10 Worst Performing Utilities Stocks to Buy According to Analysts

7) Brookfield Renewable Partners L.P. (NYSE:BEP)

% Increase Over Past Year: ~0.17%

Average Upside Potential: ~31.4%

Number of Hedge Fund Holders: 5

Brookfield Renewable Partners L.P. (NYSE:BEP) owns a portfolio of renewable power generating facilities mainly in North America, Colombia, and Brazil. Analyst Elizabelle Pang from DBS reiterated a “Buy” rating on the company’s stock, providing a price target of $33.00. The rating is backed by the robust growth potential and financial stability of the company.  Brookfield Renewable Partners L.P. (NYSE:BEP) remains well-placed to capitalize on positive market trends, including higher demand from data centers and potential M&As.

The analyst opines that the company’s significant capital reserves and strategic asset recycling activities will help its investment strategy without the requirement for additional equity issuance. Given its diversified portfolio and a strong proven track record of providing high dividend yields, Brookfield Renewable Partners L.P. (NYSE:BEP) happens to be a leading player in the broader renewable energy sector, making it a long-term investment opportunity. After several decades of modest electricity demand growth, Brookfield Renewable Partners L.P. (NYSE:BEP) has been witnessing a dramatic shift fueled by the AI revolution. The company’s pipeline of growth opportunities remains strong and is focused on adding platforms and projects to meet the increased demand from corporate buyers of electricity.