Brookfield Renewable Partners LP (BEP) Shares Rise Despite Market Challenges

The stock price of Brookfield Renewable Partners LP (NYSE: BEP) has surged by 1.63 when compared to previous closing price of 20.25, but the company has seen a -5.42% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-18 that Dividend investing can provide exceptional long-term wealth compounding and financial independence. However, dividend investing is far from easy. We share three of some of the biggest mistakes that dividend investors often make.

Is It Worth Investing in Brookfield Renewable Partners LP (NYSE: BEP) Right Now?

The 36-month beta value for BEP is at 0.91. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”

The public float for BEP is 277.02M, and currently, shorts hold a 1.17% of that float. The average trading volume for BEP on April 19, 2024 was 486.78K shares.

BEP’s Market Performance

BEP’s stock has seen a -5.42% decrease for the week, with a -6.37% drop in the past month and a -18.72% fall in the past quarter. The volatility ratio for the week is 2.88%, and the volatility levels for the past 30 days are at 2.61% for Brookfield Renewable Partners LP The simple moving average for the past 20 days is -7.60% for BEP’s stock, with a -16.95% simple moving average for the past 200 days.

Analysts’ Opinion of BEP

Many brokerage firms have already submitted their reports for BEP stocks, with UBS repeating the rating for BEP by listing it as a “Neutral.” The predicted price for BEP in the upcoming period, according to UBS is $25 based on the research report published on November 17, 2023 of the previous year 2023.

RBC Capital Mkts, on the other hand, stated in their research note that they expect to see BEP reach a price target of $29. The rating they have provided for BEP stocks is “Outperform” according to the report published on November 13th, 2023.

Raymond James gave a rating of “Strong Buy” to BEP, setting the target price at $37 in the report published on September 25th of the previous year.

BEP Trading at -10.01% from the 50-Day Moving Average

After a stumble in the market that brought BEP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.18% of loss for the given period.

Volatility was left at 2.61%, however, over the last 30 days, the volatility rate increased by 2.88%, as shares sank -8.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.25% lower at present.

During the last 5 trading sessions, BEP fell by -5.42%, which changed the moving average for the period of 200-days by -30.66% in comparison to the 20-day moving average, which settled at $22.18. In addition, Brookfield Renewable Partners LP saw -21.69% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for BEP

Current profitability levels for the company are sitting at:

  • 0.26 for the present operating margin
  • 0.51 for the gross margin

The net margin for Brookfield Renewable Partners LP stands at 0.03. The total capital return value is set at 0.02. Equity return is now at value -1.04, with -0.07 for asset returns.

Based on Brookfield Renewable Partners LP (BEP), the company’s capital structure generated 0.86 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 6.3. The interest coverage ratio of the stock is 0.81.

Currently, EBITDA for the company is 2.83 billion with net debt to EBITDA at 9.03. When we switch over and look at the enterprise to sales, we see a ratio of 6.85. The receivables turnover for the company is 2.02for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.57.

Conclusion

In conclusion, Brookfield Renewable Partners LP (BEP) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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