Brookfield Renewable Partners Announces Major Unit Offering to Expand Capital
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Brookfield Renewable Partners L.P. announced an underwriting agreement to issue 15,050,200 limited partnership units at $29.90 each, totaling approximately $450 million. A private placement of 6,967,670 units was also agreed with BEP Holdings LP. This move aims to strengthen Brookfield's capital base for expanding its renewable energy portfolio. The current analyst rating for Brookfield's stock is a Hold with a price target of C$46.00, reflecting strong technical momentum but challenges in financial performance due to high leverage and negative profitability metrics.
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