Summary: Brookfield Renewable Partners is one of Canada’s largest renewable energy-oriented companies, with hundreds of hydroelectric plants, wind farms, and solar facilities installed all over the country. With its diverse portfolio of renewable energy assets, Brookfield Renewable Partners represents a solid investment opportunity for investors looking to generate income and support an environmental cause. Canadian investors interested in buying Brookfield Renewable Partners stock can register and do so at online stock trading platforms such as Interactive Brokers.
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About Brookfield Renewable Partners
Brookfield Renewable Partners (TSX: BEPC) is one of the leading Canadian developers of renewable power assets. The company has a large portfolio of hydroelectric, wind, and solar energy assets across North and South America, Europe, and Asia.
Why invest in Brookfield Renewable Partners — Growth prospects
The company has a market cap of $7.69 billion as of December 2023, and it is expected to grow its earnings and revenue by 65.2% and 6.9%per annum, respectively. Moreover, it’s managed to maintain an annualized total return of 16%, and its dividend yield ranges between 5% and 9%, which makes it one of the most common choices among Environment, Social, and Governance (ESG) investors.
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Last year, Brookfield Renewable Partners estimated that $150 trillion would be needed by 2050 to decarbonize energy systems and the global economy. Thanks to its position in the global renewable energy market, the company’s management is confident it can play an important role in the process.
Further, the company has been making some strategic moves in Australia and America. For example, it has agreed to acquire Duke’s Energy and Origin Energy, both investments involving hundreds of millions of dollars and contributing both to Brookfield Renewable Partners’ growth potential and ESG rating.
Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.
How to buy Brookfield Renewable Partners stock: Step-by-step process
To buy Brookfield Renewable Partners stock, Canadian investors can take the following steps:
Step 1: Choosing the right broker
To buy Brookfield Renewable Partners stock in Canada, you first need to choose a reliable broker that will give you access to Toronto Stock Exchange and the Brookfield Renewable Partners stock. There are numerous brokers nowadays. To find the one that best fits your needs and aligns well with your investment strategy, compare various brokers based on factors such as fees, platform accessibility, customer support, offerings, etc.
Our go-to broker is Interactive Brokers, a platform featuring:
- Commission-free stock trading;
- Global stock-trading on 90+ market centers;
- Fractional shares;
- Additional income on fully paid shares;
- Lowest financing rates for margin accounts;
- No account minimums.
Best Platform for Worldwide Stock Trading & Investing
-
Highly trusted multi-asset broker with clients in over 200 countries
-
Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)
-
Low commissions starting at $0 with no platform fees or account minimums
-
Easily fund your account and trade assets in 26 currencies
-
IBKR pays up to 4.58% interest on cash balances of $10k or more
Step 2: Opening a trading account
When you find a broker, you can open a trading account. To do that, you will have to provide the broker with some of your personal information and verify your identity through some kind of know-your-customer (KYC) process. In addition, some brokers might ask you to fill out some questionnaires regarding your investment goals and the way you discovered their platform.
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Step 3: Funding your account
When you open your trading account, you will have to fund it before you can buy any stocks. To transfer money to your new account, you can use:
- Transfer money from your bank account;
- Scan a check;
- Use third-party payment systems;
- Etc.
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Step 4: Placing an order
Once you have funded your account, you can buy Brookfield Renewable Partners stock. To do that, simply follow these steps:
- Log in to your account;
- Search for the stock using its symbol (BEP) or company name;
- Choose the type of order you want to place (Market, Limit, Stop, etc.);
- Enter the number of shares you would like to buy;
- Review your order one last time;
- Submit your order for execution.
Brookfield Renewable Partners stock price today
Brookfield Renewable Partners — Things to consider
While Brookfield Renewable Partners has solid growth potential, there are still some things you ought to consider when buying its stock. For example, the company has seen some negative earnings in the past few years. Moreover, Brookfield Asset Management tends to invest money not only on behalf of Brookfield Renewable Partners but its other partners as well, especially during acquisitions, which deters some investors.
In addition, some Brookfield entities operate not as partnerships but as traditional companies, such as Brookfield Renewable Corporation, traded as BEPC. In other words, investing in Brookfield Renewable Partners is an active investment that requires patience and knowledge of the market. Therefore, new investors might want to invest in some alternatives or look for exchange-traded funds that track the performance of more than one company in the sector.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Brookfield Renewable Partners Stock in Canada
How to buy Brookfield Renewable Partners stock in Canada?
To buy Brookfield Renewable Partners stock, open an account with a brokerage that features it, such as Interactive Brokers.
What is the dividend yield for Brookfield Renewable Partners stock?
As of August 2023, the Brookfield Renewable Partners stock has a dividend yield of 5.10%.
Is the Brookfield Renewable Partners stock ESG friendly?
Yes, Brookfield Renewable Partners has a high ESG rating.
What is the Brookfield Renewable stock dividend like?
As of December 2023, the Brookfield Renewable dividend yield is 4.63%.
Best Platform for Worldwide Stock Trading & Investing
-
Highly trusted multi-asset broker with clients in over 200 countries
-
Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)
-
Low commissions starting at $0 with no platform fees or account minimums
-
Easily fund your account and trade assets in 26 currencies
-
IBKR pays up to 4.58% interest on cash balances of $10k or more
