Brookfield Renewable Corporation (BEPC) has renewed its normal course issuer bid, allowing the company to repurchase up to 5% of its outstanding LP Units and Exchangeable Shares, and up to 10% of the public float of each series of Preferred Units. The bid, approved by the Toronto Stock Exchange, will begin on December 18, 2025 and run through December 17, 2026 unless the company completes the repurchases earlier.
Under the renewed bid, BEPC can buy back a maximum of 15,296,104 LP Units and 7,244,255 Exchangeable Shares. For Preferred Units, the program authorizes a repurchase of approximately 10% of the public float for each series, subject to TSX daily limits. The company has already repurchased 1,522,975 LP Units at an average price of CDN$31.94, demonstrating its willingness to use excess liquidity to return value to shareholders.
The renewal is part of BEPC’s broader capital‑recycling strategy, which seeks to fund higher‑return development projects while maintaining an investment‑grade credit profile. By expanding the repurchase program, the company gains flexibility to acquire shares when market prices fall below perceived intrinsic value, thereby supporting shareholder value and potentially stabilizing the share price in a volatile renewable‑energy sector.
BEPC’s operating portfolio includes 35,000 megawatts of renewable capacity and a development pipeline of 200,000 megawatts. The company’s diversified mix of hydroelectric, wind, solar, and storage assets underpins its long‑term growth prospects and provides a solid foundation for the capital‑allocation decisions reflected in the new bid.
Management emphasized that the program “provides flexibility to use available funds to purchase LP Units, Preferred Units, Exchangeable Shares or Preferred Shares, as applicable, should they be trading in price ranges that do not fully reflect their value, representing an attractive use of available funds.” This statement signals confidence in the company’s valuation and a commitment to shareholder returns.
In a sector marked by higher interest rates and policy uncertainty, the renewal of the buyback program serves as a confidence signal to investors. It demonstrates BEPC’s readiness to deploy capital efficiently and reinforces its position as a leading renewable‑energy operator with a robust pipeline and a disciplined capital‑allocation framework.
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