Why Brookfield Renewable Partners Stock Popped Friday

·2-min read
Why Brookfield Renewable Partners Stock Popped Friday

Brookfield Renewable Partners (NYSE: BEP) had a good year in 2020, and its stock price reflected that, rising about 75% for the year. Last week, Brookfield Renewable reported funds from operations (FFO) -- a widely accepted measure of cash generation for asset-heavy businesses -- grew 21% in the first quarter of 2021 compared to the prior-year period. In the first quarter, Brookfield also said it invested or agreed to invest about $400 million of its own equity in transactions for onshore and offshore wind, utility scale solar, and generation assets in the United States, Europe, and India.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting