Brookfield Renewable Partners LP (NYSE:BEP) shares, rose in value on Friday, June 20, with the stock price down by -1.77% to the previous day’s close as strong demand from buyers drove the stock to $25.00.
Actively observing the price movement in the last trading, the stock closed the session at $25.45. Referring to stock’s 52-week performance, its high was $29.56, and the low was $19.29. On the whole, BEP has fluctuated by 3.01% over the past month.
With the market capitalization of Brookfield Renewable Partners LP currently standing at about $7.10 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-02. The company’s Forward Dividend Ratio is 1.46, with its dividend yield at 5.82%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.5B, with a low estimate of 1.53B and a high estimate of 1.79B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.64B.
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% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of BEP currently trading nearly 0.98% and 6.22% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.04, while the 7-day volatility ratio is showing 1.34% which for the 30-day chart, stands at 2.61%. Furthermore, Brookfield Renewable Partners LP (BEP)’s beta value is 1.03, and its average true range (ATR) is 0.67.
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 -1.77% in last session, and over the past year, it grew by 0.24%%.
Data on historical trading for Brookfield Renewable Partners LP (NYSE:BEP) indicates that the trading volumes over the past 3 months, they’ve averaged 623.54K. According to company’s latest data on outstanding shares, there are 284.11 million shares outstanding.
Nearly 3.61% of Brookfield Renewable Partners LP’s shares belong to company insiders and institutional investors own 63.35% of the company’s shares. The stock has risen by 9.70% 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.
