Brookfield Renewable (BEPC)
Market Price (9/2/2026): $31.59 | Market Cap: $5.8 BilSector: Utilities | Industry: Renewable Electricity
Brookfield Renewable (BEPC)
Market Price (9/2/2026): $31.59Market Cap: $5.8 BilSector: UtilitiesIndustry: Renewable Electricity
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15% Low stock price volatilityVol 12M is 34% Megatrend and thematic driversMegatrends include Renewable Energy Transition. Themes include Solar Energy Generation, Wind Energy Development, and Battery Storage & Grid Modernization. | Weak multi-year price returns2Y Excs Rtn is -14%, 3Y Excs Rtn is -51% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 255% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.2% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -13% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -72% Key risksBEPC key risks include [1] its high debt load and vulnerability to interest rate changes, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Low stock price volatilityVol 12M is 34% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition. Themes include Solar Energy Generation, Wind Energy Development, and Battery Storage & Grid Modernization. |
| Weak multi-year price returns2Y Excs Rtn is -14%, 3Y Excs Rtn is -51% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 255% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.2% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -13% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -72% |
| Key risksBEPC key risks include [1] its high debt load and vulnerability to interest rate changes, Show more. |
Qualitative Assessment
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Brookfield Renewable (BEPC) stock has lost about 20% since 5/31/2026 because of the following key factors:
1. Brookfield Renewable reported a significant net loss in fiscal Q2 2026, largely influenced by non-cash charges and a substantial revenue miss. The company recorded a net loss of $785 million in fiscal Q2 2026, which was primarily driven by non-cash remeasurement charges related to interests in BRHC and exchangeable shares. Furthermore, Brookfield Renewable Corporation's (BEPC) reported revenue of $1.076 billion for fiscal Q2 2026 fell short of some analyst estimates of $2.437 billion by 55.8%.
2. Shareholder dilution occurred due to the issuance of new equity through an at-the-market program. During the first half of fiscal 2026, Brookfield Renewable raised $237 million by issuing BEPC exchangeable shares via an at-the-market equity program. This increase in the number of outstanding shares diluted the ownership percentage of existing shareholders.
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Brookfield Renewable (BEPC) stock has lost about 20% since 5/31/2026 because of the following key factors:
1. Brookfield Renewable reported a significant net loss in fiscal Q2 2026, largely influenced by non-cash charges and a substantial revenue miss. The company recorded a net loss of $785 million in fiscal Q2 2026, which was primarily driven by non-cash remeasurement charges related to interests in BRHC and exchangeable shares. Furthermore, Brookfield Renewable Corporation's (BEPC) reported revenue of $1.076 billion for fiscal Q2 2026 fell short of some analyst estimates of $2.437 billion by 55.8%.
2. Shareholder dilution occurred due to the issuance of new equity through an at-the-market program. During the first half of fiscal 2026, Brookfield Renewable raised $237 million by issuing BEPC exchangeable shares via an at-the-market equity program. This increase in the number of outstanding shares diluted the ownership percentage of existing shareholders.
3. Concerns regarding dividend sustainability and overall financial quality weighed on investor sentiment. Despite declaring a quarterly dividend of $0.392 per share, Brookfield Renewable's reported negative dividend payout ratio of -866.7% in fiscal Q2 2026 indicates that the company cannot currently cover its dividend payments with earnings alone. This situation, along with high leverage, negative equity, and earnings volatility, contributes to a perception of weak financial quality by analysts.
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Stock Movement Drivers
Fundamental Drivers
The -19.9% change in BEPC stock from 5/31/2026 to 9/1/2026 was primarily driven by a -22.5% change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9012026 | Change |
|---|---|---|---|
| Stock Price ($) | 39.49 | 31.64 | -19.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,704 | 3,828 | 3.3% |
| P/S Multiple | 1.9 | 1.5 | -22.5% |
| Shares Outstanding (Mil) | 182 | 182 | 0.0% |
| Cumulative Contribution | -19.9% |
Market Drivers
5/31/2026 to 9/1/2026| Return | Correlation | |
|---|---|---|
| BEPC | -19.9% | |
| Market (SPY) | 0.7% | 28.8% |
| Sector (XLU) | -4.2% | 3.5% |
Fundamental Drivers
The -24.3% change in BEPC stock from 2/28/2026 to 9/1/2026 was primarily driven by a -25.1% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9012026 | Change |
|---|---|---|---|
| Stock Price ($) | 41.80 | 31.64 | -24.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,728 | 3,828 | 2.7% |
| P/S Multiple | 2.0 | 1.5 | -25.1% |
| Shares Outstanding (Mil) | 180 | 182 | -1.5% |
| Cumulative Contribution | -24.3% |
Market Drivers
2/28/2026 to 9/1/2026| Return | Correlation | |
|---|---|---|
| BEPC | -24.3% | |
| Market (SPY) | 11.4% | 37.4% |
| Sector (XLU) | -10.2% | 27.4% |
Fundamental Drivers
The -2.3% change in BEPC stock from 8/31/2025 to 9/1/2026 was primarily driven by a -1.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 8312025 | 9012026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.37 | 31.64 | -2.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,887 | 3,828 | -1.5% |
| P/S Multiple | 1.5 | 1.5 | 0.8% |
| Shares Outstanding (Mil) | 180 | 182 | -1.5% |
| Cumulative Contribution | -2.3% |
Market Drivers
8/31/2025 to 9/1/2026| Return | Correlation | |
|---|---|---|
| BEPC | -2.3% | |
| Market (SPY) | 19.1% | 34.2% |
| Sector (XLU) | 3.1% | 28.0% |
Fundamental Drivers
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Market Drivers
8/31/2023 to 9/1/2026| Return | Correlation | |
|---|---|---|
| BEPC | ||
| Market (SPY) | 75.1% | 40.3% |
| Sector (XLU) | 47.0% | 36.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BEPC Return | - | - | - | -1% | 45% | -14% | 24% |
| Peers Return | -9% | -22% | -34% | -32% | 66% | -43% | -70% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| BEPC Win Rate | - | - | - | 0% | 67% | 38% | |
| Peers Win Rate | 42% | 50% | 46% | 31% | 62% | 35% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BEPC Max Drawdown | - | - | - | - | -17% | -26% | |
| Peers Max Drawdown | -58% | -44% | -57% | -57% | -42% | -53% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ORA, STEM, BESS, FRVO, BEPC.
[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] 2026 data is for the year up to 9/1/2026 (YTD)
How Low Can It Go
| Event | BEPC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -13.9% | -18.8% |
| % Gain to Breakeven | 16.2% | 23.1% |
| Time to Breakeven | 20 days | 79 days |
In The Past
Brookfield Renewable's stock fell -13.9% during the 2025 US Tariff Shock. Such a loss loss requires a 16.2% gain to breakeven.
Preserve Wealth
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Asset Allocation
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In The Past
Brookfield Renewable's stock fell -13.9% during the 2025 US Tariff Shock. Such a loss loss requires a 16.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Brookfield Renewable (BEPC)
Brookfield Renewable Corporation (BEPC) is a public company focused on the ownership and operation of a substantial portfolio of renewable energy power generating facilities. Its core business revolves around producing electricity from sustainable sources.
The company's main offering is clean electricity, which it generates primarily through three key technologies: hydroelectric, wind, and solar power plants. With an extensive installed capacity of approximately 12,723 megawatts, Brookfield Renewable leverages these diverse assets to deliver large-scale power production.
Brookfield Renewable serves energy markets and customers that require reliable, renewable electricity across several significant regions. Its primary markets include the United States, Europe, Colombia, and Brazil, where it provides power to utilities, corporations, and other energy consumers.
```AI Analysis | Feedback
Here are 1-3 brief analogies to describe Brookfield Renewable (BEPC):
- Like a Real Estate Investment Trust (REIT) for renewable energy power plants.
- A global electricity provider that generates power exclusively from hydroelectric, wind, and solar sources.
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- Hydroelectric Power Generation: The company generates electricity through the operation of hydroelectric power plants.
- Wind Power Generation: The company generates electricity through the operation of wind power plants.
- Solar Power Generation: The company generates electricity through the operation of solar power plants.
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Brookfield Renewable (symbol: BEPC) primarily sells the electricity generated from its hydroelectric, wind, and solar power plants to other companies rather than directly to individuals. Its customer base is diversified across various entities that require large-scale, reliable energy supply, often under long-term Power Purchase Agreements (PPAs).
The major categories of customers for Brookfield Renewable include:
- Electric Utilities: These are the traditional buyers of electricity, which then distribute and sell it to residential, commercial, and industrial end-users. Utilities represent a significant portion of Brookfield Renewable's off-take agreements across its global operations.
- Corporate Off-takers: Large corporations, including technology companies, industrial entities, and commercial businesses, increasingly seek to procure renewable energy directly to power their operations, meet sustainability goals, and manage energy costs.
- Government and Public Sector Entities: Municipalities, government agencies, and other public institutions may also enter into PPAs to secure their energy supply from renewable sources.
While Brookfield Renewable maintains a broad and diversified customer portfolio, prominent examples of public companies that have entered into significant Power Purchase Agreements (PPAs) for renewable energy with Brookfield Renewable (or its affiliates) include:
- Microsoft (MSFT)
- Amazon (AMZN)
These technology giants are examples of the type of large corporate customers that contract with Brookfield Renewable for their substantial renewable energy needs across various projects and geographies.
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- Siemens Energy AG (ETR: ENR)
- Vestas Wind Systems A/S (CPH: VWS)
- General Electric Company (NYSE: GE)
- Nordex SE (ETR: NDX1)
- JinkoSolar Holding Co., Ltd. (NYSE: JKS)
- Trina Solar Co. Ltd. (SSE: 688599)
- LONGi Green Energy Technology Co., Ltd. (SSE: 601012)
- Canadian Solar Inc. (NASDAQ: CSIQ)
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Connor Teskey, Chief Executive Officer
Connor Teskey joined Brookfield in 2012. Prior to joining Brookfield, he worked in corporate debt origination at a major Canadian financial institution. He became CEO of Brookfield Renewable Partners in 2020. In February 2026, he was appointed CEO of Brookfield Asset Management Ltd., and also serves as President of Brookfield Asset Management and CEO of its Renewable Power & Transition business. Teskey spearheaded Brookfield's 2019 acquisition of Oaktree Capital Group. He also launched the $15 billion Brookfield Global Transition Fund in 2021, which is dedicated to net-zero decarbonization.
Wyatt Hartley, Chief Financial Officer, Co-President
Wyatt Hartley joined Brookfield in 2010. Before joining Brookfield, he worked at a "big-four" accounting firm where he qualified as a Chartered Professional Accountant. He held several senior finance positions within Brookfield, including Chief Financial Officer of Brookfield Infrastructure Group's American operations and CFO of Acadian Timber Corp. Hartley was appointed CFO of Brookfield Renewable in 2017. He is also a Managing Partner and Head of North American Asset Management of Brookfield's Energy Group, and Co-President of Brookfield Renewable Partners.
Jennifer Mazin, Co-President, General Counsel
Jennifer Mazin joined Brookfield in 2014. Before joining Brookfield, she was Assistant General Counsel at a global mining company. She also worked at a New York-based law firm, where her focus included corporate finance, mergers and acquisitions, and corporate governance. As Co-President of Brookfield Renewable Partners and General Counsel in Brookfield's Energy Group, she is responsible for transaction execution and public company matters.
Mitch Davidson, Managing Partner, Renewable Power & Transition and CEO-Renewable Power (U.S.)
Mitch Davidson joined Brookfield in 2018. He has over 20 years of experience in the power sector. Prior to Brookfield, he held several senior executive positions with energy companies, notably serving as President and CEO of NextEra Energy Resources from 2004 to 2011. He also held executive roles at Duke Energy North America, Entergy-Koch LP, and Entergy Power Marketing Inc. He is a Managing Partner in Brookfield's Energy Group, where he advises leadership teams of portfolio companies in the U.S.
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- High Debt Load and Interest Rate Sensitivity: Brookfield Renewable carries a substantial debt load, making its earnings sensitive to fluctuations in interest rates. Rising interest rates can increase the company's cost of capital, potentially hindering its growth trajectory and impacting project economics.
- Regulatory and Policy Changes: The company operates within a highly regulated industry that is significantly influenced by government policies, subsidies, and environmental regulations. Changes in these areas, such as shifts in renewable energy incentives, permitting delays for new projects, or the imposition of tariffs on solar components, could adversely affect Brookfield Renewable's operations, profitability, and expansion plans.
- Supply Chain Vulnerabilities: Brookfield Renewable, like other companies in the renewable energy sector, is exposed to the complexities and potential disruptions within its global supply chain. This includes reliance on specific regions for raw materials, exposure to fluctuating prices of key components (like polysilicon, copper, and lithium), and the risk of delays caused by geopolitical instability or natural disasters. Such disruptions can lead to increased costs and project setbacks.
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The clear emerging threat to Brookfield Renewable (BEPC) is the development and increasing viability of **Small Modular Reactors (SMRs)**. SMRs represent a new generation of nuclear fission technology designed to be factory-built, smaller, and more flexible than traditional nuclear power plants. They offer carbon-free, dispatchable, and highly reliable baseload power with a smaller land footprint.
While Brookfield Renewable specializes in intermittent renewables (wind and solar) and hydroelectric power, SMRs could emerge as a significant competitor for future grid capacity and clean energy investment. As SMR designs gain regulatory approval and move towards commercial deployment, their advantages in providing consistent, non-intermittent power could make them a preferred choice for certain grid needs, potentially reducing the overall market share available for new large-scale renewable projects. This competition could impact BEPC's growth opportunities and the pricing power of its future assets by offering an alternative solution to meet clean energy demand.
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Brookfield Renewable (symbol: BEPC) operates in the renewable energy sector, primarily with hydroelectric, wind, and solar power plants across various regions. The addressable market sizes for its main products and services in its key operating regions are detailed below:
Global Addressable Markets
- Renewable Energy: The global renewable energy market size was valued at approximately USD 1,498.05 billion in 2024.
- Hydroelectric Power: The global hydropower generation market size was worth around USD 296.13 billion in 2024.
- Wind Power: The global wind energy market size was valued at USD 174.5 billion in 2024.
- Solar Power: The global solar energy market size was estimated at approximately USD 95.45 billion (USD 95,451.6 million) in 2024.
United States Addressable Markets
- Hydroelectric Power: Unable to size the market in terms of revenue for 2024. The U.S. hydropower market is projected to grow, with significant untapped hydro potential reserves.
- Wind Power: The U.S. wind energy market accounted for USD 17.2 billion in 2024.
- Solar Power: The U.S. solar power market size in 2024 was USD 53.45 billion.
Europe Addressable Markets
- Hydroelectric Power: The Europe hydropower market was valued at USD 50.9 billion in 2023.
- Wind Power: The Europe wind power market was valued at USD 30.60 billion in 2025.
- Solar Power: Unable to size the market in terms of revenue for 2024.
Colombia Addressable Markets
- Hydroelectric Power: Unable to size the market in terms of revenue for 2024. The overall Colombia Power Market is valued at USD 13 billion, with hydropower being a significant component.
- Wind Power: Unable to size the market in terms of revenue for 2024. The overall Colombia Power Market is valued at USD 13 billion, with significant investments in wind power.
- Solar Power: The solar energy systems market in Colombia is expected to reach a projected revenue of US$ 0.5 billion by 2030.
Brazil Addressable Markets
- Hydroelectric Power: The Brazil small hydropower market size reached USD 50.16 million in 2024. The broader Brazil hydropower market is projected to reach USD 18.01 billion by 2035.
- Wind Power: Unable to size the market in terms of revenue for 2024. Brazil installed 5.4 GW of new wind capacity in 2024.
- Solar Power: Unable to size the market in terms of revenue for 2024. Brazil installed 18.9 GW of solar power in 2024.
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Brookfield Renewable (BEPC) is poised for future revenue growth over the next 2-3 years, driven by several key factors in the expanding renewable energy market:
- Significant Expansion of Renewable Energy Generating Capacity (Organic Growth): Brookfield Renewable is focused on aggressively growing its operating capacity across hydroelectric, wind, and solar power plants. The company has a substantial development pipeline of over 200 GW and aims to add approximately 10 GW of new capacity annually by 2027. This organic expansion is a core component of its growth strategy, fueled by both strategic acquisitions and internal development efforts.
- Growing Demand for Clean Energy from Corporates and Governments (Electrification & Decarbonization): A major driver for Brookfield Renewable is the accelerating global demand for green energy, particularly from power-hungry data centers supporting cloud computing and AI expansion. The company is capitalizing on this trend by securing long-term power purchase agreements (PPAs) with major technology companies like Microsoft and Google, which are actively pursuing decarbonization initiatives.
- Rapid Scaling of Battery Storage Solutions: Brookfield Renewable is making a substantial push into battery storage, planning to quadruple its installed battery capacity to more than 10 GW within the next three years. This expansion is crucial for integrating intermittent renewable power sources and enhancing grid stability, meeting a critical need in the evolving energy landscape.
- Benefiting from Inflation-Linked Contracts and Higher Re-contracting Prices: A significant portion of Brookfield Renewable's revenue is generated through long-term contracts that include inflation escalators, providing a built-in mechanism for revenue growth. Additionally, as older power purchase agreements expire, the company is able to re-contract energy at considerably higher prices due to robust demand and a more favorable pricing environment.
- Expansion into Nuclear Energy Solutions with Westinghouse: Brookfield Renewable holds a significant stake in Westinghouse, a leading nuclear energy technology company. This position is expected to drive future revenue growth through a landmark U.S. government agreement to deliver new nuclear reactors using Westinghouse technology, offering multi-decade economic value.
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Share Repurchases
- Brookfield Renewable Corporation (BEPC) is authorized to repurchase up to 7,244,255 Class A exchangeable subordinate voting shares, representing 5% of its issued and outstanding shares, under a normal course issuer bid renewed on December 15, 2025.
- BEPC had not repurchased any Exchangeable Shares under its existing normal course issuer bid in the 12 months prior to December 15, 2025.
- An "at-the-market" (ATM) equity issuance program launched in January 2026 for BEPC shares is intended to fund repurchases of Brookfield Renewable Partners' (BEP) non-voting limited partnership units on a one-for-one basis, aiming to keep the combined number of LP units and BEPC shares broadly unchanged.
Share Issuance
- On January 12, 2026, Brookfield Renewable Corporation launched an at-the-market equity issuance program, enabling it to sell up to $400 million of Class A exchangeable subordinate voting shares directly from treasury into Canadian and U.S. markets.
- The proceeds from the $400 million ATM program are primarily intended to facilitate repurchases of Brookfield Renewable Partners' limited partnership units, with the overall goal of being non-dilutive to Brookfield Renewable by maintaining a stable combined number of LP Units and BEPC Shares outstanding.
Inbound Investments
- In November 2025, Brookfield Corporation purchased US$200 million of Brookfield Renewable Partners (BEP) limited partnership units concurrently with a US$450 million equity offering by BEP, contributing to approximately US$650 million in total proceeds for the broader Brookfield Renewable platform to fund investments and for general corporate purposes.
Outbound Investments
- In 2025, Brookfield Renewable committed or deployed up to $8.8 billion ($1.9 billion net to Brookfield Renewable) across strategic technologies in its core markets via development and acquisitions.
- In 2024, Brookfield Renewable deployed or committed to deploy $12.5 billion ($1.8 billion net to Brookfield Renewable) into growth initiatives, including closing investments in Infinium, Ørsted, and Neoen in December 2024.
- In 2023, Brookfield Renewable deployed or agreed to deploy $9 billion of capital alongside its partners.
Capital Expenditures
- Brookfield Renewable's capital expenditures for the last 12 months (as of February 2026) were -$1.14 billion.
- The company has a target to deploy $7 billion to $8 billion over the next 5 years for capital deployment, which includes capital expenditures for growth and development.
- Brookfield Renewable developed approximately 7,000 megawatts of new capacity in 2024, a significant increase from 3,500 MW in 2022, primarily focused on hydroelectric, wind, and solar power plants.
Peer Outperformance in Renewable Electricity
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Independent Power Producers & Energy Traders | 5 | -2.9% | 123.4% | 173.4% | HNRG 571% · OKLO 291% · NRG 173% |
| Gas Utilities | 10 | 9.0% | 51.0% | 39.0% | ATO 93% · NFG 87% · NJR 70% |
| Multi-Utilities | 18 | 8.1% | 48.0% | 37.5% | MDU 90% · NI 90% · CNP 74% |
| Electric Utilities | 24 | 7.6% | 45.3% | 37.0% | VST 686% · GNE 156% · ETR 126% |
| Water Utilities | 11 | 10.0% | 6.7% | -14.6% | CWCO 160% · ARTNA 7% · AWR 6% |
| Renewable Electricity ← | 5 | -27.7% | -64.6% | -94.2% | ORA 53% · CWEN 29% · AGIG -94% |
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 19.75 |
| Mkt Cap | 3.1 |
| Rev LTM | 148 |
| Op Inc LTM | -5 |
| FCF LTM | -265 |
| FCF 3Y Avg | -122 |
| CFO LTM | 12 |
| CFO 3Y Avg | 175 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.5% |
| Rev Chg 3Y Avg | 0.2% |
| Rev Chg Q | 10.6% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Inc Chg LTM | 8.1% |
| Op Inc Chg 3Y Avg | -1.2% |
| Op Mgn LTM | -27.2% |
| Op Mgn 3Y Avg | 19.7% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 7.9% |
| CFO/Rev 3Y Avg | 17.6% |
| FCF/Rev LTM | -14.1% |
| FCF/Rev 3Y Avg | -11.4% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Attributable to non-controlling interests and other | 2,216 | 2,435 | 2,360 | 2,249 | 1,924 |
| Hydroelectric | 1,296 | 1,189 | 1,212 | 1,095 | 992 |
| Utility-scale Solar | 224 | 238 | 165 | 167 | 166 |
| Wind | 151 | 223 | 152 | 176 | 199 |
| Distributed energy & sustainable solutions | 107 | 124 | 125 | 146 | 126 |
| Corporate | 0 | 0 | 0 | 0 | 0 |
| Contribution from equity-accounted investments | -266 | -67 | -47 | -55 | -40 |
| Total | 3,728 | 4,142 | 3,967 | 3,778 | 3,367 |
| $ Mil | 2020 | 2019 |
|---|---|---|
| Hydroelectric | 198 | 253 |
| Utility-scale Solar | 18 | |
| Wind | -12 | -7 |
| Distributed energy & sustainable solutions | -15 | -3 |
| Corporate | -2,927 | -78 |
| Total | -2,738 | 165 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Attributable to non-controlling interests and other | 22,671 | 23,494 | 26,392 | 23,368 | 22,327 |
| Hydroelectric | 19,065 | 15,592 | 15,899 | 15,604 | 15,108 |
| Wind | 2,032 | 1,873 | 2,986 | 1,595 | 1,700 |
| Utility-scale Solar | 1,876 | 1,766 | 2,604 | 1,447 | 1,731 |
| Distributed energy & sustainable solutions | 743 | 1,468 | 1,370 | 1,138 | 1,279 |
| Corporate | 212 | 213 | 392 | 307 | 17 |
| Contribution from equity-accounted investments | -332 | -277 | -222 | -171 | -176 |
| Total | 46,267 | 44,129 | 49,421 | 43,288 | 41,986 |
Price Behavior
| Market Price | $31.64 | |
| Market Cap ($ Bil) | 5.8 | |
| First Trading Date | 07/24/2020 | |
| Distance from 52W High | -26.4% | |
| 50 Days | 200 Days | |
| DMA Price | $34.02 | $36.76 |
| DMA Trend | down | down |
| Distance from DMA | -7.0% | -13.9% |
| 3M | 1YR | |
| Volatility | 28.9% | 33.8% |
| Downside Capture | 134.88 | 133.37 |
| Upside Capture | 33.56 | 103.67 |
| Correlation (SPY) | 27.9% | 34.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.97 | 0.86 | 0.58 | 0.98 | 0.91 | 0.19 |
| Up Beta | -0.26 | 0.84 | 0.52 | 0.93 | 0.80 | -0.02 |
| Down Beta | 3.04 | -0.03 | 0.19 | 0.24 | 0.32 | -0.14 |
| Up Capture | 97% | 51% | 24% | 76% | 106% | 23% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 9 | 17 | 25 | 56 | 122 | 214 |
| Down Capture | 227% | 181% | 128% | 155% | 120% | 81% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 12 | 25 | 39 | 71 | 129 | 203 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BEPC | |
|---|---|---|---|---|
| BEPC | -2.3% | 33.8% | -0.02 | - |
| Sector ETF (XLU) | 3.1% | 15.1% | -0.00 | 28.1% |
| Equity (SPY) | 19.2% | 12.8% | 1.10 | 34.4% |
| Gold (GLD) | 24.8% | 29.2% | 0.76 | 19.1% |
| Commodities (DBC) | 44.0% | 20.4% | 1.67 | -13.0% |
| Real Estate (VNQ) | 8.5% | 13.7% | 0.35 | 19.4% |
| Bitcoin (BTCUSD) | -27.6% | 43.5% | -0.62 | 18.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BEPC | |
|---|---|---|---|---|
| BEPC | 4.0% | 34.7% | 0.39 | - |
| Sector ETF (XLU) | 7.5% | 17.4% | 0.29 | 36.3% |
| Equity (SPY) | 12.7% | 17.2% | 0.56 | 40.3% |
| Gold (GLD) | 18.7% | 18.7% | 0.81 | 13.5% |
| Commodities (DBC) | 11.0% | 19.5% | 0.44 | -0.9% |
| Real Estate (VNQ) | 2.0% | 18.9% | -0.00 | 28.9% |
| Bitcoin (BTCUSD) | 10.5% | 52.6% | 0.38 | 19.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BEPC | |
|---|---|---|---|---|
| BEPC | 2.0% | 34.7% | 0.39 | - |
| Sector ETF (XLU) | 8.7% | 19.3% | 0.38 | 36.3% |
| Equity (SPY) | 15.1% | 17.9% | 0.72 | 40.3% |
| Gold (GLD) | 12.0% | 16.3% | 0.60 | 13.5% |
| Commodities (DBC) | 7.9% | 18.1% | 0.35 | -0.9% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 28.9% |
| Bitcoin (BTCUSD) | 63.2% | 66.1% | 1.03 | 19.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/31/2026 | 6-K |
| 03/31/2026 | 05/01/2026 | 6-K |
| 12/31/2025 | 02/27/2026 | 20-F |
| 09/30/2025 | 11/05/2025 | 6-K |
| 06/30/2025 | 08/01/2025 | 6-K |
| 03/31/2025 | 05/02/2025 | 6-K |
| 12/31/2024 | 02/28/2025 | 20-F |
| 09/30/2024 | 11/12/2024 | 6-K |
| 06/30/2024 | 08/05/2024 | 6-K |
| 03/31/2024 | 05/03/2024 | 6-K |
| 12/31/2023 | 03/01/2024 | 20-F |
| 09/30/2023 | 11/06/2023 | 6-K |
| 06/30/2023 | 08/04/2023 | 6-K |
| 03/31/2023 | 05/08/2023 | 6-K |
| 12/31/2022 | 03/01/2023 | 20-F |
| 09/30/2022 | 11/04/2022 | 6-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/31/2026 | 6-K |
| 03/31/2026 | 05/01/2026 | 6-K |
| 12/31/2025 | 02/27/2026 | 20-F |
| 09/30/2025 | 11/05/2025 | 6-K |
| 06/30/2025 | 08/01/2025 | 6-K |
| 03/31/2025 | 05/02/2025 | 6-K |
| 12/31/2024 | 02/28/2025 | 20-F |
| 09/30/2024 | 11/12/2024 | 6-K |
| 06/30/2024 | 08/05/2024 | 6-K |
| 03/31/2024 | 05/03/2024 | 6-K |
| 12/31/2023 | 03/01/2024 | 20-F |
| 09/30/2023 | 11/06/2023 | 6-K |
| 06/30/2023 | 08/04/2023 | 6-K |
| 03/31/2023 | 05/08/2023 | 6-K |
| 12/31/2022 | 03/01/2023 | 20-F |
| 09/30/2022 | 11/04/2022 | 6-K |
| 06/30/2022 | 08/05/2022 | 6-K |
| 03/31/2022 | 05/06/2022 | 6-K |
| 12/31/2021 | 03/01/2022 | 20-F |
| 09/30/2021 | 11/08/2021 | 6-K |
| 06/30/2021 | 08/05/2021 | 6-K |
| 03/31/2021 | 05/04/2021 | 6-K |
| 12/31/2020 | 02/26/2021 | 20-F |
| 09/30/2020 | 11/04/2020 | 6-K |
| 06/30/2020 | 08/07/2020 | 6-K |
| 03/31/2020 | 06/30/2020 | 424B3 |
Investor Activity (13F)
Updated Sep 2, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Utilities Resources |
| Data.gov Energy Infrastructure |
| Data.gov Energy Resources |
| Utility Dive |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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