BMO Capital Assumes Brookfield Renewable Energy Partners LP to Outperform

Brokerage firm BMO Capital Assumes its rating on Brookfield Renewable Energy Partners LP(NYSE:BEP). The shares have been rated Outperform. The rating by BMO Capital was issued on Jun 13, 2016.

In a different note, Guggenheim Securities said it Initiates Coverage on Brookfield Renewable Energy Partners LP, according to a research note issued on May 3, 2016. The shares have been rated ‘Neutral’ by the firm.

Brookfield Renewable Energy Partners LP (BEP) shares turned negative on Fridays trading session with the shares closing down -0.47 points or -1.62% at a volume of 1,31,338. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.33. The peak price level was also seen at $29.33 while the days lowest was $28.39. Finally the shares closed at $28.49. The 52-week high of the shares is $30.924 while the 52-week low is $20.36. According to the latest information available, the market cap of the company is $7,775 M.

Brookfield Renewable Energy Partners L.P. (Brookfield Renewable) operates as a pure-play renewable power platform. The Company’s segments include hydroelectric wind and other. Brookfield Renewable operates renewable power generating assets which include conventional hydroelectric facilities located in the United States Canada and Brazil and wind facilities located in the United States Canada and Europe. Brookfield Renewable also operates two co-generation facilities. The Company owns and operates approximately 204 hydroelectric generating stations on 72 river systems and 28 wind facilities diversified across 13 power markets in the United States Canada Brazil and Europe. Brookfield Renewable’s portfolio primarily hydroelectric totals over 6700 megawatts (MW) and produces enough electricity from renewable resources to power 3.5 million homes each year. Its subsidiaries include Alta Wind VIII LLC Brookfield BRP Canada Corp. and Black Bear Hydro Partners LLC among others.

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