Brookfield Renewable (TSE:BEPC) Sets New 1-Year Low – What’s Next?

Brookfield Renewable Co. (TSE:BEPC)’s share price reached a new 52-week low during trading on Friday . The company traded as low as C$44.83 and last traded at C$44.89, with a volume of 163157 shares traded. The stock had previously closed at C$45.76.

Analyst Upgrades and Downgrades

Separately, Desjardins boosted their price target on shares of Brookfield Renewable from C$48.00 to C$49.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$49.00.

Brookfield Renewable Stock Performance

The company has a 50 day simple moving average of C$48.79 and a 200-day simple moving average of C$52.82. The company has a debt-to-equity ratio of -464.91, a current ratio of 0.40 and a quick ratio of 0.18. The stock has a market cap of C$8.33 billion, a P/E ratio of -2.11, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21.

Brookfield Renewable (TSE:BEPC) last announced its quarterly earnings data on Friday, July 31st. The company reported C($2.95) EPS for the quarter. The firm had revenue of C$1.53 billion for the quarter. Brookfield Renewable had a negative net margin of 110.51% and a positive return on equity of 257.80%. On average, equities analysts expect that Brookfield Renewable Co. will post 2.8461008 earnings per share for the current fiscal year.

Brookfield Renewable Company Profile

Brookfield operates Brookfield Renewable Partners (NYSE: BEP, BEPC TSX: BEP.UN, BEPC), one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.