Brookfield Renewable Partners (TSE:BEP.UN) Reaches New 52-Week High - Should You Buy?

Key Points

• Shares of Brookfield Renewable Partners hit a new 52-week high of C$47.48 (last C$47.40), up about 3.4% on a volume of 141,220 shares.
• Despite the rally, fundamentals show potential red flags: a negative PE (-188.6), negative net margin (-4.2%), high debt-to-equity (107.8) and weak liquidity (current ratio 0.52, quick ratio 0.45).
• Brookfield Renewable is a globally diversified owner/operator of clean-energy assets with approximately 21 gigawatts of installed capacity across hydro, wind, solar and storage, and it maintains two public listings (BEP.UN/BEP).

Shares of Brookfield Renewable Partners LP (TSE:BEP.UN - Get Free Report) NYSE: BEP reached a new 52-week high on Wednesday . The stock traded as high as C$47.48 and last traded at C$47.40, with a volume of 141220 shares. The stock had previously closed at C$45.60.

Brookfield Renewable Partners Stock Up 3.4%

The company has a 50 day moving average price of C$42.82 and a two-hundred day moving average price of C$40.40. The company has a debt-to-equity ratio of 107.80, a current ratio of 0.52 and a quick ratio of 0.45. The stock has a market cap of C$14.43 billion, a PE ratio of -188.60, a PEG ratio of 8.53 and a beta of 0.94.

Brookfield Renewable Partners (TSE:BEP.UN - Get Free Report) NYSE: BEP last posted its quarterly earnings results on Friday, January 30th. The company reported C$0.74 earnings per share for the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%.The firm had revenue of C($371.30) million during the quarter. Analysts expect that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current year.

Brookfield Renewable Partners Company Profile

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company's portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals approximately 21 gigawatts of installed capacity. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation.

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