Brookfield Renewable Corporation (BEPC) Is A Stock You Should Watch

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As of Friday close, Brookfield Renewable Corporation’s (NYSE:BEPC) stock was down -$0.15, moving down -0.37 percent to $40.23. The average number of shares traded per day over the past five days has been 530,620 shares. 3 times new highs have been achieved over the past 5 days, with a $0.41 gain in that time frame. In the last twenty days, the average volume was 468,045, while in the previous 50 days, it was 492,930.

Since last month, BEPC stock retreated -1.83%. Shares of the company fell to $37.64 on 09/01/22, the lowest level in the past month. A 52-week high of $44.41 was reached on 04/01/22 after having rallying from a 52-week low of $31.10. Since the beginning of this year, BEPC’s stock price has risen by 9.23% or $3.40, and marked a new high 13 times. However, the stock has declined by -9.41% since its 52-week high.


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Valuation Metrics

Right now, Brookfield Renewable Corporation (BEPC) has a P/E ratio of about 35.17. Besides these, the trailing price-to-sales (P/S) ratio of 1.90, the price-to-book (PB) ratio of 3.82.

The latest dividend of $0.32 per share was paid out, remained unchanged from last year’s $0.32. On Friday February 4 2022, a $0.0163 dividend increase was announced.

Financial Health

In the three months ended June 29, Brookfield Renewable Corporation’s quick ratio stood at 0.30, while its current ratio was 0.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 3.30, and the total debt-to-equity ratio was 3.67. On the profitability front, the trailing twelve-month gross margin is 67.40% percent. In the year ended June 29, operating margins totaled 49.10%. Based on annual data, BEPC earned $2.24 billion in gross profit and brought in $3.43 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 10.60%. Return on equity (ROE) for the past 12 months was 13.70%.

In Brookfield Renewable Corporation’s quarter-end financial report for June 29, it reported total debt of $636.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Brookfield Renewable Corporation to report -$0.03 quarterly earnings, the actual figure was -$0.13 per share, beating the consensus estimate by -333.30%. During the quarter, the company generated $664.0 million in EBITDA. The liabilities of Brookfield Renewable Corporation were 27.94 billion at the end of its most recent quarter ended June 29, and its total debt was $13.77 billion.

Technical Picture

This quick technical analysis looks at Brookfield Renewable Corporation’s (BEPC) price momentum. With a historical volatility rate of 14.48%, the RSI 9-day stood at 58.53% on 16 September.

With respect to its five-day moving average, the current Brookfield Renewable Corporation price is up by +1.03% percent or $0.41. At present, BEPC shares trade -3.13% below its 20-day simple moving average and +8.26% percent above its 100-day simple moving average. However, the stock is currently trading approximately +10.64% above its SMA50 and +8.64% above its SMA200.

Stochastic coefficient K was 91.52% and Stochastic coefficient D was 85.97%, while ATR was 0.75. Given the Stochastic reading of 87.50% for the 14-day period, the RSI (14) reading has been calculated as 56.18%. As of today, the MACD Oscillator reading stands at 0.61, while the 14-day reading stands at 1.01.

Analyst Ratings

JP Morgan upgraded its rating on Brookfield Renewable Corporation (NYSE: BEPC) to an Overweight in a note to investors on December 09, 2021. The analysts firm previously had a Neutral rating on the stock.Brookfield Renewable Corporation (BEPC) has been rated Overweight by analysts. According to 0 brokerage firms, BEPC is a sell, and 0 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Brookfield Renewable Corporation stock as buy, with 3 recommending it as overweight.

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