Brookfield Renewable Corporation (BEPC): Uncovering A True Diamond In The Rough

Brookfield Renewable Corporation (NYSE:BEPC) currently has a daily average trading volume of 1.17M but it saw 803602 shares traded in last market. With a market cap of 11.90B USD, the company’s current market price of $31.80 came rising about 2.95 while comparing to the previous closing price of $30.89. In past 52 weeks, the stock remained buoying in the range of price level as high as $36.16 and as low as $21.35.

Taking a look at 20-day trading activity of Brookfield Renewable Corporation (BEPC) gives us an average price of $26.72, while its current price level is -12.06% below from 52-week high level whereas it is 48.95% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $25.05 while that of 200 days or SMA-200 reads an average of $26.19. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.97% during that period while stretching the period over a month that increases to 3.39%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 81.08 which implies that the stock is in overbought territory.

JP Morgan upgraded its recommendation for the stock as a “Overweight” from “Neutral” on December 09, 2021 while assigning a price target of $52. Wells Fargo issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $47 and $53.

Over the week, BEPC’s stock price is moving 6.04% up while it is 47.43% when we observe its performance for the past one month. Year-to-date it is 10.46% up and over the past year, the stock is showing a downside performance of -11.12%.

Currently, Brookfield Renewable Corporation’s total number of outstanding shares is 179.65M. Company’s return on investment (ROI) stands at 7.17% and return on equity (ROE) at 24.97%. It has a price to earnings ratio (P/E ratio) of 8.52. Stock’s beta reads 1.15. Stock has a price to book (P/B) ratio of 1.95 while price to sale or P/S ratio amounts to 2.95. Its return on asset (ROA) is 3.14% on average.