Brookfield Renewable (TSE:BEPC) Sets New 1-Year Low – Here’s Why

Brookfield Renewable Co. (TSE:BEPC) reached a new 52-week low on Thursday . The stock traded as low as C$43.33 and last traded at C$43.43, with a volume of 1058117 shares trading hands. The stock had previously closed at C$43.91.

Wall Street Analyst Weigh In

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

Brookfield Renewable Stock Performance

The firm has a market capitalization of C$8.15 billion, a price-to-earnings ratio of -2.07, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21. The firm’s 50-day moving average price is C$47.65 and its two-hundred day moving average price is C$52.25. The company has a debt-to-equity ratio of -464.91, a quick ratio of 0.18 and a current ratio of 0.40.

Brookfield Renewable (TSE:BEPC) last posted its quarterly earnings results on Friday, July 31st. The company reported C($2.95) earnings per share (EPS) for the quarter. The business had revenue of C$1.69 billion during the quarter. Brookfield Renewable had a positive return on equity of 257.80% and a negative net margin of 110.51%. Sell-side analysts predict that Brookfield Renewable Co. will post 2.8461008 earnings per share for the current year.

About Brookfield Renewable

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.