For example, page F-11 of the 10-K shows that the company actually lost 61 cents in net income per unit for the year. Vacationers in the lower peninsula like to relax at the lake, be in the sun, and enjoy the fine wines, beers, and foods Michigan offers. BEPs portfolio consists of approximately 19,300 MW of capacity and 5,301 generating facilities in North America, South America, Europe, and Asia. We are the #1 Source for Dividend Stocks! Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Get the latest Brookfield Renewable Corp (BEPC) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. In total quarterly actual generation increased by 10% demonstrating the value of diversified portfolio. Weekly stock market update & five stock related articles we thought were a must-read this week, Weekly stock market update & five stock-related articles we thought were a must-read this week. Since the listing of the C-Corp of Brookfield Renewable Partners as BEPC, BEPC has far outpaced BEP even though BEP and BEPC are economically equivalent. Entering text into the input field will update the search result below. The Northern Lights Can Be Seen in the Continental US This Week. In terms of actual generation hydro was responsible for 63% of the total followed by wind with 23% and solar by 11%. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Brookfield Infrastructure Stock: Still A Better Stock Than BEP (NYSE The only difference is that BEP is a publicly traded partnership sitting in Bermuda whereas BEPC is a Canadian corporation listed on NYSE and TSX as a means to "provide investors with greater flexibility in how they access BEP's globally diversified portfolio of high-quality renewable power assets". Do not buy or sell any stock without conducting your own due diligence or consulting an advisor. Brookfield Renewable Energy Partners L.P. (BEP) Q1 2020 Earnings Call The shares also provide investors with a tax-reporting framework that may be favored by investors in some jurisdictions. Source: Brookfield Renewable Partners Investor Relations. This percent would reduce to 39.5% assuming the TERP acquisition is completed and the acquisition consideration consists solely of BEPC exchangeable shares. Other analysts covering BEP stock do not like it much. All rights reserved. On Oct. 30, units of BEP.UN were trading in Toronto at $72.20. As I said, the company will likely keep on paying out the distribution (notice it is not a dividend) using borrowings. The Motley Fool has a disclosure policy. Reddit and its partners use cookies and similar technologies to provide you with a better experience. BEPC shares are expected to trade at a premium (as seen with BIP/BIPC), but the tax hit from selling will likely make the swap unattractive for many investors depending on their tax rate. 5 from 5i: Long bonds are no longer for fools, Market and Report Updates - April 18, 2023, Brookfield Renewable Partners: BEP.UN vs BEPC. BEP units do not turn into BEPC shares, which means if an investor holds 100 units of BEP on July 29, on July 30, theyll hold 100 units of BEP and 25 BEPC shares. I believe in the long-term growth story and the stock is a "Strong Buy" ahead of its February 4 earnings release. Brookfield Renewable will hold all of the BEPC class B and class C shares, thereby giving Brookfield Renewable a 75% voting interest. All rights reserved. These 5% hikes have become the norm over the last couple of years as the company is working towards reaching its target payout ratio. I wrote this article myself, and it expresses my own opinions.