Brookfield Renewable Partners LP (BEP)

“The United States will not accept any environmental agreement that harms the interests of the American people. The International Maritime Organization’s proposal for a “Net-Zero Framework” is a tax on Americans levied by an unaccountable UN organization.” $BEP

Does BEP own Westinghouse?

No, Brookfield Business Partners (BBU) does not currently own Westinghouse. While BBU did own Westinghouse previously, they sold it in a transaction that closed in November 2023 to a consortium of Brookfield Renewable Partners (BEP) and Cameco. Brookfield Renewable Partners now owns a 51% majority stake in Westinghouse, with Cameco holding the remaining 49%.
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What's Brookfield Renewable Partners' strategy for Westinghouse?

Brookfield Renewable Partners (BEP) and its partner, Cameco, view the acquisition of Westinghouse as a strategic opportunity aligned with their focus on the clean energy transition and global decarbonization efforts
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Here's a breakdown of their strategy:

Capitalizing on Nuclear's Resurgence: BEP recognizes the crucial role of nuclear power as a clean, reliable, and baseload energy source for achieving net-zero emissions. They anticipate significant growth in the nuclear energy market driven by factors like energy security concerns and decarbonization trends globally.

Leveraging Existing Strengths: Westinghouse is a global leader in nuclear services and technology with a strong market presence across the entire nuclear value chain. BEP's investment aims to strengthen this position further and enable Westinghouse to capture the benefits of projected market growth.

Building on Foundational Business: Westinghouse's core business revolves around providing essential services and products to operating nuclear plants, characterized by long-term contracts and high customer retention rates, according to Brookfield Renewable Partners. BEP expects this stable, contracted revenue stream to provide a strong foundation for future growth and profitability.

Targeting Growth Opportunities: BEP sees multiple avenues for expanding Westinghouse's business:
Core Fuel and Services: Expanding business in its established segments of nuclear fuel and services.

Plant Extensions and Uprates: Supporting the growing demand for extending the operational lifespan and increasing the output of existing nuclear power plants.

New Nuclear Builds: Capitalizing on the rising demand for new utility-scale and modular baseload nuclear power generation, including Westinghouse's AP1000® reactor design and the AP300™ small modular reactor (SMR).

Strategic Partnership with Cameco: The collaboration with Cameco, a major uranium supplier, is crucial. It aligns Cameco's upstream expertise in uranium production and fuel services with Westinghouse's downstream capabilities in fabrication and services. This integrated approach allows them to offer a more competitive and secure nuclear fuel solution to utility customers, potentially improving access to fuel supplies sourced from North America and Europe.

Investing in Advanced Technologies: Brookfield also sees the potential in Westinghouse's development of next-generation nuclear technologies, like the AP300 SMR and eVinci™ microreactor, according to their press release. These smaller, more adaptable reactors can provide carbon-free baseload power for various applications beyond traditional electricity generation, such as industrial use, remote communities, and even defense facilities.

In essence, Brookfield Renewable Partners' strategy for Westinghouse involves leveraging its strong market position, expanding its services offerings, and capitalizing on the growing global demand for nuclear energy as a key component of the clean energy transition. They aim to drive both financial returns and environmental impact through this investment.
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Looking at the weekly chart, the stock hit a high of $50 and has put in a triple bottom at $20. The OBV bottomed in Jan 2025 and has turned up. The stock is presently paying a 5.7% dividend.

Weekly Chart

Grabbed a bunch at 21.85

grabbed the 22's here for swing trade again, will add on dip.

grabbed the 22's here for swing trade again, will add on dip.

reduced my position here few weeks back, will grab some again if it goes to low 20's again gl

disappointing, been a laggard compared to rest of the market

disappointing, been a laggard compared to rest of the market

28's :)

nice 27's up big boards where it's at for now.

26.40 get that pop on fed rat cut announcement and then profit taking.

Sep almost here start cutting fed and utilities sector will bounce back

24's get that interest rate cut going in september and this goes to at least 30-40 next year.

there it is grabbed high 22's for trading shares

getting close to re-entry on trading shares if market don't cooperate tomorrow chance for 23's

27's again utilities sector will be one of the hottest when they announce interest rate cut

26's again,

grabbed some trading shares here again for trade will add if it dips to 22-23 area

didn't hold the 26's

if it holds here will get some for trade

dipping 26 support area

dipping 26 support area

holding steady here

bep 28's again and still no rate cuts, when they do utilities sector will be first to really pop, they have been lagging past few years

hit 28.32

28's :) next resis at 30's now.

hit 27 :)

will add to longer term shares if it gets back to 23-24 range

26.36's

wheeeee :)

25's now market jumping, job growth less than expected, unemployment rose, i know should have opposite effect lol but means more chance of interest rate cuts which will help utilities stock.

sold trading shares, riding rest for long term will add if it dips again.

24's hit :)

next resis at 24 area if it can break that then should consolidate in the 21-22 area again

23.50's new high of the day :) market cooperationg on fed comments chomp chomp

should see more funds getting in for longer term now, the news with microsoft was great.

23's :)

finally 22.20 if market co operates and the decision is backed in chance for 23-24 area again imo

break 22 you biatch and continue new uptrend news was good see if market cooperate

nice deal with microsoft

adding if it hit 20 again

inflation higher than expected, again utilities sector won't go until they cut which is gonna take longer than expected.

24's again utilities is the last sector that has been underperforming, should be one of the best this year if multiple interest rates cuts come.

24's today

added 23's today, also got orders in lower if it test 20-21 area again

getting cheap again for adds

27's holding steady

bep 26.73 nice wil, should hit at least 30's next year.

cuts coming next year, opening up the credit market, making more available for them to use for m and a, etc Even if the economy slows down.

as long as the potential interest rates cuts coming should see a continued bounce back on the big boards next year. Jobs report this friday will be the key.