Brookfield Renewable (TSE:BEPC) Posts Quarterly Earnings Results

Brookfield Renewable (TSE:BEPC) issued its quarterly earnings data on Wednesday. The company reported C($1.58) earnings per share (EPS) for the quarter, reports. The business had revenue of C$1.70 billion during the quarter. Brookfield Renewable had a negative net margin of 110.51% and a positive return on equity of 257.80%.

Brookfield Renewable Trading Up 2.2%

Shares of BEPC stock opened at C$44.02 on Thursday. The stock has a market cap of C$8.17 billion, a price-to-earnings ratio of -2.07, a PEG ratio of 0.84 and a beta of 1.10. The stock has a 50-day moving average of C$41.93 and a 200-day moving average of C$50.30. The company has a current ratio of 0.40, a quick ratio of 0.18 and a debt-to-equity ratio of -464.91. Brookfield Renewable has a 1-year low of C$39.15 and a 1-year high of C$63.11.

Wall Street Analysts Forecast Growth

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

About Brookfield Renewable

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.