Tearsheet

Brookfield Renewable (BEPC)

Market Price (12/4/2025): $39.515 | Market Cap: $7.1 Bil
Sector: Utilities | Industry: Renewable Electricity

Brookfield Renewable (BEPC)

Market Price (12/4/2025): $39.515
Market Cap: $7.1 Bil
Sector: Utilities
Industry: Renewable Electricity

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Megatrend and thematic drivers Megatrends include Renewable Energy Transition. Themes include Solar Energy Generation, Wind Energy Development, and Battery Storage & Grid Modernization.	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 550%
1		Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 18x
2		Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.8%, Rev Chg QQuarterly Revenue Change % is -11%
3		Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -20%
4		Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -18%

0	Megatrend and thematic drivers Megatrends include Renewable Energy Transition. Themes include Solar Energy Generation, Wind Energy Development, and Battery Storage & Grid Modernization.
1	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 550%
2	Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 18x
3	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.8%, Rev Chg QQuarterly Revenue Change % is -11%
4	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -20%
5	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -18%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$39.52	$26.41
Market Cap CYE ($ Bil)	7.1	4.7	-	-	-
Total Debt ($ Bil)	35.9	14.1	16.6	14.1	13.9
Total Cash ($ Bil)	1.9	0.4	0.4	0.4	0.4
Enterprise Value ($ Bil)	41.1	18.8
Valuation Ratios
P/S TTM	1.6	1.2	0.0	0.0	0.0
P/EBIT TTM	5.0	2.2	0.0	0.0	0.0
P/E TTM	-7.0	21.1	0.0	0.0	0.0
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0	0.0

	12/4/25	2024	2023
Share Price CYE	$39.52	$26.41
Market Cap CYE ($ Bil)	7.1	4.7	-
Total Debt ($ Bil)	35.9	14.1	16.6
Total Cash ($ Bil)	1.9	0.4	0.4
Enterprise Value ($ Bil)	41.1	18.8
Valuation Ratios
P/S TTM	1.6	1.2	0.0
P/EBIT TTM	5.0	2.2	0.0
P/E TTM	-7.0	21.1	0.0
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0

	BEPC	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	3.8
Rev Chg Q	-10.6%	7.1%
Rev Chg LTM	-10.5%	6.1%
Rev Chg 3Y Avg	0.8%	5.5%
PROFITABILITY	POOR
Op Inc LTM ($ Bil)	0.9
CFO LTM ($ Bil)	0.4
Net Inc LTM ($ Bil)	-0.9
Op Mgn LTM	23.5%	18.8%
CFO/Rev LTM	9.3%	20.5%
Net Inc Mgn	-23.2%	13.1%
VALUATION	LOW
P/S	1.6	3.2
P/CFO	17.6	15.8
P/FCF	-8.3	20.5
P/E	-7.0	23.5
STABILITY	VERY POOR
Debt/Equity	5.81	0.20
Cash/Assets	0.02	0.07

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Metric	Value	Date	Source
Operating Capacity	48,700 MW	9302025	Link
Development Pipeline	over 200 GW	9302025	Link
Proportionate Actual Renewable Generation (for the three months ended September 30, 2025)	7,186 GWh	9302025	Link
Available Liquidity	$4.7 billion	9302025	Link
Annualized Long-Term Average (LTA) Generation	approximately 127,000 GWh	9302025	Link
Commissioned Capacity in Q3 2025	1,800 MW	9302025	Link
Expected Commissioned Capacity in 2025	~8,000 MW	11052025	Link

Recent
11/05/2025	Earnings Release	Rev: $931 Mil (A) vs. $2.0 Bil (E) EPS: 999.00 (A) vs. $-0.01 (E)
11/28/2025	Dividend	Amount: $0.37 Payment On: 12/31/2025
Upcoming
1/30/2026	Earnings Release	Rev: $2.0 Bil (E) EPS: $-0.14 (E)

BEPC Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Here are five key points explaining the stock movement of Brookfield Renewable (BEPC) from approximately August 31, 2025, to December 4, 2025: 1. Strong Third Quarter 2025 Financial Results.
Brookfield Renewable Partners reported robust third-quarter 2025 earnings on November 5, 2025. The company's revenue reached $1.6 billion, significantly exceeding forecasts by 75.25%. Furthermore, Funds From Operations (FFO) increased by 10% year-over-year to $302 million, and the reported loss per share of $0.23 was better than the anticipated loss of $0.31.

2. Strategic Expansion into Southeast Asian Markets.
In late November and early December 2025, Brookfield Asset Management initiated its first renewable energy investments in the Philippines, Vietnam, and Thailand. These strategic moves included the acquisition of Alba Renewables, a clean energy developer with a portfolio of 1.6 GW to 1.8 GW of wind, solar, and battery storage projects, along with a 100 MW operational wind project in Vietnam. These investments are aimed at establishing a major decarbonization platform in the region.

3. Major Agreements and Successful Upfinancings.
During the third quarter of 2025, Brookfield Renewable highlighted a significant Hydro Framework Agreement with Google, aimed at supplying up to 3 gigawatts of hydroelectric capacity in the United States. Additionally, the company successfully raised approximately $1.1 billion (with about $400 million net to Brookfield Renewable) through upfinancing three hydro assets, which attracted substantial investor interest.

4. Effective Asset Recycling Program.
Brookfield continued its asset recycling program, generating an estimated $2.8 billion (approximately $900 million net to Brookfield Renewable) from signed and closed transactions since the beginning of the third quarter of 2025. The company anticipates achieving a record year for asset recycling in 2025, thereby generating strong returns and capital for future growth and reinvestment.

5. Positive Analyst Sentiment and Increased Price Targets.
Throughout October and November 2025, several financial analysts reiterated or raised their price targets for BEPC. Notably, Morgan Stanley increased its price target to $48.00 on November 24, 2025, while JPMorgan Chase & Co. also boosted its target price to $44.00 and later to $48.00. The consensus analyst rating for BEPC remained "Hold" or "Moderate Buy," with average 12-month price targets ranging from $39.75 to $43.67, indicating a positive outlook.

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Stock Movement Drivers

Fundamental Drivers

The 21.0% change in BEPC stock from 9/3/2025 to 12/3/2025 was primarily driven by a 24.5% change in the company's P/S Multiple.

	9032025	12032025	Change
Stock Price ($)	32.66	39.52	21.00%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3887.00	3777.00	-2.83%
P/S Multiple	1.51	1.88	24.52%
Shares Outstanding (Mil)	179.61	179.61	0.00%
Cumulative Contribution			21.00%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
BEPC	21.0%
Market (SPY)	6.2%	26.1%
Sector (XLU)	4.5%	21.7%

Fundamental Drivers

The 36.7% change in BEPC stock from 6/4/2025 to 12/3/2025 was primarily driven by a 42.0% change in the company's P/S Multiple.

	6042025	12032025	Change
Stock Price ($)	28.91	39.52	36.72%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3924.00	3777.00	-3.75%
P/S Multiple	1.32	1.88	42.04%
Shares Outstanding (Mil)	179.61	179.61	0.00%
Cumulative Contribution			36.72%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
BEPC	36.7%
Market (SPY)	15.1%	33.2%
Sector (XLU)	9.0%	19.2%

Fundamental Drivers

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Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
BEPC
Market (SPY)	14.3%	43.4%
Sector (XLU)	11.3%	41.3%

Fundamental Drivers

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Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
BEPC
Market (SPY)	53.2%	43.4%
Sector (XLU)	46.2%	41.3%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
BEPC Return	-	-	-	-	-	53%	53%
Peers Return	18%	-0%	-21%	-8%	-25%	46%	-6%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
BEPC Win Rate	-	-	-	-		80%
Peers Win Rate	48%	37%	38%	35%	48%	68%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
BEPC Max Drawdown	-	-	-	-	-	-11%
Peers Max Drawdown	-8%	-14%	-37%	-31%	-36%	-40%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: ORA, STEM, BEPC, CWEN, FLNC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

BEPC has limited trading history. Below is the Utilities sector ETF (XLU) in its place.

Unique Key	Event	XLU	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-28.1%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	39.0%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	347 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-36.7%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	58.0%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	633 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-16.4%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	19.6%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	308 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-48.8%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	95.2%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	2058 days	1480 days

Compare to

In The Past

SPDR Select Sector Fund's stock fell -28.1% during the 2022 Inflation Shock from a high on 9/12/2022. A -28.1% loss requires a 39.0% gain to breakeven.

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About Brookfield Renewable (BEPC)

Brookfield Renewable Corporation owns and operates a portfolio of renewable energy power generating facilities primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, and solar power plants with an installed capacity of approximately 12,723 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.

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Here are 1-3 brief analogies to describe Brookfield Renewable (BEPC):

Like NextEra Energy, but entirely focused on owning and operating renewable power plants worldwide.
The American Tower of global renewable energy infrastructure.

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Brookfield Renewable (BEPC) primarily provides services related to the generation and distribution of renewable energy across various technologies.

Hydroelectric Power Generation: Produces clean electricity by harnessing the energy of flowing water.
Wind Power Generation: Generates electricity using wind turbines that convert wind energy into power.
Solar Power Generation: Creates electricity from sunlight through photovoltaic panels and large-scale solar farms.
Distributed Generation & Storage: Provides localized energy solutions including rooftop solar and battery storage systems.
Sustainable Solutions: Offers emerging renewable energy technologies and integrated energy management services for commercial and industrial clients.

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Brookfield Renewable (BEPC) Major Customers

Brookfield Renewable (BEPC) primarily sells its generated electricity to other companies, rather than directly to individuals. Due to the highly diversified nature of its portfolio across numerous assets globally and commercial confidentiality clauses within Power Purchase Agreements (PPAs), Brookfield Renewable does not publicly disclose a comprehensive list of its individual "major" customers by name. Their revenue is spread across thousands of PPAs.

However, an example of a publicly known corporate customer for renewable energy supply is:

Microsoft Corporation (Symbol: MSFT) - Brookfield Renewable has entered into various agreements, including corporate PPAs, to supply renewable energy to Microsoft's operations in certain regions.

More broadly, Brookfield Renewable categorizes its customer base into the following types of companies:

Utilities and Grid Operators: These include public power authorities, load-serving entities, and distribution companies (e.g., various electric utilities) that purchase electricity to supply their own customer bases (residential, commercial, industrial). These entities are often investment-grade rated and represent a significant portion of BEPC's contracted revenue.
Corporate Offtakers: Large corporations, often those in the technology, manufacturing, and retail sectors, that directly contract for renewable power through PPAs to meet their sustainability goals, reduce carbon footprints, and secure stable energy costs.
Industrial and Commercial Customers: Direct sales to large industrial facilities or significant commercial enterprises that have high energy consumption requirements and seek direct procurement of renewable energy.

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Connor Teskey, Chief Executive Officer

Connor Teskey has served as the CEO of Brookfield Renewable since October 2020. He is also the President of Brookfield Asset Management and the head of Brookfield's Renewable Power & Transition business. Teskey joined Brookfield in 2012, initially in the Private Equity Group, and previously held the role of Chief Investment Officer for Brookfield Renewable, where he was instrumental in developing and implementing the business' growth strategy. He spearheaded Brookfield's acquisition of Oaktree Capital Group in 2019 and launched the Brookfield Global Transition Fund in 2021.

Wyatt Hartley, Chief Financial Officer

Wyatt Hartley is the Chief Financial Officer and a Managing Partner of Renewable Power & Transition at Brookfield Renewable. He also serves as Co-President of Brookfield Renewable Partners and Head of North American Asset Management of Brookfield's Renewable Power & Transition Group. Hartley joined Brookfield Asset Management in 2010 and has held several senior finance positions, including Chief Financial Officer of Brookfield Infrastructure Group's American operations and Chief Financial Officer of Acadian Timber. He joined Brookfield Renewable in 2017 as Senior Vice President, Finance, and was appointed CFO in 2018. Prior to joining Brookfield, he worked at a "big-four" accounting firm. He was involved in the sale of Saeta Yield to Masdar.

Jeffrey Blidner, Chairman

Jeffrey Blidner has been the Chairman of Brookfield Renewable since 2011. He is also Vice Chair of Brookfield and previously served as Chief Executive Officer of Brookfield's Private Funds. Blidner is a director of Brookfield Asset Management, Brookfield Property Partners, and Brookfield Infrastructure Partners, and Chairman of Brookfield Business Partners. Before joining Brookfield in 2000, he was a senior partner at a Canadian law firm.

Mark Carney, Chairman - Brookfield Asset Management; Head - Transition Investing

Mark Carney is the Chairman of Brookfield Asset Management, Brookfield Renewable's controlling entity, and serves as the Head of Transition Investing. He is also a Vice Chair of Brookfield Renewable. Carney joined Brookfield Asset Management as Vice Chair and Global Head of ESG and Impact Investing. He previously served as the Governor of the Bank of England from 2013 to 2020 and the Governor of the Bank of Canada from 2008 to 2013. His career also includes time at Goldman Sachs and the Canadian Department of Finance.

Kelly Goddard, Chief Sustainability Officer

Kelly Goddard has been the Chief Sustainability Officer of Brookfield Renewable since 2021. Prior to this role, she held various development, operations, and strategy positions, including Senior Vice President of Sustainability at BP.

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Brookfield Renewable (BEPC) operates in several key segments within the renewable energy market, including hydroelectric, wind, solar, and energy storage, as well as distributed energy and sustainable solutions. The addressable markets for these main products and services are substantial globally and across various regions.

Hydroelectric Power: The global hydropower market size was estimated at approximately USD 257.1 billion in 2024 and is projected to reach USD 280.20 billion by 2030. Other estimates place the global market at USD 109.05 billion in 2024, growing to USD 184.43 billion by 2032, or USD 265.69 billion in 2024, reaching USD 422.27 billion by 2035. The North American hydropower market share was valued at USD 68.15 billion in 2023. Asia Pacific held the largest share of the hydropower market in 2024, and its market size was valued at USD 64.07 billion in 2024, projected to reach USD 191.55 billion by 2030.
Wind Energy: The global wind energy market size was valued at USD 174.5 billion in 2024 and is expected to grow by over 11.1% from 2025 to 2034. Other estimates indicate the global wind power market size was USD 97.05 billion in 2024, projected to reach USD 141.09 billion by 2030, or USD 115.3 billion in 2024, growing to USD 361.2 billion by 2035. The U.S. wind energy market was valued at USD 17.2 billion in 2024, and the North American wind energy industry is anticipated to exceed USD 52 billion by 2034. Europe's wind power market is expected to surpass USD 192 billion by 2034. In 2024, Asia Pacific dominated the wind power market, holding over 40.71% of the revenue share and 53.9% of global capacity.
Solar Energy: The global solar power market size was valued at USD 273 billion in 2024 and is projected to reach USD 436.36 billion by 2032. Another report states the global solar energy market size was USD 121.99 billion in 2024, expected to surpass USD 389.86 billion by 2034. North America held a significant share of 41.30% of the solar power industry in 2023, with the U.S. market projected to reach USD 103.96 billion by 2032. Asia Pacific led the global solar energy market with more than 36% market share in 2024, with its market size at USD 43.92 billion in 2024 and predicted to reach USD 142.3 billion by 2034.
Energy Storage: The global stationary energy storage market size was valued at USD 90.36 billion in 2024 and is projected to reach USD 231.06 billion by 2032. The global energy storage system market is estimated at USD 50.3 billion in 2024, with sales projected to reach USD 87.6 billion by 2034. Another source values the global energy storage market at USD 58.9 billion in 2024, reaching USD 204.8 billion by 2033. The U.S. energy storage market is projected to grow from USD 21.9 billion in 2024 to USD 70.7 billion by 2033. Asia Pacific dominated the stationary energy storage industry with a market share of 54.42% in 2023. The market valuation for Asia Pacific was USD 48.74 billion in 2024.
Distributed Energy Generation: The global distributed energy generation market size was valued at USD 476.18 billion in 2024 and is projected to reach USD 713.90 billion by 2030. Other estimates for the global distributed energy generation market size include USD 337.4 billion in 2024, surpassing USD 1,176.09 billion by 2034, and approximately USD 305.7 billion in 2024, reaching USD 791.3 billion by 2034. North America held the largest share of the Distributed Energy Generation Market in 2024, with approximately 37% of the global revenue. Europe accounted for around 30% of the worldwide revenue market in 2024. Asia Pacific held the largest share of 34.32% in the global distributed energy generation market in 2024.

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Brookfield Renewable (symbol: BEPC) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market trends:

Inflation-Linked Contracts and Higher Re-contracting Prices: A substantial portion, approximately 70%, of Brookfield Renewable's revenues are derived from long-term power purchase agreements (PPAs) that are indexed to inflation, providing a steady and organic increase in revenue annually. Additionally, as legacy PPAs expire, the company is able to re-contract its power, particularly from hydro assets, at significantly higher market prices due to increased demand, further boosting revenue.
Expansion of Development Pipeline and New Project Commissioning: Brookfield Renewable has a robust development pipeline, estimated to be between 157 GW and 200 GW, encompassing wind, solar, and energy storage facilities globally. The company aims to significantly increase its annual commissioning of new projects, targeting 10 GW annually by around 2027, which will directly expand its operational capacity and generate increased revenue.
Growth in the Nuclear Power Segment and Strategic Partnerships: The company is strategically expanding its nuclear power segment, which is projected to grow from its current 5% of Funds from Operations (FFO). A key driver in this area is a transformational partnership with the U.S. Government to accelerate the deployment of Westinghouse's reactor technology, involving an $80 billion investment in new reactors, which is anticipated to drive substantial growth in this segment.
Increasing Global Demand for Clean Energy and Electrification: The accelerating global demand for electricity, fueled by trends such as electrification and the significant energy requirements of AI data centers, creates a highly favorable market environment for Brookfield Renewable's diverse clean energy portfolio. This rising demand ensures strong opportunities for securing new contracts and expanding market share.
Accretive Mergers & Acquisitions (M&A) and Asset Recycling Program: Brookfield Renewable actively pursues accretive M&A opportunities to enhance its growth rate. Complementing this is an asset recycling program where the company sells mature, de-risked assets to reinvest the proceeds into new, higher-return developments. This strategy allows for continuous portfolio optimization and the funding of new growth initiatives.

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Share Repurchases

Brookfield Renewable announced the renewal of its normal course issuer bids in December 2020, authorizing the repurchase of up to 8,609,220 Class A exchangeable subordinate voting shares (BEPC) through December 15, 2021.
In December 2024, Brookfield Renewable again announced the renewal of its normal course issuer bids, authorizing the repurchase of up to 8,982,042 Exchangeable Shares (BEPC), representing 5% of its issued and outstanding shares, with the program running from December 18, 2024, to December 17, 2025.

Share Issuance

Brookfield Renewable Corporation (BEPC) was created in 2020 through a special distribution of Class A exchangeable subordinate voting shares to unitholders of Brookfield Renewable Partners L.P. (BEP) at a ratio of one BEPC share for every four BEP units held.
The creation of BEPC aimed to provide investors with greater flexibility to access Brookfield Renewable's portfolio through a traditional corporate structure, offering equivalent economic exposure and identical distributions to BEP units.
In June 2025, Brookfield Renewable announced the issuance of C$250 million Fixed-to-Fixed Reset Rate Subordinated Hybrid Notes due September 10, 2055, marking its seventeenth green-labeled corporate securities issuance in North America.

Inbound Investments

In May 2024, Brookfield Renewable announced a significant cooperation with Microsoft to develop and deliver over 10.5 gigawatts of renewable energy, including new wind and solar projects in the US and Europe.
In October 2025, Brookfield Renewable, in partnership with Cameco, entered into a transformational partnership with the U.S. Government to deploy nuclear power, which includes a planned investment of at least $80 billion by the U.S. Government to construct new Westinghouse nuclear power reactors.
In August 2025, Brookfield Renewable signed a first-of-its-kind agreement with Google to deliver up to 3,000 megawatts of hydropower in the U.S.

Outbound Investments

In 2024, Brookfield Renewable deployed or committed to deploy $12.5 billion ($1.8 billion net to Brookfield Renewable) into growth initiatives, including investments in e-fuels maker Infinium, offshore wind farms operated by Ørsted, and taking European renewable energy development company Neoen private.
As of November 2025, Brookfield Renewable committed or deployed up to $2.1 billion (~$1.2 billion net to Brookfield Renewable) across multiple investments, including an incremental investment in Isagen and advancing its battery development strategy.
Since 2020, Brookfield Renewable has generated almost $6 billion in proceeds ($2.3 billion net) from asset monetizations at an average IRR of approximately 22%, which are then redeployed into growth.

Capital Expenditures

Brookfield Renewable committed $12.5 billion of capital into leading renewable platforms in 2024, marking its largest year for investment ever.
The company commissioned approximately 7,000 megawatts of new renewable energy capacity in 2024 and expects to deliver approximately 8,000 megawatts of new projects in 2025. Its development pipeline stands at approximately 200,000 megawatts, with a target to reach a ~10,000-megawatt commissioning run rate per annum by 2027.
Capital expenditures are primarily focused on developing new wind, solar, and energy storage facilities globally, as well as investing in sustainable solutions like carbon capture and agricultural renewable natural gas.

Better Bets than Brookfield Renewable (BEPC)

	BEPC	Better Performance than BEPC
Metric	Value	INDUSTRY: Renewable Electricity
Rev Chg LTM	-10.5%	NXXT (71.3%), FLNC (14.3%), ORA (6.1%), CWEN (0.8%)
Rev Chg 3Y Avg	0.8%	NRGV (87.8%), FLNC (44.1%), ORA (9.5%), CWEN (3.5%)
Op Mgn LTM	23.5%
CFO/Rev LTM	9.3%	CREG (65162.6%), CWEN (51.1%), ORA (41.2%)
FCF/Rev LTM	-19.8%	CREG (64215.1%), CWEN (32.0%), NXXT (-12.3%), STEM (-14.8%), FLNC (-17.4%)
Total Yield	-14.2%	STEM (69.9%), SAFX (61.1%), CWEN (18.8%), ORA (2.8%), FLNC (-2.1%)
P/S	1.6	FLNC (0.4), STEM (0.9), SUUN (1.3)
P/Op Inc	7.0

	BEPC	Better Performance than BEPC
Metric	Value	SECTOR: Utilities
Rev Chg LTM	-10.5%	SO (9.4%), AEP (8.4%), DUK (4.8%), CEG (3.6%), NEE (0.2%)
Rev Chg 3Y Avg	0.8%	NEE (11.4%), DUK (5.2%), AEP (4.2%), CEG (3.7%), SO (1.3%)
Op Mgn LTM	23.5%	D (29.7%), NEE (28.2%), DUK (27.1%), SO (25.7%), AEP (24.9%)
CFO/Rev LTM	9.3%	NEE (45.5%), DUK (38.1%), SO (32.4%), AEP (32.3%), CEG (9.7%)
FCF/Rev LTM	-19.8%	NEE (11.7%), CEG (-1.1%), DUK (-2.9%), SO (-6.3%), AEP (-8.2%)
Total Yield	-14.2%	AEP (9.4%), SO (7.1%), NEE (7.1%), DUK (6.0%), CEG (3.1%)
P/S	1.6	AES (0.8), NRG (1.0), UGI (1.1), EIX (1.2), PCG (1.3)
P/Op Inc	7.0	BIPC (2.2), EIX (4.1), AES (5.2)

	BEPC	Better Performance than BEPC
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-10.5%	NVDA (71.6%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	0.8%	NVDA (92.0%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	23.5%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	9.3%	MSFT (50.0%), NVDA (46.6%), GOOGL (39.3%), AAPL (26.6%), AMZN (18.1%)
FCF/Rev LTM	-19.8%	NVDA (43.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%), AMZN (2.0%)
Total Yield	-14.2%	GOOGL (4.6%), MSFT (3.4%), AMZN (3.0%), AAPL (3.0%), NVDA (2.3%)
P/S	1.6	UNH (0.7), WMT (1.1), XOM (1.4), COST (1.5), CVX (1.6)
P/Op Inc	7.0	CMCSA (5.2), VZ (5.9), DAL (6.1), SU (6.4), B (6.7)

		Best Bets In Utilities Sector
	BEPC
What You Pay
P/E	-7.0
P/EBIT	5.0
What You Get
Rev Chg Q	-10.6%
Rev Chg LTM	-10.5%
Rev Chg 3Y Avg	0.8%
FCF/Rev 3Y Avg	0.6%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 9.3%, alpha of -0.5%, and sharpe of 0.48

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Is Brookfield Renewable Stock Built to Withstand More Downside?	Return
2	Better Bet Than BEPC Stock: Pay Less Than Brookfield Renewable To Get More From UAL, IBKR
3	Better Bet Than BEPC Stock: Pay Less Than Brookfield Renewable To Get More From BIPC
4	Why Brookfield Renewable Stock Moved: BEPC Stock Has Gained 59% Since 2024 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
5	Brookfield Renewable (BEPC) Valuation Ratios Comparison	Financials
6	Now Is Not The Time To Buy Brookfield Renewable Stock	Buy or Fear
7	Brookfield Renewable (BEPC) Operating Cash Flow Comparison	Financials
8	Brookfield Renewable (BEPC) Net Income Comparison	Financials
9	Brookfield Renewable (BEPC) Operating Income Comparison	Financials
10	Brookfield Renewable (BEPC) Revenue Comparison	Financials

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to BEPC. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
PEG_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	PEG	Public Service Enterprise	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-0.7%	-0.7%	-0.7%
PCG_9262025_Dip_Buyer_ValueBuy	09262025	PCG	PG&E	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	2.5%	2.5%	0.0%
AES_9052025_Dip_Buyer_ValueBuy	09052025	AES	AES	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	9.3%	9.3%	-3.2%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
PEG_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	PEG	Public Service Enterprise	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-0.7%	-0.7%	-0.7%
PCG_9262025_Dip_Buyer_ValueBuy	09262025	PCG	PG&E	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	2.5%	2.5%	0.0%
AES_9052025_Dip_Buyer_ValueBuy	09052025	AES	AES	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	9.3%	9.3%	-3.2%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Brookfield Renewable

Peers to compare with:

Financials

	BEPC	ORA	STEM	CWEN	FLNC	Median
Name	Brookfie.	Ormat Te.	Stem	Clearway.	Fluence .
Mkt Price	39.52	111.46	17.24	34.46	19.85	34.46
Mkt Cap	7.1	6.8	0.1	4.1	2.6	4.1
Rev LTM	3,777	944	165	1,375	2,449	1,375
Op Inc LTM	888	179	-94	172	-27	172
FCF LTM	-749	-214	-24	440	-426	-214
FCF 3Y Avg	30	-237	-107	451	-241	-107
CFO LTM	352	389	-16	703	-401	352
CFO 3Y Avg	1,027	342	-94	721	-222	342

Growth & Margins

	BEPC	ORA	STEM	CWEN	FLNC	Median
Name	Brookfie.	Ormat Te.	Stem	Clearway.	Fluence .
Rev Chg LTM	-10.5%	6.1%	-35.6%	0.8%	14.3%	0.8%
Rev Chg 3Y Avg	0.8%	9.5%	-2.0%	3.5%	44.1%	3.5%
Rev Chg Q	-10.6%	17.9%	30.5%	-11.7%	24.7%	17.9%
QoQ Delta Rev Chg LTM	-2.8%	4.2%	5.7%	-4.0%	5.1%	4.2%
Op Mgn LTM	23.5%	19.0%	-57.3%	12.5%	-1.1%	12.5%
Op Mgn 3Y Avg	25.8%	20.5%	-55.1%	17.7%	-3.8%	17.7%
QoQ Delta Op Mgn LTM	-1.2%	-0.3%	20.9%	-3.9%	0.0%	-0.3%
CFO/Rev LTM	9.3%	41.2%	-9.7%	51.1%	-16.4%	9.3%
CFO/Rev 3Y Avg	25.8%	38.7%	-24.4%	53.1%	-10.0%	25.8%
FCF/Rev LTM	-19.8%	-22.6%	-14.8%	32.0%	-17.4%	-17.4%
FCF/Rev 3Y Avg	0.6%	-27.8%	-29.1%	33.2%	-10.9%	-10.9%

Valuation

	BEPC	ORA	STEM	CWEN	FLNC	Median
Name	Brookfie.	Ormat Te.	Stem	Clearway.	Fluence .
Mkt Cap	7.1	6.8	0.1	4.1	2.6	4.1
P/S	1.6	6.2	0.9	2.4	0.4	1.6
P/EBIT	5.0	23.1	1.2	15.6	-32.3	5.0
P/E	-7.0	43.8	1.4	12.1	-47.6	1.4
P/CFO	17.6	15.0	-9.1	4.7	-2.2	4.7
Total Yield	-14.2%	2.8%	69.9%	18.8%	-2.1%	2.8%
Dividend Yield	0.0%	0.5%	0.0%	10.5%	0.0%	0.0%
FCF Yield 3Y Avg	-	-5.0%	-714.2%	15.0%	-18.9%	-12.0%
D/E	5.8	0.5	2.2	2.8	0.4	2.2
Net D/E	5.5	0.5	1.9	2.7	-0.1	1.9

Returns

	BEPC	ORA	STEM	CWEN	FLNC	Median
Name	Brookfie.	Ormat Te.	Stem	Clearway.	Fluence .
1M Rtn	-9.4%	3.5%	-9.2%	7.4%	-4.6%	-4.6%
3M Rtn	21.0%	22.4%	19.0%	21.7%	194.1%	21.7%
6M Rtn	36.7%	50.6%	57.9%	18.5%	309.3%	50.6%
12M Rtn	-	40.9%	129.5%	28.8%	8.3%	34.8%
3Y Rtn	-	24.8%	-92.6%	17.8%	17.3%	17.6%
1M Excs Rtn	-9.3%	3.5%	-9.2%	7.4%	-4.6%	-4.6%
3M Excs Rtn	13.3%	16.3%	15.8%	16.3%	188.7%	16.3%
6M Excs Rtn	22.0%	35.9%	43.2%	3.8%	294.6%	35.9%
12M Excs Rtn	-	23.8%	106.2%	12.0%	-8.0%	17.9%
3Y Excs Rtn	-	-44.7%	-166.2%	-56.0%	-52.0%	-54.0%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/5/2025	2/28/2025	3/1/2024	3/1/2023	3/1/2022	2/26/2021	6/30/2020
Key Financials
Total Revenue	3,777	4,142	3,967	3,778	3,367	3,087	3,226
EBITDA	2,468	3,529	2,992	4,189	3,047	-1,003	1,963
Operating Income	888	1,007	1,060	1,246	877	801	1,081
Net Income	-877	236	-181	1,503	946	-2,738	165
EPS	-4.88	1.31	-1.01	8.73	5.49	-15.90	0.54
Growth Rates
Total Revenue Growth	-10.5%	4.4%	5.0%	12.2%	9.1%	-4.3%	8.3%
EBITDA Growth	41.1%	17.9%	-28.6%	37.5%	403.8%	-151.1%	9.2%
Operating Income Growth	-12.1%	-5.0%	-14.9%	42.1%	9.5%	-25.9%	8.9%
Net Income Growth	31.1%	230.4%	-112.0%	58.9%	134.6%	-1759.4%	129.2%
Margins
EBITDA Margin	65.3%	85.2%	75.4%	110.9%	90.5%	-32.5%	60.8%
Operating Income Margin	23.5%	24.3%	26.7%	33.0%	26.0%	25.9%	33.5%
Net Income Margin	-23.2%	5.7%	-4.6%	39.8%	28.1%	-88.7%	5.1%
Cash & Debt
Total Cash	1,935	392	441	435	410	355	304
Total Debt	35,925	14,093	16,573	14,079	13,883	13,214	12,303
Net Debt / (Cash)	33,990	13,701	16,132	13,644	13,473	12,859	11,999
Cash Flows
Net Cash from Operations	352	549	1,603	1,284	395	992	1,356
Free Cash from Operations	-749	-400	575	437	-959	619	950
Returns to Shareholders
Dividends	5	-0	-0	78	-0	235	628
Share Repurchases	-0	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/5/2025	8/1/2025	5/2/2025	2/28/2025	11/12/2024	8/5/2024	5/3/2024	3/1/2024	11/6/2023	8/4/2023	5/8/2023	3/1/2023
Key Financials Quarterly
Total Revenue	931	952	907	987	1,041	989	1,125	1,066	934	901	1,066	956
Ebitda	477	-704	722	1,973	4	320	1,232	193	2,024	1,020	-245	1,677
Operating Income	222	254	209	203	293	236	275	206	200	234	420	306
Net Income	-233	-1,410	5	761	-674	-342	491	-747	1,340	291	-1,065	953
EPS	-1.30	-7.85	0.03	4.24	-3.75	-1.90	2.73	-4.16	7.46	1.62	-6.18	5.53
Key Financials TTM
Total Revenue TTM	3,777	3,887	3,924	4,142	4,221	4,114	4,026	3,967	3,857	3,819	3,915	3,778
Ebitda TTM	2,468	1,995	3,019	3,529	1,749	3,769	4,469	2,992	4,476	3,536	4,264	4,189
Operating Income TTM	888	959	941	1,007	1,010	917	915	1,060	1,160	1,238	1,376	1,246
Net Income TTM	-877	-1,318	-250	236	-1,272	742	1,375	-181	1,519	659	1,414	1,503
Growth Rates Quarterly
Total Revenue Growth	-10.6%	-3.7%	-19.4%	-7.4%	11.5%	9.8%	5.5%	11.5%	4.2%	-9.6%	14.7%	5.6%
EBITDA Growth	11825.0%	-320.0%	-41.4%	922.3%	-99.8%	-68.6%	602.9%	-88.5%	86.7%	-41.6%	23.4%	172.7%
Operating Income Growth	-24.2%	7.6%	-24.0%	-1.5%	46.5%	0.9%	-34.5%	-32.7%	-28.1%	-37.1%	44.8%	29.1%
Net Income Growth	65.4%	-312.3%	-99.0%	201.9%	-150.3%	-217.5%	146.1%	-178.4%	179.2%	-72.2%	-9.1%	633.1%
Margins Quarterly
EBITDA Margin	51.2%	-73.9%	79.6%	199.9%	0.4%	32.4%	109.5%	18.1%	216.7%	113.2%	-23.0%	175.4%
Operating Income Margin	23.8%	26.7%	23.0%	20.6%	28.1%	23.9%	24.4%	19.3%	21.4%	26.0%	39.4%	32.0%
Net Income Margin	-25.0%	-148.1%	0.6%	77.1%	-64.7%	-34.6%	43.6%	-70.1%	143.5%	32.3%	-99.9%	99.7%
Cash & Debt
Total Cash	1,935	523	483	392	495	389	513	441	328	343	450	435
Total Debt	35,925	14,389	14,138	14,093	13,797	14,200	14,519	16,573	13,795	13,796	13,951	14,079
Net Debt / (Cash)	33,990	13,866	13,655	13,701	13,302	13,811	14,006	16,132	13,467	13,453	13,501	13,644
Cash Flows Quarterly
FCF from Operations	259	139	110	-156	308	140	257	471	288	253	592	419
Cash Flows TTM
FCF from Operations TTM	352	401	402	549	1,176	1,156	1,269	1,604	1,552	1,554	1,624	1,284
Returns to Shareholders Quarterly
Dividends	0	5	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	2.5%	7.3%	5.5%	4.9%	6.4%	4.9%	5.1%	3.5%	3.9%	4.7%	9.1%	6.3%
Return on Invested Capital (ROIC) TTM
ROIC TTM	2.6%	6.9%	6.2%	4.8%	5.6%	4.6%	4.4%	3.9%	5.5%	6.0%	6.9%	6.0%

Segment Financials

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
Attributable to non-controlling interests and other	26,392	23,368	22,327	21,820	23,459
Hydroelectric	15,899	15,604	15,108	12,414	11,197
Wind	2,986	1,595	1,700	2,329	672
Utility-scale Solar	2,604	1,447	1,731	1,867
Distributed energy & sustainable solutions	1,370	1,138		1,207	633
Corporate	392	307	17	9	0
Contribution from equity-accounted investments	-222	-171	-176	-173	-204
Distributed generation, storage & other			1,279
Total	49,421	43,288	41,986	39,473	35,757

Price Behavior

Price Behavior

Market Price	$39.52
Market Cap ($ Bil)	7.1
First Trading Date	07/24/2020
Distance from 52W High	-10.2%
	50 Days	200 Days
DMA Price	$33.16	$33.16
DMA Trend	up	up
Distance from DMA	19.2%	19.2%
	3M	1YR
Volatility	31.9%	34.9%
Downside Capture	64.89	59.40
Upside Capture	135.25	89.77
Correlation (SPY)	27.2%

BEPC Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	-0.31	0.56	0.67	1.00	0.09	-0.04
Up Beta	-0.02	0.41	0.68	0.85	-0.14	0.05
Down Beta	0.82	0.02	-0.01	0.66	-0.10	-0.32
Up Capture	-79%	148%	142%	156%	81%	9%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	7	20	31	66	123	123
Down Capture	-40%	37%	63%	93%	64%	42%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	12	21	31	59	105	105

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

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Based On 5-Year Data

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Based On 10-Year Data

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Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	5,270,367
Short Interest: % Change Since 10312025	24.0%
Average Daily Volume	1,382,139
Days-to-Cover Short Interest	3.81
Basic Shares Quantity	179,605,290
Short % of Basic Shares	2.9%

Returns Analyses

	Title
0	Is Brookfield Renewable Stock Built to Withstand More Downside?

SEC Filings

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Report Date	Filing Date	Filing
9302025	11052025	6-K 9/30/2025
6302025	8012025	6-K 6/30/2025
3312025	5022025	6-K 3/31/2025
12312024	2282025	20-F 12/31/2024
9302024	11122024	6-K 9/30/2024
6302024	8052024	6-K 6/30/2024
3312024	5032024	6-K 3/31/2024
12312023	3012024	20-F 12/31/2023
9302023	11062023	6-K 9/30/2023
6302023	8042023	6-K 6/30/2023
3312023	5082023	6-K 3/31/2023
12312022	3012023	20-F 12/31/2022
9302022	11042022	6-K 9/30/2022
6302022	8052022	6-K 6/30/2022
3312022	5062022	6-K 3/31/2022
12312021	3012022	20-F 12/31/2021

Industry Resources

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Brookfield Renewable (BEPC)

Market Price (12/4/2025): $39.515 | Market Cap: $7.1 BilSector: Utilities | Industry: Renewable Electricity

Brookfield Renewable (BEPC)

Market Price (12/4/2025): $39.515Market Cap: $7.1 BilSector: UtilitiesIndustry: Renewable Electricity

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Market Price (12/4/2025): $39.515 | Market Cap: $7.1 Bil
Sector: Utilities | Industry: Renewable Electricity

Market Price (12/4/2025): $39.515
Market Cap: $7.1 Bil
Sector: Utilities
Industry: Renewable Electricity