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When it comes to companies that have been beaten down further and further on the TSX today, Brookfield Renewable Partners LP (TSX:BEP.UN) has to be one of this world. The renewable energy stock had such promise, with shares hitting around $70 per share before losing more than half their value in that time.
And yet, this stock looks like a serious winner at these levels. BEP stock remains one of the top choices in my books for those seeking long-term value. So let’s get into why.
Earnings
Earnings have certainly been a point to contend with for investors seeking BEP stock as an investment. The company continued to miss quarter after quarter in terms of earnings estimates. This has led to more downturns in share price as well.
Instead of looking at how the company has performed then year after year, it might be more prudent to look at BEP and see whether revenue and earnings per share (EPS) have been…
