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← CockpitCompetitor Analysis › BEP-UN.TO Brookfield Renewable Partners LPOpen in the cockpit ↗

Brookfield Renewable Partners LPBEP-UN.TOCompetitor analysis, valuation and peers

Canada · CAD·Utilities›Electric Utilities

Global renewable power generation partnership owning hydro, wind, solar and storage assets, managed by Brookfield.

≈ A global renewable power IPP, akin to a public NextEra Energy PartnersMomentum neutral 48
Mkt cap
$9.41B
US dollars, full cap
Free float
71%
of shares outstanding
$/day
$12.6M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-4.4 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
84 days
29 Jan 2027
Close · CADC$43.93
1D+2.2%
1W+9.8%
1M+4.5%
3M-4.9%
6M-7.0%
YTD+18.4%
1Y+2.8%
ATR %2.8%
52w lowhigh16.9% off high

What Brookfield Renewable Partners LP does

Global renewable power generation partnership owning hydro, wind, solar and storage assets, managed by Brookfield.

This is the Toronto listing of the same renewable-power partnership as the US one. It sells most of its power under long-term contracts to utilities and corporate buyers, so cash flow is steadier than at spot-priced generators, and hydro earns more when river flows are strong. Brookfield manages it for fees and owns a sizeable stake.

In one line: A global renewable power IPP, akin to a public NextEra Energy Partners.

Products and services

  • Hydroelectric power generation
  • Wind power generation
  • Solar power generation
  • Battery storage

Customers

  • Utilities/corporates (power purchase agreements)
  • Grid operators

Where it sits in the supply chain

  • Utilities/renewables
  • Renewable power generation
  • Hydro + wind + solar + storage

What could go right

  • Corporate decarbonisation/PPA demand (including AI data centres)
  • Global renewables buildout

What could go wrong

  • Interest rate sensitivity (leveraged asset base)
  • Power price/merchant exposure in some markets

Moat: narrow (scale, installed base, regulatory licence). Large, long-life hydro assets and long-term contracted power purchase agreements provide stable, hard-to-replicate cash flows.

Headquarters: Toronto, Canada · Founded: 2011 · Employees: 5,870

Named competitors

Brookfield Renewable Partners LP at a glance

Size Brookfield Renewable Partners LP (BEP-UN.TO) is a Canada Utilities company (Electric Utilities) with a market value of $9.41B, the 77th largest of 420 Canada companies the cockpit tracks. Shares closed at C$43.93 on 6 Nov 2026.

Performance Over six months the shares fell 7.0%, against -6.8% for the median peer and +5.2% for the Canada market (cap-weighted) — 11th highest of 21 in its peer set.

Growth Revenue grew 6.9% over the last twelve months (peer median +7.0%); the operating margin is 10.8% (peer median 13.6%).

Valuation It trades at 12.5× enterprise value to sales against a peer median of 2.5× (most expensive of 21).

Capital Return on invested capital runs 4.4 points below its cost of capital (5.0% WACC).

Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026BEP-UN.TO 94Peer median 93
Six months, rebased to 100: Brookfield Renewable Partners LP against the median of its 20 peers (local-currency closes).

Brookfield Renewable Partners LP financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$9.29BC$9.13BC$7.92BC$6.64BC$6.06B
Revenue growth—+15%+19%+10%—
Gross profitC$1.38BC$1.69BC$1.63BC$1.52BC$2.11B
EBITDAC$4.21BC$4.76BC$4.11BC$3.75BC$3.88B
Net income-C$276M-C$51.7M-C$299M-C$67.5M-C$159M
Free cash flow-C$7.33B-C$7.60B-C$3.37B-C$1.27B-C$624M
Capital expenditureC$8.75BC$9.20BC$5.11BC$3.79BC$2.85B
Total debtC$60.3BC$49.1BC$51.1BC$40.2BC$34.4B

Quarterly statements and history in the cockpit →

Brookfield Renewable Partners LP competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%-10%0%+10%-20%-10%0%+10%REDPGEEDNR94351071NHPCJSWENERGYIDA000301A2AOGEAES6002360991600023BKWELPCU969502TATAPOWERBEP-UN.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Brookfield Renewable Partners LP is the large dot.

Fundamentals: revenue growth against valuation

0%+10%+20%0×5×10×REDPGEEDNR94351071NHPCJSWENERGYIDA000301A2AOGEAES6002360991600023BKWELPCU969502BEP-UN.TORevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Brookfield Renewable Partners LP is the large dot.

Brookfield Renewable Partners LP competitors and peer comparison

Head to head with its named competitors (BEP-UN.TO vs BIP vs NPI.TO vs BLX.TO)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Brookfield Renewable Partners LP BEP-UN.TO$9.41B-7%+7%11%12.5×n/a
Brookfield Infrastructure Partners L.P BIP$25.6B+7%+16%25%4.7×n/a
Northland Power NPI.TO$4.22B-4%+15%34%4.9×-1.7%
Boralex BLX.TOn/a+35%n/an/an/an/a
Clearway Energy CWEN$7.00B-11%+8%13%13.0×33.1%
Orsted ORSTED.CO$29.5B-8%+15%2%3.3×n/a

How Brookfield Renewable Partners LP compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Brookfield Renewable Partners LP against its 20 peers (data as of 6 Nov 2026)
MeasureBEP-UN.TOPeer medianRank in peer set
1-month return+4.5%+0.5%8th highest of 21
6-month return-7.0%-6.8%11th highest of 21
Distance from 52-week high-16.9%-20.7%10th highest of 21
Revenue growth (TTM)+6.9%+7.0%11th highest of 21
Operating margin10.8%13.6%7th lowest of 21
EV / Sales12.5×2.5×most expensive of 21
ROIC minus cost of capital-4.4 pp-0.6 pp4th lowest of 20
EV / EBITDA27.5×11.3×most expensive of 16
Net debt / EBITDA12.9×5.0×most indebted of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Brookfield Renewable Partners LP BEP-UN.TOCanada$9.41B-7%+7%11%12.5×n/an/a
Redeia Corporacion RED.MCSpain$9.47B+8%+15%43%8.5×n/an/a
PGE Polska Grupa Energetyczna PGE.WAPoland$9.02B+47%-2%12%0.6×n/an/a
Edison EDNR.MIItaly$9.87B-12%+6%3%0.5×n/an/a
Hikari Tsushin 9435.TJapan$10.0B-5%+7%15%3.0×6.7%+5.6%
Huadian Power International 1071.HKHong Kong$8.73B0%+13%8%2.0×n/an/a
NHPC NHPC.NSIndia$8.72B+1%+12%30%11.6×n/an/a
JSW Energy JSWENERGY.NSIndia$10.1B-9%+26%36%8.5×n/an/a
IDACORP IDAUnited States$8.63B+2%+4%23%6.7×n/an/a
Jiangsu Eastern Shenghong 000301.SZChina$10.3B-22%+4%7%1.6×-2.1%+28.4%
A2A A2A.MIItaly$8.55B+4%+14%8%0.9×2.8%+15.6%
OGE Energy OGEUnited States$10.5B+7%+2%26%4.8×8.1%+9.0%
AES AESUnited States$10.6B+4%+12%20%3.6×n/an/a
Guangxi Guiguan Electric Power 600236.SSChina$10.7B-10%+26%48%8.4×-2.8%+3.0%
Datang International Power Generation 0991.HKHong Kong$10.7B-20%+3%15%2.8×4.0%+4.1%
Zhejiang Zheneng Electric Power 600023.SSChina$10.8B-5%-7%-1%1.6×7.0%+9.0%
Bkw BKW.SWSwitzerland$8.12B-17%-5%11%2.0×1.6%+7.4%
Companhia Paranaense de Energia Sponsored ADR ELPCUnited States$7.92B-15%+27%19%2.2×-5.5%+5.3%
Sembcorp Industries U96.SISingapore$7.91B-8%+8%11%3.7×n/an/a
Chubu Electric Power 9502.TJapan$11.2B-13%+3%0%1.3×n/an/a
Tata Power TATAPOWER.NSIndia$11.9B-20%-4%13%1.8×n/an/a

Questions

Who are Brookfield Renewable Partners LP's main competitors?
Named competitors: NextEra Energy Partners (private or unlisted), Brookfield Infrastructure Partners (BIP), Innergex Renewable Energy (private or unlisted), Northland Power (NPI.TO), Boralex (BLX.TO), Clearway Energy (CWEN). The cockpit's measured peer set (industry) also includes Redeia Corporacion (RED.MC), PGE Polska Grupa Energetyczna (PGE.WA), Edison (EDNR.MI), Hikari Tsushin (9435.T), Huadian Power International (1071.HK), NHPC (NHPC.NS).
Is Brookfield Renewable Partners LP expensive compared with its peers?
On ev / sales it trades at 12.5× against a peer median of 2.5×, most expensive of 21 in its peer set.
How has Brookfield Renewable Partners LP stock performed?
Over six months to 6 Nov 2026 the shares returned -7.0% against -6.8% for the median peer; over one year +2.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.