A new trading day began on Tuesday, with Brookfield Renewable Partners LP (NYSE: BEP) stock price down -5.68% from the previous day of trading, before settling in for the closing price of $31.15. BEP’s price has ranged from $19.29 to $32.72 over the past 52 weeks.
A company in the Utilities sector has dropped its sales by -6.51% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 100.56%. With a float of $281.29 million, this company’s outstanding shares have now reached $283.90 million.
Brookfield Renewable Partners LP (BEP) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Renewable Industry. The insider ownership of Brookfield Renewable Partners LP is 0.90%, while institutional ownership is 36.94%.
Brookfield Renewable Partners LP (BEP) Performance Highlights and Predictions
In its latest quarterly report, released on 12/31/2024, the company reported earnings of -0.06 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 100.56% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.25% 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
Here are Brookfield Renewable Partners LP’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.87, a number that is poised to hit -0.32 in the next quarter and is forecasted to reach 0.37 in one year’s time.
Technical Analysis of Brookfield Renewable Partners LP (BEP)
Let’s dig in a bit further. During the last 5-days, its volume was 0.9 million. That was better than the volume of 0.63 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 38.81%.
During the past 100 days, Brookfield Renewable Partners LP’s (BEP) raw stochastic average was set at 61.12%, which indicates a significant increase from 22.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.91 in the past 14 days, which was higher than the 0.66 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.52, while its 200-day Moving Average is $24.83. However, in the short run, Brookfield Renewable Partners LP’s stock first resistance to watch stands at $29.54. Second resistance stands at $29.71. The third major resistance level sits at $29.91. If the price goes on to break the first support level at $29.17, it is likely to go to the next support level at $28.97. Assuming the price breaks the second support level, the third support level stands at $28.80.
Brookfield Renewable Partners LP (NYSE: BEP) Key Stats
With a market capitalization of 8.34 billion, the company has a total of 283,904K Shares Outstanding. Currently, annual sales are 6,503 M while annual income is -181,000 K. The company’s previous quarter sales were 1,915 M while its latest quarter income was -47,000 K.
