Why Brookfield Renewable Partners Stock Popped Friday

Brookfield Renewable Partners (NYSE: BEP) had a good year in 2020, and its stock price reflected that, rising about 75% for the year. Last week, Brookfield Renewable reported funds from operations (FFO) -- a widely accepted measure of cash generation for asset-heavy businesses -- grew 21% in the first quarter of 2021 compared to the prior-year period. In the first quarter, Brookfield also said it invested or agreed to invest about $400 million of its own equity in transactions for onshore and offshore wind, utility scale solar, and generation assets in the United States, Europe, and India.