Brookfield Renewable Partners LP (NYSE: BEP) has reported a loss for its second fiscal quarter (ending June 30) of $-0.28 versus a loss $-0.10 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $-0.64 compared to $-0.61 a year ago.
Recent Price Action
On 8/2/24, Brookfield Renewable Partners LP (NYSE: BEP) stock declined slightly by -0.5%, closing at $24.06. However, this decline was accompanied by below average trading volume at 77% of normal. The stock is unchanged during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
BEP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Brookfield Renewable Partners has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Brookfield Renewable Partners has a good Appreciation Score of 81 but a slightly negative Power Rating of 36, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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