Brookfield Renewable (TSE:BEPC) Hits New 12-Month Low – Should You Sell?

Brookfield Renewable Co. (TSE:BEPC) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$44.83 and last traded at C$44.89, with a volume of 163157 shares. The stock had previously closed at C$45.76.

Wall Street Analysts Forecast Growth

Separately, Desjardins raised their price target on shares of Brookfield Renewable from C$48.00 to C$49.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Brookfield Renewable currently has an average rating of “Hold” and a consensus target price of C$49.00.

Brookfield Renewable Stock Down 1.9%

The stock’s fifty day moving average is C$48.79 and its two-hundred day moving average is C$52.82. The company has a current ratio of 0.40, a quick ratio of 0.18 and a debt-to-equity ratio of -464.91. The company has a market capitalization of C$8.33 billion, a PE ratio of -2.11, a P/E/G ratio of 0.84 and a beta of 1.21.

Brookfield Renewable (TSE:BEPC) last posted its quarterly earnings results on Friday, July 31st. The company reported C($2.95) earnings per share for the quarter. Brookfield Renewable had a negative net margin of 110.51% and a positive return on equity of 257.80%. The company had revenue of C$1.53 billion for the quarter. As a group, analysts predict that Brookfield Renewable Co. will post 2.8461008 EPS for the current year.

About Brookfield Renewable

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.