastructure underperformed global equities in Q4, impacted by higher long-term bond yields despite two cuts in short-term rates in the U.S. [2] - European utilities outperformed U.S. utilities, aided by improving regulations, while renewables benefited from their growing relevance in AI and policy derisking [2] Sector Performance - Underperforming sectors included natural gas utilities, energy infrastructure pipelines, communication towers, and North American rails, primarily due to higher production levels and unfavorable weather forecasts [3] - Electric utilities and toll roads were the top contributors to portfolio performance, while renewables and energy infrastructure were the main detractors [12] Regional Highlights - Western Europe was the top portfolio contributor, with U.K. electric utility SSE and Spanish toll road operator Ferrovial leading the performance [4] Company Insights - SSE, the U.K.'s largest renewable energy generator, saw its share price rise as funding risks diminished and macroeconomic concerns eased [5] - Ferrovial's U.S. listing qualified for Nasdaq 100 inclusion, and its core toll road asset in Ontario announced higher-than-expected toll increases for 2026, indicating strong pricing power [6] - WEC Energy and Brookfield Renewable were the largest detractors, with WEC's shares declining after a disappointing annual update and Brookfield's share price falling as the renewables trade cooled [7][8] Outlook - The inflection in electricity demand and solid earnings growth are expected to continue benefiting listed infrastructure performance into 2026, supported by lower nominal bond yields [9] - Electric utilities are positioned to benefit from the energy transition, climate change adaptation, and growing electricity demand, particularly from AI data centers [10] Portfolio Highlights - The strategy outperformed relative to the FTSE Global Core Infrastructure 50/50 Index in Q4, driven by strong stock selection in electric, water, and gas utility sectors [13] - Top contributors included SSE, Ferrovial, U.K. water utility Severn Trent, and U.S. electric utility NextEra Energy, while main detractors were WEC Energy and Brookfield Renewable [14] Investment Actions - Positions were initiated in Brookfield Renewable, Brazilian electric utility Equatorial, and U.S. electric utility Portland General Electric, while positions in Emera and Cheniere were exited [15]

Group 1: AI and Chip Industry - Companies like Nvidia and Texas Instruments are gaining attention in the AI sector, with Nvidia focusing on AI brains and Texas Instruments on analog chips that manage real-world signals [1][2] - Texas Instruments has identified data centers as a significant growth opportunity, with sales in this segment growing by 70% in 2025 [3] Group 2: Data Center Demand - The surge in chip demand from Texas Instruments indicates a rapid increase in data center construction, leading to higher power requirements [4] - Bloom Energy provides hydrogen power cells that can be delivered faster than traditional electric utilities can build infrastructure, targeting data center owners and energy companies [5] - Brookfield Renewable is supplying electricity to major AI sector customers like Microsoft and Google, appealing to dividend investors with a yield of 5.2% [6] Group 3: Future Trends - The advancement of AI technology is expected to create long-term investment opportunities, with companies like Texas Instruments, Bloom Energy, and Brookfield Renewable playing crucial roles in this transition [9]

Core Viewpoint - Brookfield Renewable has consistently increased its quarterly dividend by at least 5% since 2011, making it a reliable income-generating stock [1] Group 1: Dividend Information - The quarterly distribution payment has been raised to $0.392 per share, which annualizes to $1.568 [2] - To generate $1,000 in annual income, an investor would need to own 638 shares of either Brookfield Renewable Corporation (BEPC) or Brookfield Renewable Partners (BEP) at the new rate [2] Group 2: Share Price and Yield - BEPC's share price is approximately $42, yielding 3.8%, while BEP's share price is around $30, yielding 5.3% [3] - The difference in share prices is attributed to BEP issuing a Schedule K-1, complicating tax filings for investors [3] Group 3: Investment Comparison - To generate $1,000 in annual dividend income, an investment of over $26,550 is required for BEPC compared to around $18,730 for BEP [3] - Brookfield Renewable Partnership (BEP) offers a lower-cost option for income-focused investors who are willing to navigate potential tax complications [5] Group 4: Key Financial Metrics - Brookfield Renewable has a market capitalization of $7.4 billion, with a gross margin of 26.41% and a dividend yield of 3.64% [5]

Core Insights - Brookfield Renewable Corporation (NYSE:BEPC) is a significant player in the renewable energy sector, focusing on hydroelectric, wind, and solar power with an installed capacity of approximately 12,723 megawatts [1] - The company operates in multiple regions including the United States, Europe, Colombia, and Brazil, contributing to the global transition towards sustainable energy [1] Price Targets and Analyst Sentiment - The consensus price target for BEPC has remained stable at $36 over the past month and quarter, indicating steady confidence from analysts despite a slight decrease from last year's average price target of $36.67 [2][5] - Morgan Stanley has set a higher price target of $39 for BEPC, reflecting a positive outlook on the company's future performance based on strategic initiatives and market trends [4][5] Company Performance and Market Trends - During the Q4 2025 earnings call, management emphasized the company's strong performance and expanding development pipeline, driven by increasing electricity demand due to electrification, renewed industrial activity, and the growth of AI-related data centers [3]

Core Viewpoint - Brookfield Renewable is well-positioned to benefit from the growing demand for clean energy to support AI technologies, making it an attractive investment opportunity due to its high dividend yield and diversified energy portfolio [1]. Company Overview - Brookfield Renewable operates as an independent power producer, selling power under long-term contracts, which generates reliable cash flows for dividends and business expansion [2]. - The company actively manages its portfolio by building, buying, and selling assets, using proceeds from sales to acquire new assets [2]. Power Portfolio - The power portfolio is diversified across clean and renewable energy sources, including hydroelectric, solar, wind, battery, and nuclear power, with operations in North America, South America, Europe, and Asia [3]. - Approximately 75% of revenue is derived from developed markets, while 25% comes from emerging markets, showcasing geographical and technological diversification [3]. Investment Structure - Brookfield Renewable is managed by Brookfield Asset Management, which uses it to fund larger clean energy investments, meaning investors are effectively investing alongside Brookfield Asset Management [4]. - There are two investment structures available: a partnership with a 5.1% yield and a corporate structure with a 3.7% yield, both representing the same business but differing in demand and investor restrictions [5]. Market Opportunities - Brookfield Renewable is positioned as a comprehensive provider of clean energy, appealing to companies looking to establish data centers, particularly those focused on AI [6]. - Notable partnerships with Microsoft and Google for substantial power contracts (10.5 gigawatts and 3 gigawatts, respectively) highlight the company's role in supporting AI infrastructure [7][9]. Growth Potential - The company is targeting annual dividend growth of 5% to 9%, with plans to deploy up to $10 billion in growth capital over the next five years, indicating strong potential for continued dividend increases [10].

Financial Data and Key Metrics Changes - The company delivered $2.01 of FFO per unit, up 10% year-over-year, aligning with long-term growth targets [3][15] - In Q4, FFO was $346 million, up 14% year-over-year, or $0.51 per unit [15] - For the full year, FFO totaled $1,334 million, reflecting a 10% increase year-on-year [15] Business Line Data and Key Metrics Changes - The hydroelectric segment reported FFO of $607 million, a 19% increase from the prior year, driven by solid generation in Canada and Colombia [16] - The wind and solar segments generated a combined $648 million of FFO, supported by acquisitions and investments, though offset by prior year gains from asset sales [16] - Distributed energy storage and sustainable solutions achieved record results of $614 million, up almost 90% from the previous year, fueled by development growth and the acquisition of Neoen [17] Market Data and Key Metrics Changes - The company ended 2025 with $4.6 billion in available liquidity, maintaining a strong balance sheet and a BBB+ investment-grade credit rating [17][18] - The energy demand environment is shifting, with rising demand driven by electrification and industrial activity, leading to a focus on large-scale renewable energy additions [6][7] Company Strategy and Development Direction - The company is scaling development of low-cost, fast-to-market solar and onshore wind to meet accelerating power demand, targeting a run rate of approximately 10 GW of new capacity per year by 2027 [8] - Investments in hydro and nuclear are prioritized for their reliability and scale, with significant contracts signed with major corporates [9][10] - The company is positioned to capitalize on the growing demand for energy solutions, leveraging strong partnerships and access to capital [14] Management's Comments on Operating Environment and Future Outlook - Management highlighted the strategic priority of power globally, noting that energy demand is rising at unprecedented rates [5][6] - The company expects to see higher contracted power prices across its hydro portfolio as new contracts are layered in [42][43] - The outlook for battery storage is optimistic, with expectations to quadruple capacity over the next three years [12] Other Important Information - The company announced a 5% increase in annual distribution to $1.468 per unit, marking 15 consecutive years of annual distribution growth of at least 5% [25] - A fully discretionary $400 million at-the-market equity issuance program was announced to repurchase BEP L.P. units [24] Q&A Session Summary Question: Update on Microsoft Framework Agreement and project cadence - Management noted that demand from corporates, especially hyperscalers, is at an all-time high, with expectations for growth to accelerate from 2026 through the decade [27][29] Question: Commentary on balance sheet and liquidity - Management expressed comfort with maintaining liquidity around the $4 billion mark, emphasizing a focus on capital recycling to support growth [30][32] Question: Headwinds in U.S. project development - Management indicated no slowdown in solar projects, while acknowledging some permitting delays for onshore wind, but overall progress is being made [39][40] Question: Realized power prices for U.S. hydro segment - Management expects an increase in realized hydro prices due to high demand and new long-term contracts being layered in [41][42] Question: Capital recycling and repeat customers - Management confirmed that capital recycling activities have become a consistent source of funding and earnings, with expectations for continued growth [44][45] Question: Battery storage development and M&A opportunities - Management highlighted a strong organic development pipeline for batteries, with ongoing M&A opportunities being evaluated [65][66] Question: Offshore wind opportunities - Management is open to evaluating offshore wind opportunities, particularly in Europe, but will assess risk-return profiles carefully [68][70]

Brookfield Renewable (NYSE:BEPC) Q4 2025 Earnings call January 30, 2026 09:00 AM ET Speaker5Good day, and thank you for standing by. Welcome to the Brookfield Renewable Partners' fourth quarter and full year 2025 results. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you'll need to press star one one on your telephone. You will then hear an automated message advising your hand is ...

Core Insights - Brookfield Renewable Partners reported record financial results for 2025, highlighting its leadership in providing clean and reliable energy solutions to governments and corporations [2][3] - The company signed a Hydro Framework Agreement with Google to deliver up to 3,000 megawatts of hydro capacity, reflecting strong demand from hyperscalers for clean energy [4][7] Financial Performance - For the twelve months ended December 31, 2025, Brookfield Renewable reported Funds From Operations (FFO) of $1,334 million, or $2.01 per unit, representing a 10% increase year-over-year [3][4] - The net income attributable to unitholders for the same period was a loss of $19 million, compared to a loss of $464 million in 2024 [3][4] Operating Segments - The hydroelectric segment generated $607 million in FFO, up 19% year-over-year, driven by higher revenue and stronger generation in Canada and Colombia [4][7] - The wind and solar segments combined generated $648 million in FFO, benefiting from acquisitions and development activities [4][7] - The distributed energy, storage, and sustainable solutions segments contributed $614 million in FFO, nearly a 90% increase from the previous year [4][7] Strategic Initiatives - The company committed or deployed up to $8.8 billion across strategic technologies in core markets, enhancing its growth potential [5][6] - Brookfield Renewable executed a record ~$4.5 billion in asset recycling, generating expected proceeds that significantly exceeded invested capital [6][7] Capacity Expansion - The company delivered approximately 8,000 megawatts of new capacity globally in 2025, a 20% increase year-over-year, and expects to achieve a run-rate of ~10,000 megawatts per year by 2027 [7][8] - Brookfield Renewable's partnerships with leading corporates and governments are expected to drive further growth in large-scale clean energy solutions [5][7] Liquidity and Capital Structure - As of December 31, 2025, the company maintained $4.6 billion in available liquidity and completed over $37 billion in financings, optimizing its capital structure [9][14] - The company reaffirmed its BBB+ investment grade rating with major rating agencies during 2025 [14] Distribution Declaration - The next quarterly distribution is set at $0.392 per LP unit, reflecting a more than 5% increase, bringing the total annual distribution per unit to $1.568 [10][11]