This report is an updated version of the report published on 23 February 2026 at 4:00 PM EST.         

Brookfield Renewable Partners L.P. (NYSE: BEP) 

Brookfield Renewable Partners L.P. operates publicly traded platforms for renewable power and decarbonization solutions. 

Recommendation Rationale – SELL at USD 31.86 

• Trading Near Resistance Level: BEP’s share price surpassed its R1 level recommended on 27 January 2026. The 14-day RSI currently stands at approximately 67.20, nearing the overbought zone. Therefore, share price can face resistance at the current levels.

• Reported Losses in FY25: After adjusting for non-cash depreciation and other expenses, the Net Loss attributable to Unitholders for the twelve months ended December 31, 2025, amounted to USD 19 million. Continued losses could pressure resources, limit growth prospects, and may require further funding or capital raising to sustain operations. 

• Overvalued Multiples: On a forward 12-month – key valuation multiples (EV/EBITDA and Price/Cash Flow) are higher than average of the Basic Materials’ sector. 

• Operational Risk: Weather-dependent generation may reduce output due to unfavourable rainfall, wind, or sunlight conditions, while policy and regulatory changes, including subsidy revisions and approval delays, could disrupt operations and constrain growth.

BEP’s Daily Price Chart

Daily Technical Chart, Data Source: REFINITV   

Valuation Methodology: EV/Sales Approach (FY December'26E) (Illustrative)

Stock might trade at a slight premium to its peers considering the expanding hyperscaler hydro partnerships, strengthening nuclear strategic positioning, advancing large-scale battery projects, etc. For conducting the valuation, peers such as Clearway Energy Inc (NYSE: CWENa), XPLR Infrastructure LP (NYSE: XIFR), AES Corp (NYSE: AES), and others have been considered.

BEP’s stock price is on an upward trend but decreasing volume warrants caution. The 14-period RSI is pulling back from overbought levels, signaling that the upward momentum could slow as buying pressure diminishes. Considering the current trading environment and associated risks, a ‘Sell’ rating is assigned to BEP at the closing market price of USD 31.86 as of February 23, 2026. 

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing. 

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 23 February 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided have been achieved and is subject to the factors discussed above.

Note 4: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 5: Dividend Yield may vary as per the stock price movement. 

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.

Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.