Brookfield Renewable (TSE:BEPC) Hits New 12-Month Low – Here’s Why

Brookfield Renewable Co. (TSE:BEPC) shares hit a new 52-week low on Thursday . The stock traded as low as C$43.33 and last traded at C$43.43, with a volume of 1058117 shares changing hands. The stock had previously closed at C$43.91.

Wall Street Analyst Weigh In

Separately, Desjardins raised their price objective on shares of Brookfield Renewable from C$48.00 to C$49.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Brookfield Renewable has an average rating of “Hold” and a consensus target price of C$49.00.

Brookfield Renewable Stock Down 1.1%

The company has a 50 day moving average of C$48.04 and a 200-day moving average of C$52.42. The company has a debt-to-equity ratio of -464.91, a current ratio of 0.40 and a quick ratio of 0.18. The company has a market cap of C$8.06 billion, a P/E ratio of -2.04, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21.

Brookfield Renewable (TSE:BEPC) last announced its earnings results on Friday, July 31st. The company reported C($2.95) earnings per share for the quarter. The business had revenue of C$1.69 billion during the quarter. Brookfield Renewable had a positive return on equity of 257.80% and a negative net margin of 110.51%. On average, equities analysts predict that Brookfield Renewable Co. will post 2.8461008 earnings per share for the current year.

About Brookfield Renewable

Brookfield operates Brookfield Renewable Partners (NYSE: BEP, BEPC TSX: BEP.UN, BEPC), one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.