What To Know About JP Morgan's Downgrade of Brookfield Renewable

JP Morgan downgraded its rating of Brookfield Renewable BEP to Neutral with a price target of $28.00, changing its price target from $36.00 to $28.00.

Shares of Brookfield Renewable are trading down 0.88% over the last 24 hours, at $23.71 per share.

A move to $28.00 would account for a 18.09% increase from the current share price.

About Brookfield Renewable

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company's portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals over 20 gigawatts of installed capacity. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.