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Investing.com - RBC Capital has reiterated an Outperform rating on Brookfield Renewable Energy (NYSE:BEP) with a price target of $31.00. The stock, currently trading at $25.79, has shown resilience with a 16.5% return over the past six months and offers a notable 5.85% dividend yield.
The research firm maintained its positive outlook on the renewable energy company in a note issued to investors.
RBC Capital analyst Nelson Ng specifically highlighted that growth visibility for Brookfield Renewable Energy is "stronger than ever."
The $31.00 price target suggests potential upside for the renewable energy producer’s shares from current trading levels.
Brookfield Renewable Energy operates a portfolio of renewable power generating facilities across North America, South America, Europe and Asia.
In other recent news, Brookfield Renewable Partners LP reported its second-quarter 2025 earnings, showcasing a mixed financial performance. The company recorded an earnings per share (EPS) of -$0.22, which fell short of the forecasted -$0.1584. However, Brookfield Renewable delivered a significant revenue surprise, with actual revenues reaching $1.69 billion, surpassing the anticipated $1.02 billion. In related developments, Mizuho has adjusted its price target for Brookfield Renewable Energy stock, raising it to $27.00 from $26.00, while maintaining a Neutral rating. This adjustment follows Mizuho’s attendance at Brookfield Renewable Partners’ analyst day in Toronto, where management reaffirmed its target of over 10% funds from operations (FFO) per unit growth for 2025. These recent developments highlight the company’s ongoing strategies and market responses.
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