Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Brookfield Renewable Partners LP (NYSE: BEP) improved of late. BEP’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/9/24, Brookfield Renewable Partners LP (NYSE: BEP) stock declined slightly by -0.5%, closing at $24.46. However, below average trading volume at 80% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 1.1% during the last week.
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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Brookfield Renewable Partners has a good Appreciation Score of 81 but a neutral Power Rating of 50, triggering the Positive Value Trend Rating.
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