Brookfield Renewable Partners L.P.(BEP) Investor Place·2024-06-13 10:22Group 1: First Solar (FSLR) - First Solar is one of the largest pure-play solar companies globally, with a market cap exceeding 356 suggests a potential upside of nearly 40% [1] - FSLR has rebounded significantly in 2024, gaining 55% year-to-date, primarily since mid-May [6] - Despite recent gains, FSLR trades at 8x sales and 20x forward earnings, which are lower multiples compared to earlier in 2023 [11] - First Solar's gross margins stand at an impressive 43%, significantly above the industry average of 28.7% [11] Group 2: Brookfield Renewable Partners (BEP) - Brookfield Renewable Partners owns a diversified portfolio of renewable energy assets, including 10,700 MW of hydro, 37,200 MW of wind, 75,300 MW of solar, and 26,400 MW of storage [3] - The current price of BEP is slightly below the average Wall Street analyst target of 34 [8] - BEP trades at just 1.4x sales, with a 10-year revenue compounded annual growth rate (CAGR) of 11% [13] - Brookfield is focused on expanding its holdings and acquiring new infrastructure, while also offering a dividend yield of over 5% [13] Group 3: Rivian (RIVN) - Rivian has faced challenges in scaling production and has seen a significant drop in stock price since its IPO [10] - The company recently announced three new lower-priced vehicles expected to launch by 2026, which could positively impact its market position [10] - Analysts have set a one-year price target range for Rivian between 36, with an average target of $15.92, indicating potential for over 200% upside [14] - Rivian's shares are currently trading at historical lows of 2.2x sales, while revenues have improved over the past three years [15]