BEPC Latest Report

Brookfield Renewable's operating revenue decreased by 7.38% to US$987 million as of December 31, 2024, compared to US$1.066 billion as of December 31, 2023. This change reflects the company's pressure in operating revenue, possibly due to the combined effects of market changes, industry competition intensification, and internal operational factors.

Key Financial Data

1. The main reasons for the decline in operating revenue may include increased competition, project delivery delays, changes in the economic environment, and policy factors.

2. Compared with other companies in the same industry, Brookfield Renewable's operating revenue decline of 7.38% needs to be observed to judge the company's own business issues.

3. The overall market performance of the renewable energy industry in 2024 was poor, especially the photovoltaic and wind power sectors performed significantly weaker than grid equipment and energy storage sectors.

Peer Comparison

1. Industry-wide analysis: The overall operating revenue of the renewable energy industry has generally declined, possibly reflecting the challenges faced by the industry as a whole, such as increased competition in the photovoltaic industry and supply-demand imbalances, as well as insufficient downstream customer utilization rates. These factors have led to a decline in the operating revenue and profit performance of related enterprises, indicating that the industry as a whole is under significant pressure.

2. Peer evaluation analysis: According to industry reports, the operating revenue of companies in the same industry in the first nine months of 2024 decreased by -22.16% to -58.93% year-on-year, indicating that the photovoltaic industry as a whole is facing significant pressure. This shows that Brookfield Renewable's performance has declined, but is consistent with the overall industry trend.

Summary

Brookfield Renewable's operating revenue decline is mainly due to the combined effects of increased competition, project delivery delays, changes in the economic environment, and policy factors. Although the overall industry performance is poor, some companies still managed to achieve growth, showing differentiated performance within the industry. It is necessary to pay attention to whether the company can adjust its strategy to cope with market changes in the future.

Opportunities

1. If the company can effectively respond to market competition and improve its pricing strategy, it may achieve revenue growth in the future.

2. With the recovery of the global renewable energy market, Brookfield Renewable can take advantage of the industry recovery to enhance its market share.

3. By actively adjusting its operating strategy in response to policy changes, the company can create potential profit opportunities.

Risks

1. Increased competition in the industry may continue to put pressure on the company's pricing and market share.

2. Project delivery delays may affect short-term revenue realization and increase the company's financial risk.

3. Fluctuations in the macroeconomic environment may affect customer demand and have a negative impact on operating revenue.