Brookfield Renewable Corporation (BEPC) Stock: A Closer Look

Brookfield Renewable Corporation [BEPC] stock prices are down -0.11% to $28.49 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BEPC shares have lost -0.80% over the last week, with a monthly amount glided 2.41%, 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.

The stock price of Brookfield Renewable Corporation [BEPC] has been fluctuating between $21.35 and $32.83 over the past year. Brookfield Renewable Corporation [NYSE: BEPC] shares were valued at $28.49 at the most recent close of the market.

Analyzing the BEPC fundamentals

The Brookfield Renewable Corporation [NYSE:BEPC] reported sales of 4.82B for trailing twelve months, representing a drop of -18.27%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.59%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.12 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.57.

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 28.16 points at the first support level, and at 27.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.93, and for the 2nd resistance point, it is at 29.37.

Ratios To Look Out For

It’s worth pointing out that Brookfield Renewable Corporation [NYSE:BEPC]’s Current Ratio is 0.40. As well, the Quick Ratio is 0.40, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 2.21, the price to book ratio is 1.93 and price to earnings (TTM) ratio is 11.19.

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