Brookfield Renewable Corporation Sees Surge Amid Strategic Partnership with U.S. Department of Commerce

Parnassus Mid Cap Fund highlighted Brookfield Renewable Corporation (BEPC) as a leading contributor in its Q4 2025 investor letter. The company's stock surged due to an $80 billion strategic partnership with the U.S. Department of Commerce to build nuclear reactors for data centers. BEPC closed at $38.98 per share on March 30, 2026, with a market capitalization of $7.03 billion. The fund believes BEPC's solid financial position will provide downside protection in case of a market decline.