Brookfield Renewable Corporation
- Open
- 33.61
- Day high
- 33.73
- Day low
- 33.53
- Prev close
- 33.53
- Volume
- 9K
- Mkt cap
- $6.1B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- -1.7
- P/S
- 1.5
- Yield
- 4.56%
- Per share
- $1.53
Brookfield Renewable Corporation (BEPC) is a Utilities company listed on NYSE. The stock is down 8% over the past year. Drillr has 2 published research articles covering BEPC.
Brookfield Renewable Corporation (BEPC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BEPC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 1, 2026 | $-0.25 | $-0.33 | -33.8% | $883M | -43.4% |
| Jan 30, 2026 | $-0.14 | $-0.06 | +57.1% | $938M | -57.3% |
| Nov 5, 2025 | $-0.01 | $999.00 | +9990100.0% | $931M | -54.5% |
| Aug 1, 2025 | $-0.07 | $999.00 | +1427242.9% | $1.3B | -37.2% |
| May 2, 2025 | $-0.12 | $999.00 | +832600.0% | $907M | -60.0% |
| Jan 31, 2025 | $-0.33 | $-0.06 | +81.8% | $987M | -27.7% |
| Aug 2, 2024 | $-0.27 | $-0.28 | -3.7% | $989M | -36.8% |
| May 3, 2024 | $-0.18 | $-0.23 | -27.8% | $1.1B | -22.7% |
| Feb 2, 2024 | $-0.14 | $0.01 | +107.1% | $1.1B | -11.6% |
| Nov 3, 2023 | $-0.12 | $-0.14 | -16.7% | $934M | -26.5% |
| Aug 4, 2023 | $-0.07 | $-0.10 | -42.9% | $901M | -35.0% |
| May 5, 2023 | $-0.05 | $-0.09 | -80.0% | $1.1B | -10.5% |
BEPC research & analysis
Texas Battery Storage Boom: NEE, AES, STEM Poised for Outsized Gains
Texas is witnessing a battery storage revolution, highlighted by Energy Vault's recent acquisition of a 175 MW project. This article analyzes key players in the battery energy storage sector, including Stem, AES, NextEra Energy, Fluence, and Energy Vault, assessing their growth potential in this booming market.
NRGVFLSRSTEMTotalEnergies $2.2B Asia Solar JV: 5 US Stocks Poised to Surge — FSLR Leads the Pack
TotalEnergies and Masdar's $2.2B Asia renewables JV promises a supply chain boom for US solar firms. We rank FSLR, ARRY, ENPH, NEE, and BEPC as top beneficiaries, with FSLR leading on margins and tech fit. All poised for revenue uplift amid recent price dips.
FSLRARRYENPH
Brookfield Renewable Corporation company profile
Overview
Brookfield Renewable Corporation (NYSE:BEPC) is a leading global renewable energy company that was incorporated in 2019 and went public in July 2020. Headquartered in New York, the company operates as part of the broader Brookfield Asset Management ecosystem, one of the world's largest alternative asset managers. BEPC owns and operates a diversified portfolio of renewable energy power generating facilities across multiple continents, with approximately 45,000 megawatts of operating capacity and a development pipeline exceeding 200,000 megawatts. The company has positioned itself as a pure-play renewable energy investment vehicle, capitalizing on the global energy transition and the growing demand for clean power from corporate customers and data centers.
Business
Brookfield Renewable Corporation operates in the renewable energy sector, which involves generating electricity from naturally replenishing sources like water, wind, and sunlight. The company's business spans three primary segments that collectively generate clean electricity for sale to utilities, corporations, and government entities. The hydroelectric segment represents the company's largest and most established business, operating water-powered electricity generation facilities primarily in North America, South America (notably Colombia through its Isagen subsidiary), and Europe. Hydroelectric power works by using flowing or falling water to turn turbines that generate electricity. This segment benefits from long-term contracts and inflation-indexed pricing, providing stable cash flows over decades. The wind and solar segment has shown the strongest growth, with record performance driven by new capacity additions. Wind power captures kinetic energy from moving air through large turbines, while solar power converts sunlight into electricity using photovoltaic panels. This segment has benefited from declining technology costs and strong corporate demand for clean energy. The distributed energy, storage, and sustainable solutions segment represents the company's newest and fastest-growing area, encompassing battery energy storage systems, distributed solar installations, and nuclear services through its Westinghouse Electric subsidiary. Battery storage systems store excess renewable energy for later use, helping to address the intermittent nature of wind and solar power. The nuclear services business provides maintenance, fuel, and technology services to existing nuclear power plants worldwide. While specific revenue breakdowns vary by quarter, the wind and solar segment has shown the strongest growth trajectory, with the distributed energy segment experiencing dramatic expansion following the Westinghouse acquisition.
Revenue model
Brookfield Renewable Corporation generates revenue primarily through long-term power purchase agreements (PPAs) where it sells electricity to utilities, corporations, and government entities. The company's business model is built on contracted cash flows, with approximately 90% of its assets contracted for an average of 14 years, providing predictable revenue streams. About 70% of the company's revenues are indexed to inflation, offering protection against rising costs. The company's customers fall into several categories: electric utilities that purchase power for their grid systems, large corporations seeking to meet sustainability goals through direct renewable energy contracts, and government entities requiring clean power. Notably, BEPC has secured a landmark framework agreement with Microsoft to deliver 10.5 gigawatts of renewable energy capacity between 2026-2030, highlighting the growing demand from technology companies and data centers driven by artificial intelligence and cloud computing expansion. Revenue generation occurs through several mechanisms: direct electricity sales at contracted rates, capacity payments for making power available to the grid, and ancillary services that help maintain grid stability. The company also generates income through asset recycling, selling mature renewable energy projects to institutional investors and redeploying capital into higher-growth opportunities. Several factors influence the company's margins and profitability. Positive factors include the growing corporate demand for clean energy, particularly from technology companies, declining costs of renewable energy technologies, and supportive government policies promoting decarbonization. The company's diversified geographic presence and technology mix help mitigate regional weather and policy risks. However, margins face pressure from supply chain constraints, particularly for transformers and specialized equipment, potential changes in government incentives like tax credits, and increasing competition in attractive renewable energy markets. Interest rate fluctuations also impact project financing costs, though the company's predominantly fixed-rate debt structure provides some protection.
Competitive moat
Brookfield Renewable Corporation's competitive moat stems from several interconnected advantages, though the strength of these barriers varies across different aspects of its business. The company's primary moat lies in its scale and operational expertise as one of the world's largest renewable energy operators, providing advantages in project development, financing, and operations & maintenance. This scale enables preferential access to equipment suppliers, lower financing costs, and the ability to spread development risks across a large portfolio. The company benefits from strategic asset positioning, owning prime renewable energy sites with excellent resource quality and grid connectivity. Many of these locations, particularly hydroelectric sites, are irreplaceable due to geographic constraints and regulatory barriers to new development. The company's diversified global footprint across North America, South America, Europe, and Asia provides geographic risk mitigation and access to different market dynamics. Long-term contracted cash flows create stability and predictability that competitors with merchant exposure cannot match. The company's relationships with high-quality corporate customers, exemplified by the Microsoft framework agreement, demonstrate its ability to secure premium contracts with creditworthy counterparties. However, the renewable energy sector faces increasing competition as the industry matures. The core technologies of wind and solar are becoming commoditized, and many well-capitalized players are entering the market. While BEPC's scale and expertise provide advantages, the fundamental technology moat is limited since renewable energy equipment is widely available from multiple suppliers. The company's strongest competitive position lies in its development capabilities and corporate relationships, particularly in high-demand markets like data center hubs. However, this advantage could erode if competitors successfully scale their operations or if new technologies disrupt the current renewable energy landscape. Overall, BEPC maintains a moderate moat that provides competitive advantages but requires continuous investment and execution to sustain.
Risks & safety
The company's margin of safety appears moderate with several areas of concern, particularly regarding liquidity and leverage metrics. • **Liquidity concerns**: Current ratio of 0.30 indicates potential short-term liquidity challenges, though the company maintains $4.5 billion in available liquidity facilities • **High leverage**: Debt-to-equity ratio of 9.8 reflects the capital-intensive nature of renewable energy assets, though most debt is non-recourse project financing • **Cash flow volatility**: Free cash flow has been negative in recent quarters (-$138M in Q1 2025, -$467M in Q4 2024) due to heavy capital deployment in growth projects • **Valuation metrics**: EV/EBITDA of 6.1 appears reasonable for a growing renewable energy company, though P/B ratio of 2.8 suggests limited asset-based downside protection • **Operational stability**: Strong contracted cash flows with 90% of assets under long-term agreements provide revenue predictability • **Other considerations**: The company's asset recycling program and access to Brookfield's broader capital network provide additional financial flexibility, though execution risk remains for the large development pipeline
Recent development
Over the past few years, Brookfield Renewable Corporation has undergone significant strategic expansion and diversification. The company has dramatically scaled its operations through major acquisitions, including the transformative purchase of Westinghouse Electric, which added nuclear services capabilities and contributed to record performance in the distributed energy segment. The company also acquired Neoen, a French renewable energy company, and reached an agreement to acquire National Grid Renewables, substantially expanding its North American presence. A pivotal strategic development has been the company's focus on corporate clean energy demand, particularly from technology companies and data centers. This shift culminated in the landmark renewable energy framework agreement with Microsoft to deliver 10.5 gigawatts of capacity between 2026-2030, representing one of the largest corporate renewable energy deals ever announced. The company has positioned itself to capitalize on the artificial intelligence revolution's massive power requirements, with 90% of its 200,000-megawatt development pipeline located in top data center markets. The company has also pursued an aggressive asset recycling strategy, generating $2.8 billion in proceeds at attractive returns while redeploying capital into higher-growth opportunities. This includes sales of mature wind and solar assets in the Americas and strategic partnerships like the offshore wind investment with Ørsted. Additionally, BEPC has significantly expanded its development capabilities, increasing from 1,000 megawatts of annual development in 2021 to commissioning 7,000 megawatts in 2024, with plans to deliver nearly 18,000 megawatts over the next three years.
BEPC company profile · for informational purposes only — not investment advice.
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