Brookfield Renewable (TSE:BEPC) Releases Earnings Results

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

Brookfield Renewable Price Performance

Shares of BEPC traded up C$1.04 during mid-day trading on Wednesday, hitting C$44.10. 210,088 shares of the company were exchanged, compared to its average volume of 328,585. Brookfield Renewable has a 1-year low of C$39.15 and a 1-year high of C$63.11. The company has a debt-to-equity ratio of -464.91, a quick ratio of 0.18 and a current ratio of 0.40. The company has a 50 day moving average of C$41.97 and a 200-day moving average of C$50.35. The stock has a market cap of C$8.19 billion, a price-to-earnings ratio of -2.07, a price-to-earnings-growth ratio of 0.84 and a beta of 1.10.

Analysts Set New Price Targets

Separately, Desjardins increased their price target on 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 analyst has rated the stock with a Hold rating. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.