That’s why I Feel Comfortable With Brookfield Renewable Corporation’s (BEPC) Future

A share price of Brookfield Renewable Corporation [BEPC] is currently trading at $25.71, up 10.63%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BEPC shares have gain 9.40% over the last week, with a monthly amount glided 3.46%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, JP Morgan upgraded its rating to Overweight on December 09, 2021, and kept the price target unchanged to $52. On April 26, 2021, upgrade upgraded it’s rating to Overweight and revised its price target to $53 on the stock. JP Morgan started tracking the stock assigning a Neutral rating. Wells Fargo downgraded its rating to a Underweight. Wells Fargo downgraded its rating to Equal Weight for this stock on October 08, 2020, and upped its price target to $60. In a note dated August 04, 2020, Wells Fargo initiated an Overweight rating and provided a target price of $51 on this stock.

Brookfield Renewable Corporation experienced fluctuations in its stock price throughout the past year between $21.35 and $36.16. Brookfield Renewable Corporation [NYSE: BEPC] shares were valued at $25.71 at the most recent close of the market.

Analyzing the BEPC fundamentals

Trailing Twelve Months sales for Brookfield Renewable Corporation [NYSE:BEPC] were 3.97B which represents 11.51% growth. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.49%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.78.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.93 points at the first support level, and at 22.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.82, and for the 2nd resistance point, it is at 27.92.

Brookfield Renewable Corporation [BEPC] reported earnings per share of $0.01 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.14/share, meaning a difference of $0.15 and a surprise factor of 107.10%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.14 per share as compared to estimates of -$0.1 per share, a difference of -$0.04 representing a surprise of -40.00%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Brookfield Renewable Corporation [NYSE:BEPC] is 0.40. In addition, the Quick Ratio stands at 0.39 and the Cash Ratio stands at 0.1. Considering the valuation of this stock, the price to sales ratio is 2.42, the price to book ratio is 1.66.

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