Brookfield Renewable (TSE:BEPC) Releases Earnings Results

Brookfield Renewable (TSE:BEPC) announced its quarterly earnings results on Wednesday. The company reported C($1.58) earnings per share (EPS) for the quarter, reports. Brookfield Renewable had a negative net margin of 26.89% and a positive return on equity of 62.61%. The company had revenue of C$1.70 billion for the quarter.

Brookfield Renewable Stock Performance

Shares of Brookfield Renewable stock opened at C$43.81 on Friday. Brookfield Renewable has a 12 month low of C$39.15 and a 12 month high of C$63.11. The firm has a market capitalization of C$8.13 billion, a P/E ratio of -2.06, a P/E/G ratio of 0.84 and a beta of 1.12. The company has a current ratio of 0.41, a quick ratio of 0.18 and a debt-to-equity ratio of -1,528.74. The business has a fifty day simple moving average of C$41.89 and a two-hundred day simple moving average of C$50.25.

Analyst Upgrades and Downgrades

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

Brookfield Renewable Company Profile

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.