Brookfield’s (TSX:BEP.UN) Q4 revenue surges to $1,091M. Buy call?

2 min read | February 04, 2022 09:42 AM EST | By Raza Naqvi

Brookfield’s (TSX:BEP.UN) Q4 revenue surges to $1,091M. Buy call? — Image source: © Solarseven | Megapixl.com

A look at Brookfield Renewable's (TSX:BEP.UN) financial results

As of December 31, 2021, Brookfield Renewable's cash and cash equivalents were worth US$ 764 million, up from US$ 431 million in the same comparable period of the previous year.

In addition, the total assets of the company increased to US$ 55,867 million in 2021 from US$ 49,722 million in 2020.

For the three months ended December 31, Brookfield's revenues were US$ 1,091 million, up from US$ 952 million in the same comparable period. In Q4 2021, the net income was US$ 33 million compared to a net loss of US$ 5 million in Q4 2020.

In the past year, Brookfield Renewable stock declined around 30 per cent and 10.4 per cent year-to-date (YTD).

Bottom line

Brookfield Renewable claimed that it has advanced on its commercial priorities and secured contracts to deliver 11,000-gigawatt hours of clean energy per year.

In 2021, the company commissioned 1,000 megawatts of new capacity and ended the year with over US$ 4 billion of available liquidity.

Also Read: 3 Canadian dividend utility stocks to buy at a low cost

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.