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Brookfield Renewable (BEP) Surges 5.1%: Is This an Indication of Further Gains?
ZACKSยท 2025-10-29 15:21
Core Insights - Brookfield Renewable Energy Partners (BEP) shares increased by 5.1% to $31.44, with a notable trading volume, reflecting a 14.1% gain over the past four weeks [1] Group 1: Strategic Developments - Brookfield, in collaboration with the United States Government and Cameco Corporation, announced a partnership to deploy Westinghouse Electric Company's nuclear reactor technology, aiming to build at least $80 billion worth of new reactors in the U.S., which is expected to enhance Brookfield's growth prospects [2] - The company continues to focus on building and owning high-quality renewable energy assets, generating stable cash flows through long-term contracts, and operating low-cost assets in developed markets [3] Group 2: Financial Performance Expectations - Brookfield Renewable is projected to report a quarterly loss of $0.46 per share, a year-over-year decline of 43.8%, while revenues are expected to reach $897.36 million, reflecting an 11.6% increase from the previous year [4] - The consensus EPS estimate for Brookfield Renewable has been revised 2.4% higher in the last 30 days, indicating a positive trend that typically correlates with stock price appreciation [6] Group 3: Industry Context - Brookfield Renewable is part of the Zacks Utility - Electric Power industry, where another company, Pinnacle West, saw its consensus EPS estimate change by -122.2% to $3.04, representing a year-over-year decline of 9.8% [6][7]