NYSE:BEPC

Brookfield Renewable (BEPC) Stock Forecast, Price & News

$23.66

-0.28 (-1.17%)

(As of 09:52 AM ET)

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Today's Range: $23.65
▼
$24.09
50-Day Range: $23.94
▼
$32.09
52-Week Range: $23.61
▼
$36.16

Volume: 71,173 shs
Average Volume: 620,404 shs
Market Capitalization: $4.25 billion

P/E Ratio: N/A
Dividend Yield: 5.71%
Price Target: $34.00

Brookfield Renewable MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 42.0% Upside
$34.00 Price Target
Short Interest: Healthy
2.05% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: +2.17
Upright™ Environmental Score
News Sentiment: 1.00
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.39) to ($0.15) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.76 out of 5 stars

Oils/Energy Sector

50th out of 251 stocks

Electric Services Industry

11th out of 40 stocks

3.5

Analyst's Opinion

Consensus Rating
Brookfield Renewable has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $34.00, Brookfield Renewable has a forecasted upside of 42.0% from its current price of $23.94.
Amount of Analyst Coverage
Brookfield Renewable has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.05% of the float of Brookfield Renewable has been sold short.
Short Interest Ratio / Days to Cover
Brookfield Renewable has a short interest ratio ("days to cover") of 6.5.
Change versus previous month
Short interest in Brookfield Renewable has recently decreased by 22.57%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Leadership
Brookfield Renewable is a leading dividend payer. It pays a dividend yield of 5.64%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Brookfield Renewable has only been increasing its dividend for 2 years.

4.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Brookfield Renewable has received a 68.17% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Electricity produced with run-of-river hydropower", "Electricity produced with storage hydropower", and "Electricity produced with wind power" products. See details.
Environmental Sustainability
The Environmental Impact score for Brookfield Renewable is 2.17.

2.8

News and Social Media Coverage

News Sentiment
Brookfield Renewable has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Brookfield Renewable this week, compared to 2 articles on an average week.
Search Interest
Only 13 people have searched for BEPC on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.
MarketBeat Follows
10 people have added Brookfield Renewable to their MarketBeat watchlist in the last 30 days. This is an increase of 43% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Brookfield Renewable insiders have not sold or bought any company stock.
Percentage Held by Institutions
66.15% of the stock of Brookfield Renewable is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Brookfield Renewable are expected to grow in the coming year, from ($0.39) to ($0.15) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Brookfield Renewable is -39.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Brookfield Renewable is -39.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Brookfield Renewable has a P/B Ratio of 0.25. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Brookfield Renewable (NYSE:BEPC) Stock

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, and solar power plants with an installed capacity of approximately 12,857 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.

BEPC Price History

30 days | 90 days | 365 days | Advanced Chart

BEPC Stock News Headlines

September 24, 2023 | americanbankingnews.com

Brookfield Renewable (NYSE:BEPC) PT Lowered to $34.00

August 31, 2023 | msn.com

Dividend Dynamo: Brookfield Renewable Has Grown This Magnificent Business 760% in Just 6 Years

October 2, 2023 | Wall Street Fundamentals (Ad)

How is This "Hidden Gem" Thriving in a Turbulent Market?

While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.

August 18, 2023 | finance.yahoo.com

Brookfield Renewable Corporation (TSE:BEPC) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

August 11, 2023 | msn.com

High-Yield Stocks: Down 31%, This Ultra-Safe Dividend Stock Is a Buy

August 4, 2023 | finanznachrichten.de

Brookfield Renewable Partners L.P.: Brookfield Renewable Reports 10% FFO Per Unit Growth

August 4, 2023 | msn.com

Brookfield Renewable Corporation FFO of $0.48 in-line, revenue of $1.21B misses by $180M

August 4, 2023 | finance.yahoo.com

Brookfield Renewable Reports 10% FFO Per Unit Growth

October 2, 2023 | Wall Street Fundamentals (Ad)

How is This "Hidden Gem" Thriving in a Turbulent Market?

August 3, 2023 | seekingalpha.com

Brookfield Renewable Corporation Q2 2023 Earnings Preview

August 3, 2023 | msn.com

Brookfield Renewable Corporation - (BEPC) Price Target Decreased by 10.59% to 38.76

August 3, 2023 | benzinga.com

Brookfield Renewable's Earnings: A Preview

July 30, 2023 | msn.com

Bargain Hunting With $1,000? Consider These 3 Dividend Stocks

July 25, 2023 | theglobeandmail.com

Don't Worry If You Missed Out on the 2023 Market Rally Because These 3 Stocks Are Still Dirt-Cheap

July 16, 2023 | msn.com

3 Dividend Stocks You Shouldn't Hesitate to Buy

July 6, 2023 | msn.com

Brookfield Renewable Continues To Help Reduce Our Reliance On Fossil Fuels

June 20, 2023 | finance.yahoo.com

Urban Grid Expands Leadership Team Naming General Counsel and VP Asset Management

June 13, 2023 | benzinga.com

What Happened To Brookfield Renewable Partners Stock Tuesday?

June 13, 2023 | finanznachrichten.de

Brookfield Renewable Partners L.P.: Brookfield Renewable to Acquire Duke Energy Renewables

June 12, 2023 | finance.yahoo.com

Duke Energy to sell utility-scale Commercial Renewables business to Brookfield for $2.8 billion

May 26, 2023 | benzinga.com

Brookfield Renewable Stock (NYSE:BEPC), Insider Trading Activity

May 22, 2023 | theglobeandmail.com

Closing Bell: Brookfield Renewable Corp up on Friday (BEPC)

May 15, 2023 | msn.com

Canadian Renewable Resources: Invest in Green Energy for a Sustainable Future

May 8, 2023 | msn.com

Wells Fargo Maintains Brookfield Renewable Corporation - (BEPC) Overweight Recommendation

May 8, 2023 | msn.com

Brookfield Renewable Corporation declares $0.3375 dividend

May 6, 2023 | finance.yahoo.com

Investors Holding Back On Brookfield Renewable Corporation (TSE:BEPC)

May 5, 2023 | msn.com

Brookfield Renewable: Q1 Earnings Insights

See More Headlines

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BEPC Company Calendar

Last Earnings: 8/04/2023
Ex-Dividend for 9/29 Dividend: 8/30/2023
Dividend Payable: 9/29/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/03/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Electric services
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:BEPC
CUSIP: N/A
CIK: 1791863
Web: bep.brookfield.com
Phone: 212-417-7000
Fax: N/A
Employees: 1,890
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $34.00
High Stock Price Forecast: $34.00
Low Stock Price Forecast: $34.00
Forecasted Upside/Downside: +42.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.60)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $1.50 billion
Net Margins: 6.43%
Pretax Margin: 23.28%
Return on Equity: 1.98%
Return on Assets: 0.73%

Debt

Debt-to-Equity Ratio: 0.77
Current Ratio: 0.39
Quick Ratio: 0.39

Sales & Book Value

Annual Sales: $4.71 billion
Price / Sales: 0.91
Cash Flow: $7.65 per share
Price / Cash Flow: 3.13
Book Value: $97.69 per share
Price / Book: 0.25

Miscellaneous

Outstanding Shares: 179,650,000
Free Float: N/A
Market Cap: $4.30 billion
Optionable: Optionable
Beta: 1.02

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Key Executives

Mr. Connor David Teskey (Age 35)
Pres of Brookfield Asset Management and CEO of Renewable Power & Transition

Mr. Wyatt Hartley (Age 42)
CFO and Managing Partner of Renewable Power & Transition
Comp: $515.2k

Ms. Jennifer Mazin (Age 49)
Managing Partner of Renewable Power & Transition, Gen. Counsel & Corp. Sec.
Comp: $538.92k

Mr. F. Mitchell Davidson (Age 60)
Managing Partner of Renewable Power & Transition and CEO of U.S. Operations
Comp: $1.22M

Ms. Natalie Johanna Adomait
Managing Partner of Renewable Power & Transition

Ms. Madeleine Bourdon
Managing Director of Renewable Power & Transition

Mr. Daniel Cheng
Managing Director of Renewable Power & Transition

Mr. Andre Flores
Managing Partner of Renewable Power & Transition

Mr. Douglas Christie
Managing Director of Renewable Power & Transition

Mr. Brian Cook
Managing Director of Renewable Power & Transition

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

BEPC Stock - Frequently Asked Questions

Should I buy or sell Brookfield Renewable stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brookfield Renewable in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" BEPC shares.
View BEPC analyst ratings or view top-rated stocks.
What is Brookfield Renewable's stock price forecast for 2023?: 1 Wall Street research analysts have issued 12 month target prices for Brookfield Renewable's shares. Their BEPC share price forecasts range from $34.00 to $34.00. On average, they predict the company's share price to reach $34.00 in the next year. This suggests a possible upside of 42.0% from the stock's current price.
View analysts price targets for BEPC or view top-rated stocks among Wall Street analysts.
How have BEPC shares performed in 2023?: Brookfield Renewable's stock was trading at $27.54 on January 1st, 2023. Since then, BEPC stock has decreased by 13.1% and is now trading at $23.94.
View the best growth stocks for 2023 here.
Are investors shorting Brookfield Renewable?: Brookfield Renewable saw a decline in short interest in September. As of September 15th, there was short interest totaling 3,670,000 shares, a decline of 22.6% from the August 31st total of 4,740,000 shares. Based on an average trading volume of 564,300 shares, the short-interest ratio is currently 6.5 days. Currently, 2.1% of the company's shares are sold short.
View Brookfield Renewable's Short Interest.
When is Brookfield Renewable's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
View our BEPC earnings forecast.
How were Brookfield Renewable's earnings last quarter?: Brookfield Renewable Co. (NYSE:BEPC) announced its quarterly earnings results on Friday, August, 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.03. The business had revenue of $719 million for the quarter, compared to analysts' expectations of $1.39 billion. Brookfield Renewable had a trailing twelve-month return on equity of 1.98% and a net margin of 6.43%.
How often does Brookfield Renewable pay dividends? What is the dividend yield for Brookfield Renewable?: Brookfield Renewable announced a quarterly dividend on Friday, August 4th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.338 per share on Friday, September 29th. This represents a $1.35 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend is Wednesday, August 30th.
Read our dividend analysis for BEPC.
What ETFs hold Brookfield Renewable's stock?: ETFs with the largest weight of Brookfield Renewable (NYSE:BEPC) stock in their portfolio include First Trust Utilities AlphaDEX Fund (FXU), AXS Green Alpha ETF (NXTE), ClearBridge Sustainable Infrastructure ETF (INFR), Gabelli Love Our Planet & People ETF (LOPP), Ecofin U.S. Renewables Infrastructure Trust (RNEW), Fidelity Clean Energy ETF (FRNW), Strategy Shares Halt Climate Change ETF (NZRO) and VanEck Low Carbon Energy ETF (SMOG).

Is Brookfield Renewable a good dividend stock?: Brookfield Renewable (NYSE:BEPC) pays an annual dividend of $1.35 per share and currently has a dividend yield of 5.64%. BEPC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for BEPC.
What other stocks do shareholders of Brookfield Renewable own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Brookfield Renewable investors own include Alibaba Group (BABA), Alphabet (GOOG), Netflix (NFLX), Shopify (SHOP), Trade Desk (TTD), Adobe (ADBE), Accenture (ACN), Apollo Global Management (APO), American Tower (AMT) and ARK Innovation ETF (ARKK).
What is Brookfield Renewable's stock symbol?: Brookfield Renewable trades on the New York Stock Exchange (NYSE) under the ticker symbol "BEPC."
How do I buy shares of Brookfield Renewable?: Shares of BEPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Brookfield Renewable's stock price today?: One share of BEPC stock can currently be purchased for approximately $23.94.
How much money does Brookfield Renewable make?: Brookfield Renewable (NYSE:BEPC) has a market capitalization of $4.30 billion and generates $4.71 billion in revenue each year. The company earns $1.50 billion in net income (profit) each year or ($0.60) on an earnings per share basis.
How many employees does Brookfield Renewable have?: The company employs 1,890 workers across the globe.
How can I contact Brookfield Renewable?: Brookfield Renewable's mailing address is 250 VESEY STREET 15TH FLOOR, NEW YORK NY, 10281. The official website for the company is bep.brookfield.com. The company can be reached via phone at 212-417-7000.

This page (NYSE:BEPC) was last updated on 10/2/2023 by MarketBeat.com Staff

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