Brookfield Renewable Partners (TSE:BEP.UN) Releases Earnings Results

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) announced its earnings results on Saturday. The company reported C($0.56) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$2.10 billion for the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%.

Brookfield Renewable Partners Price Performance

Brookfield Renewable Partners stock opened at C$45.35 on Friday. Brookfield Renewable Partners has a one year low of C$30.64 and a one year high of C$49.31. The company has a debt-to-equity ratio of 107.80, a quick ratio of 0.45 and a current ratio of 0.52. The business has a fifty day moving average of C$44.48 and a two-hundred day moving average of C$41.53. The company has a market cap of C$13.88 billion, a P/E ratio of -181.40, a price-to-earnings-growth ratio of 8.53 and a beta of 0.94.

Analyst Upgrades and Downgrades

Separately, Desjardins increased their price target on Brookfield Renewable Partners from C$45.00 to C$48.00 and gave the stock a “hold” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Brookfield Renewable Partners presently has a consensus rating of “Moderate Buy” and an average target price of C$41.50.

About Brookfield Renewable Partners

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company’s portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals approximately 21 gigawatts of installed capacity. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation.