Brookfield Renewable: Revisiting The Thesis After Trump's Victory
- I was very bullish on BEP earlier this year.
- However, Donald Trump's victory caused the market to initially sell off BEP units aggressively.
- I revisit the investment thesis in light of the recent US election results as well as BEP's recently reported Q3 results.
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I last covered Brookfield Renewable (NYSE:BEP)(NYSE:BEPC) in April, assigning it a Strong Buy rating. Since then, the stock has rewarded our confidence and returned ~18%. Recently, however, it has faced volatility as the market has grappled with rising long-term interest rates and a
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