Brookfield Renewable (TSE:BEPC) Stock Jumps 0.1% - Time to Buy?

Key Points

• Brookfield Renewable shares rose 0.1% to C$41.38, with trading volume 13% above the average session level.
• Desjardins raised its price target from C$48 to C$49 but maintained a “Hold” rating; the stock has an average analyst rating of “Hold” and a C$49 target.
• The company reported quarterly revenue of C$1.69 billion and a loss of C$2.95 per share, alongside a negative net margin of 110.51%.

Brookfield Renewable Co. (TSE:BEPC - Get Free Report) shares were up 0.1% on Thursday. The company traded as high as C$42.16 and last traded at C$41.38. 367,505 shares were traded during mid-day trading, an increase of 13% from the average session volume of 325,307 shares. The stock had previously closed at C$41.35.

Wall Street Analyst Weigh In

Separately, Desjardins boosted their target price on shares of Brookfield Renewable from C$48.00 to C$49.00 and gave the stock a "hold" rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Brookfield Renewable has an average rating of "Hold" and an average price target of C$49.00.

Brookfield Renewable Price Performance

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 firm has a market cap of C$7.68 billion, a price-to-earnings ratio of -1.95, a PEG ratio of 0.84 and a beta of 1.10. The stock has a 50-day moving average price of C$42.20 and a 200 day moving average price of C$50.53.

Brookfield Renewable (TSE:BEPC - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported C($2.95) EPS for the quarter. Brookfield Renewable had a positive return on equity of 257.80% and a negative net margin of 110.51%. The firm had revenue of C$1.69 billion for the quarter. As a group, equities research analysts forecast that Brookfield Renewable Co. will post 2.85 earnings per share for the current fiscal year.

Brookfield Renewable Company Profile

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.

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