Brookfield Renewable Partners LP (NYSE:BEP) shares, rose in value on Friday, February 14, with price up by 0.13% to the previous day’s close as strong demand from buyers drove the stock to $22.43.
Actively observing the price movement in the last trading, the stock closed the session at $22.40, falling within a range of $22.31 and $22.855. The value of beta (5-year monthly) was 0.869. 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 7.12% over the past month.
With the market capitalization of Brookfield Renewable Partners LP currently standing at about $6.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 1.42, with its dividend yield at 6.33%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.74B, with a low estimate of 1.56B and a high estimate of 1.89B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.73B.
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 50% 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 100% Sell.
The stock’s technical analysis shows that the price of BEP currently trading nearly 4.34% and -0.50% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.01, while the 7-day volatility ratio is showing 2.18% which for the 30-day chart, stands at 3.30%. Furthermore, Brookfield Renewable Partners LP (BEP)’s beta value is 1.08, and its average true range (ATR) is 0.71.
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 0.13% in last session, and over the past year, it shrunk by -2.65%%.
Data on historical trading for Brookfield Renewable Partners LP (NYSE:BEP) indicates that the trading volumes over the past 10 days have averaged 0.81 and over the past 3 months, they’ve averaged 736.26K. According to company’s latest data on outstanding shares, there are 285.18 million shares outstanding.
Nearly 3.43% of Brookfield Renewable Partners LP’s shares belong to company insiders and institutional investors own 64.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.79 million shares as on 2025-01-31, resulting in a short ratio of 1.72. According to the data, the short interest in Brookfield Renewable Partners LP (BEP) stood at 80.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 1.11 million. The stock has fallen by -1.58% 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.
