Closing Strong: Brookfield Renewable Partners LP (BEP) Ends at 22.71, Up 1.29 from Last Close

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After finishing at $22.42 in the prior trading day, Brookfield Renewable Partners LP (NYSE: BEP) closed at $22.71, up 1.29%. In other words, the price has increased by $1.29 from its previous closing price. On the day, 0.62 million shares were traded.

Ratios:

Our goal is to gain a better understanding of BEP by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.51. In the meantime, Its Debt-to-Equity ratio is 8.75 whereas as Long-Term Debt/Eq ratio is at 7.27.

On December 12, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $30.

UBS Upgraded its Neutral to Buy on September 30, 2024, whereas the target price for the stock was revised from $24 to $31.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10 while its Price-to-Book (P/B) ratio in mrq is 1.88.

Stock Price History:

Over the past 52 weeks, BEP has reached a high of $29.56, while it has fallen to a 52-week low of $19.29. The 50-Day Moving Average of the stock is 1.58%, while the 200-Day Moving Average is calculated to be -5.32%.

Shares Statistics:

A total of 284.11M shares are outstanding, with a floating share count of 274.94M. Insiders hold about 3.23% of the company’s shares, while institutions hold 67.06% stake in the company.

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