Brookfield Renewable Partners LP (NYSE:BEP) shares, rose in value, with the stock price up by 2.93% to the previous day’s close as strong demand from buyers drove the stock to $21.41.
Actively observing the price movement in the recent trading, the stock is buoying the session at $20.80, falling within a range of $20.98 and $21.63. The value of beta (5-year monthly) is 0.895. Referring to stock’s 52-week performance, its high was $29.56, and the low was $19.92. On the whole, BEP has fluctuated by -6.71% over the past month.
With the market capitalization of Brookfield Renewable Partners LP currently standing at about $6.11 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.42, with its dividend yield at 6.63%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.99B, with a low estimate of 1.36B and a high estimate of 1.61B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.45B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BEP’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of BEP currently trading nearly -3.39% and -9.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.61, while the 7-day volatility ratio is showing 3.84% which for the 30-day chart, stands at 3.23%. Furthermore, Brookfield Renewable Partners LP (BEP)’s beta value is 0.99, and its average true range (ATR) is 0.77.
A comparison of Brookfield Renewable Partners LP (BEP) with its peers suggests the former has fared considerably weaker in the market. BEP showed an intraday change of 2.93% in today’s session so far, and over the past year, it shrunk by -17.27%%.
Data on historical trading for Brookfield Renewable Partners LP (NYSE:BEP) indicates that the trading volumes over the past 10 days have averaged 1.19 and over the past 3 months, they’ve averaged 630.62K. According to company’s latest data on outstanding shares, there are 285.11 million shares outstanding.
Nearly 3.41% of Brookfield Renewable Partners LP’s shares belong to company insiders and institutional investors own 62.66% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.11 million shares as on 2024-12-31, resulting in a short ratio of 2.02. According to the data, the short interest in Brookfield Renewable Partners LP (BEP) stood at 49.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 1.0 million. The stock has fallen by -6.06% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BEP stock heading into the next quarter.
