A Few Bright Spots In Brookfield Renewable Corp (NYSE: BEPC)

Brookfield Renewable Corp (NYSE:BEPC) currently has a daily average trading volume of 1.09M but it saw 1256168 shares traded in last market. With a market cap of 9.66B USD, the company’s current market price of $28.47 came falling about -0.45 while comparing to the previous closing price of $28.60. In past 52 weeks, the stock remained buoying in the range of price level as high as $35.14 and as low as $21.35. In the recent trading on the day, stock has struck highest price mark of $27.68 while lowest mark touched by it was $28.55.

Taking a look at 20-day trading activity of Brookfield Renewable Corp (BEPC) gives us an average price of $28.45, while its current price level is -18.98% below from 52-week high level whereas it is 33.35% 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 $27.56 while that of 200 days or SMA-200 reads an average of $29.10. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.77% during that period while stretching the period over a month that increases to 2.97%. 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 52.37 which implies that the stock is in neutral territory.

JP Morgan upgraded its recommendation for the stock as a “Overweight” from “Neutral” on December 12, 2024 while assigning a price target range of $32-$34.

Over the week, BEPC’s stock price is moving 1.50% up while it is 6.67% when we observe its performance for the past one month. Year-to-date it is 2.93% up and over the past year, the stock is showing an upside performance of 15.97%.

The company is expected to be releasing its next quarterly report on 2025-Feb-02, for which analysts forecasted an EPS of -0.25 while estimate for next year EPS is -1.13. In next quarter, company is expected to be making quarterly sales of $2.38B as analysts are expecting the sales for current fiscal year at $8.31B and seeing the company making $9.02B in sales next year. Moreover, analysts are in estimates of $2.27B for current-quarter revenue.

Currently, Brookfield Renewable Corp’s total number of outstanding shares is 179.64M with 0.05% of that held by the insiders while 69.02% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 1.45% and return on equity (ROE) at 6.15%. It has a price to earnings ratio (P/E ratio) of 36.24. Stock’s beta reads 1.12. Stock has a price to book (P/B) ratio of 5.52 while price to sale or P/S ratio amounts to 1.97. Its return on asset (ROA) is 0.46% on average.