Brookfield Renewable (TSE:BEPC) Hits New 12-Month Low – Here’s What Happened

Brookfield Renewable Co. (TSE:BEPC) shares reached a new 52-week low during mid-day trading on Friday . The stock 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.

Wall Street Analyst Weigh In

Separately, Desjardins increased their price target on 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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$49.00.

Brookfield Renewable Stock Performance

The firm has a market capitalization of C$8.33 billion, a price-to-earnings ratio of -2.11, a P/E/G ratio of 0.84 and a beta of 1.21. The company has a quick ratio of 0.18, a current ratio of 0.40 and a debt-to-equity ratio of -464.91. The stock’s fifty day moving average is C$48.62 and its two-hundred day moving average is C$52.77.

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