Brookfield Renewable Corp Ordinary Shares - Class A (Sub Voting)
BEPC: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 74.00 | Vnqpz | Qfnkfdpc |
Brookfield Renewable Wraps Up an Active 2022, We Expect More of the Same in 2023
We lower our fair value estimate for Brookfield Renewable Corp. to $33 (CAD 44) per share from $34 (CAD 46) following its fourth-quarter results. The primary driver of our lower fair value estimate is a slightly lower terminal multiple as we adjust for Brookfield Renewable's growing share of energy transition investments. We view shares as slightly undervalued at current levels.