In yesterday’s Wall Street session, Brookfield Renewable Partners LP (NYSE:BEP) shares traded at $28.60, up 2.22% from the previous session.
BEP stock price is now 20.70% away from the 50-day moving average and 17.87% away from the 200-day moving average. The market capitalization of the company currently stands at $8.21B.
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With the price target reduced from $34 to $25, UBS Downgraded its rating from Buy to Neutral for Brookfield Renewable Partners LP (NYSE: BEP). , while ‘Raymond James’ rates the stock as ‘Strong Buy’
A total of 3.43% of the company’s stock is owned by insiders.
During the past 12 months, Brookfield Renewable Partners LP has had a low of $19.92 and a high of $32.28. As of last week, the company has a debt-to-equity ratio of 6.51, a current ratio of 0.56, and a quick ratio of 0.55. The fifty day moving average price for BEP is $23.8132 and a two-hundred day moving average price translates $24.2745 for the stock.
The latest earnings results from Brookfield Renewable Partners LP (NYSE: BEP) was released for 2024-03-31. According to the Utilities – Renewable Company, earnings per share came in at -0.1, missing analysts’ expectations of -0.03 by -0.07. This compares to -$0.09 EPS in the same period last year. The net profit margin was -2.67% and return on equity was -1.94% for BEP. The company reported revenue of $1.53 billion for the quarter, compared to $1.36 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.45 percent. For the current quarter, analysts expect BEP to generate $1.59B in revenue.
