Brookfield Renewable Partners LP (NYSE: BEP): Retirees Don’t Worry About Volatility

Brookfield Renewable Partners LP (NYSE:BEP) currently has a daily average trading volume of 628.24K but it saw 624893 shares traded in last market. With a market cap of 6.45B USD, the company’s current market price of $22.71 came rising about 1.29 while comparing to the previous closing price of $22.42. In past 52 weeks, the stock remained buoying in the range of price level as high as $29.56 and as low as $19.29.

Taking a look at 20-day trading activity of Brookfield Renewable Partners LP (BEP) gives us an average price of $22.20, while its current price level is -23.17% below from 52-week high level whereas it is 17.73% 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 $22.36 while that of 200 days or SMA-200 reads an average of $23.99. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.80% during that period while stretching the period over a month that increases to 3.02%. 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 54.58 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 of $30. UBS issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $24 and $31.

Over the week, BEP’s stock price is moving -2.07% down while it is 12.65% when we observe its performance for the past one month. Year-to-date it is -0.35% down and over the past year, the stock is showing a downside performance of -14.78%.

Currently, Brookfield Renewable Partners LP’s total number of outstanding shares is 284.11M with 0.00% of that held by the insiders while 66.38% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.86% and return on equity (ROE) at -5.97%. Stock’s beta reads 1.04. Stock has a price to book (P/B) ratio of 1.88 while price to sale or P/S ratio amounts to 1.10. Its return on asset (ROA) is -0.30% on average.