UBS Rates Brookfield Renewable Partners (BEP) buy

UBS analyst William Grippin reaffirms a buy rating for Brookfield Renewable Partners, setting a target price of $40, a 15.64% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:11 PM EDT · Updated Jun 18, 2026, 8:01 AM EDT

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UBS rated Brookfield Renewable Partners L.P. ($BEP) "buy" with a $40 price target on June 12, 2026.

Since the rating, $BEP is up 4.1% after 1 week, down 7.2% after 1 month and down 16.2% to date (from the $33.90 close on Jun 12, 2026).

BEP Brookfield Renewable Partners L.P.

$28.40 +5.34% year to date

Daily close · Oct 16, 2026

Key Points

UBS maintains a buy rating on Brookfield Renewable Partners (NYSE: BEP) with a target price of $40, as of June 12, 2026.
UBS's $40 price target implies 15.64% upside from Brookfield Renewable Partners L.P.'s ($BEP) current $34.59 share price.
The stock currently trades at $34.59, which is near its 52-week high of $38.12 and above its 50-day moving average of $32.12.
The average target price from analysts is $35.08, with 13 opinions indicating a generally positive outlook for the stock.

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UBS Reiterates Buy Rating on Brookfield Renewable Partners

UBS analyst William Grippin has reiterated a buy rating for Brookfield Renewable Partners L.P. (NYSE: BEP), setting a target price of $40 as of June 12, 2026. The stock is currently trading at $34.59, which is close to its 52-week high of $38.12.

Why UBS is Optimistic

This reaffirmation of the buy rating comes as Brookfield Renewable Partners continues to perform well in the renewable energy sector. The company's diverse portfolio includes hydroelectric, wind, solar, and other renewable energy sources, which positions it favorably in a growing market. The stock's current price reflects optimism from investors, especially considering its previous close of $29.83.

Analysts Set New Price Targets

Several firms have provided ratings on Brookfield Renewable Partners recently. On October 13, 2026, Morgan Stanley maintained an Overweight rating with a target of $37, down from a previous target of $42. UBS also maintained a buy rating with a target of $34.00 on October 1, 2026, reflecting a slight adjustment from its earlier target of $40. Meanwhile, Barclays kept its Equal-Weight rating with a target of $30, up from $28. JP Morgan downgraded its rating to Neutral with a target of $36 on July 21, 2026. This mix of ratings highlights a generally positive outlook, with the average target price across analysts at $35.08.

Stock Performance Context

Brookfield Renewable Partners is currently trading above its 50-day moving average of $32.12, which is a positive sign for investors. The stock's performance is noteworthy, especially as it has climbed from its 52-week low of $25.10. The market cap stands at approximately $8.92 billion, indicating a solid position in the utilities sector.

12-month forecast

$BEP price target

Brookfield Renewable Partners L.P. daily closes and this analyst's $40 target. Not advice.

What Brookfield Renewable Partners L.P. Does

Brookfield Renewable Partners L.P. owns a range of renewable power generation facilities across North America, Colombia, and Brazil. The company focuses on generating electricity through various renewable sources, including hydroelectric, wind, and solar power. This diverse energy portfolio is crucial as demand for renewable energy continues to rise.

What to Watch at Brookfield Renewable Partners L.P.

Looking ahead, investors should keep an eye on Brookfield Renewable Partners' upcoming earnings report scheduled for November 4, 2026. As the company continues to expand its renewable energy capabilities, further developments in its operations will be important to monitor. Note that the current UBS rating reflects the company's past performance and may not indicate future market conditions.