Brookfield Renewable Partners LP (BEP) kicked off at the price of $23.98: Venture capitalists have an exciting new opportunity

On Tuesday, Brookfield Renewable Partners LP (NYSE: BEP) opened higher 2.48% from the last session, before settling in for the closing price of $23.40. Price fluctuations for BEP have ranged from $19.29 to $29.56 over the past 52 weeks.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Utilities Sector giant saw their annual sales surged by 3.48% over the last five years. Company’s average yearly earnings per share was noted 92.13% at the time writing. With a float of $274.94 million, this company’s outstanding shares have now reached $284.11 million.

The firm has a total of 5270 workers. Let’s measure their productivity. In terms of profitability, gross margin is 47.15%, operating margin of 25.79%, and the pretax margin is -5.69%.

Brookfield Renewable Partners LP (BEP) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Utilities – Renewable industry is another important factor to consider. The insider ownership of Brookfield Renewable Partners LP is 3.23%, while institutional ownership is 65.51%.

Brookfield Renewable Partners LP (BEP) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 92.13% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 29.83% during the next five years compared to -6.51% drop over the previous five years of trading.

Brookfield Renewable Partners LP (NYSE: BEP) Trading Performance Indicators

Check out the current performance indicators for Brookfield Renewable Partners LP (BEP). In the past quarter, the stock posted a quick ratio of 0.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.16.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.01, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach -0.01 in one year’s time.

Technical Analysis of Brookfield Renewable Partners LP (BEP)

Analysing the last 5-days average volume posted by the [Brookfield Renewable Partners LP, BEP], we can find that recorded value of 0.53 million was lower than the volume posted last year of 0.74 million. As of the previous 9 days, the stock’s Stochastic %D was 86.26%. Additionally, its Average True Range was 0.66.

During the past 100 days, Brookfield Renewable Partners LP’s (BEP) raw stochastic average was set at 96.30%, which indicates a significant decrease from 99.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.02% in the past 14 days, which was lower than the 34.51% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $22.43, while its 200-day Moving Average is $23.97. Now, the first resistance to watch is $24.20. This is followed by the second major resistance level at $24.41. The third major resistance level sits at $24.84. If the price goes on to break the first support level at $23.56, it is likely to go to the next support level at $23.13. Now, if the price goes above the second support level, the third support stands at $22.92.

Brookfield Renewable Partners LP (NYSE: BEP) Key Stats

There are currently 283,808K shares outstanding in the company with a market cap of 6.81 billion. Presently, the company’s annual sales total 6,503 M according to its annual income of -181,000 K. Last quarter, the company’s sales amounted to 1,750 M and its income totaled -83,000 K.