Brookfield Renewable Partners (TSE:BEP.UN) Issues Earnings Results

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) posted its quarterly earnings results on Saturday. The company reported C($0.56) earnings per share for the quarter, FiscalAI reports. The company had revenue of C$2.10 billion for the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%.

Brookfield Renewable Partners Stock Performance

TSE:BEP.UN opened at C$45.35 on Monday. The stock has a fifty day moving average price of C$44.48 and a 200-day moving average price of C$41.56. The company has a market cap of C$13.88 billion, a price-to-earnings ratio of -181.40, a PEG ratio of 8.53 and a beta of 0.94. The company has a debt-to-equity ratio of 107.80, a quick ratio of 0.45 and a current ratio of 0.52. Brookfield Renewable Partners has a fifty-two week low of C$30.64 and a fifty-two week high of C$49.31.

Analysts Set New Price Targets

Separately, Desjardins boosted their price target on Brookfield Renewable Partners from C$45.00 to C$48.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$41.50.

Brookfield Renewable Partners Company Profile

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company’s portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals approximately 21 gigawatts of installed capacity. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation.