Brookfield Renewable Energy Partners LP (BEP) is Downgraded by Desjardins to Hold

Brookfield Renewable Energy Partners LP (BEP) was Downgraded by Desjardins to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Desjardins advised their investors in a research report released on Jul 29, 2016.

Many Wall Street Analysts have commented on Brookfield Renewable Energy Partners LP. Brookfield Renewable Energy Partners LP was Upgraded by Guggenheim to ” Buy” on Jul 20, 2016. Brookfield Renewable Energy Partners LP was Upgraded by National Bank Financial to ” Outperform” on Jul 13, 2016. Brookfield Renewable Energy Partners LP was Initiated by Guggenheim to “Neutral” on May 4, 2016.

Brookfield Renewable Energy Partners LP opened for trading at $30.5 and hit $30.95 on the upside on Thursday, eventually ending the session at $30.85, with a gain of 0.95% or 0.29 points. The heightened volatility saw the trading volume jump to 24,637 shares. Company has a market cap of $8,419 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.

Brookfield Renewable Energy Partners LP

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