Brookfield Renewable Partners: Units Are Fairly Valued, But Floating Preferreds Offer 11%+ Yield

StockByM/iStock via Getty Images Brookfield Renewable Partners (TSX:BEP.UN:CA) (NYSE:BEP) is a utility with approximately 32.1 GW of geographically diversified generation assets, with renewables representing around 97% of the total. The company's business model relies on stable cash flows, as 90% of the revenues are contracted under Power Purchase Agreements with a weighted average remaining life of 13 years. The recent increase in inflation, which remains relatively high, had a limited impact on the compan ...