Should I Buy BEP? BEP 2026 Analysis

Should You Buy Brookfield Renewable Partners LP (BEP) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

30.470

1 Day change

3.22%

52 Week Range

29.560

Analysis Updated At

2026/02/04

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Not a good buy right now for an impatient entry: BEP is already trading around $30.29 pre-market, close to the most recent Neutral target ($31) and above the provided resistance levels, implying near-term upside is less attractive than the downside risk.
Technicals are bullish but momentum is cooling (MACD positive but contracting; RSI ~60), which often precedes consolidation/pullbacks after a run.
Options positioning is bullish (very low put/call ratios), but IV is elevated (IV percentile 82), suggesting options are pricing in risk and near-term swings.
News flow is constructive (dividend raise, FFO growth outlook), but pattern-based probabilities point to weaker forward returns over the next month.

Intellectia Proprietary Trading Signals

AI Stock Picker: No signal on given stock today.
SwingMax: No signal on given stock today.

Technical Analysis

Trend: Bullish (SMA_5 > SMA_20 > SMA_200), indicating an established uptrend.
Momentum: MACD histogram +0.205 (still positive) but contracting, suggesting upside momentum is fading.
RSI(6): ~60.1 (neutral-to-slightly-bullish), not overbought but not a low-risk dip entry either.
Levels: Provided pivot/R levels (Pivot 26.845; R1 27.888; R2 28.532) sit below the current ~$30.29, implying price is extended versus these reference levels and may be prone to mean reversion.
Quant/pattern read: Similar-pattern stats suggest +1.22% next day, but -0.7% next week and -8.06% next month (near-term chop with weaker medium-term odds).

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Sentiment: Bullish call-skew (OI put/call 0.28; volume put/call 0.38) indicates traders are leaning to upside positioning.
Activity: Total volume 426; today vs 30D avg volume ~95% (roughly normal), OI 18,979 and ~113% of avg OI (positioning slightly elevated).
Volatility: 30D IV 36.74 vs historical vol 41.68 (IV < realized), but IV percentile 82 indicates IV is high versus its own recent distribution—options not cheap.
Takeaway: Options market leans bullish, but elevated IV percentile suggests the market is not complacent; risk of post-news digestion/pullback remains.

Technical Summary

Sell

Buy

Positive Catalysts

- Dividend catalyst: Quarterly dividend raised 5% to $0.392, extending a long history of increases (income-demand support).
- Operations/outlook: Reported ~10% YoY FFO growth (to $2.01 per share; $1.3B total) and guided to 5–9% annual dividend growth; expects 10%+ annual FFO growth supported by clean-energy demand.
- Growth pipeline: Added 8 GW capacity last year; targeting ~10 GW annually through 2027 (visible reinvestment runway).
- Balance sheet/flexibility: Plan to redeem Series 7 Preferred Units (simplification/financing flexibility).
- Strategic angle: Continued investor interest in nuclear adjacency via Westinghouse exposure (supports “platform value” narrative).

Neutral/Negative Catalysts

- Near-term entry risk: Price is extended relative to provided technical reference levels; momentum is decelerating, increasing odds of consolidation.
- Profitability pressure (latest provided quarter): Net income remained negative and margins deteriorated (see financials), which can cap multiple expansion.
- Mixed Street stance near current price: Most recent update (Mizuho) is Neutral with a target only slightly above spot, limiting immediate catalyst-driven upside.
- Elevated IV percentile (82): Options market implies larger moves; bullish skew exists but risk is being priced.
- Trading trends: Hedge funds and insiders show no strong accumulation signals in the provided data.

Financial Performance

Latest provided quarter: 2025/Q3.
Revenue: $1.596B, +8.57% YoY (top-line growth remains solid).
Earnings quality: Net income -$66M (down -28.26% YoY), EPS -0.23 (down -28.12% YoY)—losses widened.
Margins: Gross margin 16.54%, down -26.98% YoY, indicating margin compression despite revenue growth.
Bottom line: Growth is present, but profitability/margins are moving the wrong way in the provided quarter, which argues against chasing strength at current levels.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent trend: Price targets were broadly raised into late 2025, but the most recent updates skew more cautious.
Latest actions:
- (2026-02-02) Mizuho: PT $31 (from $30), Neutral.
- (2026-01-23) Barclays: PT $28 (from $27), Equal Weight.
- (2025-12-05) UBS: PT $39, Buy.
- (2025-11-27) BMO: PT $36, Outperform.
- (2025-11-24) Morgan Stanley: PT $38, Overweight.
- (2025-11-06) Scotiabank/CIBC: PT $35, Outperform/Outperformer.
Wall Street pros: Clean-energy demand tailwinds, visible buildout pipeline, dividend growth story, and strategic optionality (nuclear adjacency).
Wall Street cons: Near-term valuation/price level looks less compelling (some neutrals), financing/capex complexity, and profitability/margin pressure in the provided quarter.

11 Analyst Rating

Wall Street analysts forecast BEP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BEP is 34.73 USD with a low forecast of 27 USD and a high forecast of 39 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

9 Buy

2 Hold

0 Sell

Strong Buy

Current: 29.520

Low

Averages

34.73

High

Current: 29.520

Low

Averages

34.73

High

Mizuho

Neutral

maintain

$30 -> $31

AI Analysis

2026-02-02

Reason

Mizuho

Price Target

$30 -> $31

AI Analysis

2026-02-02

maintain

Neutral

Reason

Mizuho raised the firm's price target on Brookfield Renewable Partners to $31 from $30 and keeps a Neutral rating on the shares. The firm updated the company's model post the Q4 report.

Barclays

Equal Weight

maintain

$27 -> $28

2026-01-23

Reason

Barclays

Price Target

$27 -> $28

2026-01-23

maintain

Equal Weight

Reason

Barclays raised the firm's price target on Brookfield Renewable Partners to $28 from $27 and keeps an Equal Weight rating on the shares. as part of a Q4 earnings preview. The firm says Brookfield enters 2026 with a "streamlined asset base, a sizable capex plan, and balanced funding strategy."

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BEP Should I Buy

BEP Should I Buy

Should You Buy Brookfield Renewable Partners LP (BEP) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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