Brookfield Renewable Partners (TSE:BEP.UN) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$38.91 and traded as high as C$42.52. Brookfield Renewable Partners shares last traded at C$41.55, with a volume of 504,737 shares changing hands.

Brookfield Renewable Partners Stock Down 0.6%

The company has a debt-to-equity ratio of 107.80, a current ratio of 0.52 and a quick ratio of 0.45. The company has a market capitalization of C$12.60 billion, a PE ratio of -164.68, a P/E/G ratio of 8.53 and a beta of 1.09. The business’s 50 day simple moving average is C$40.41 and its 200 day simple moving average is C$38.93.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last announced its quarterly earnings results on Friday, January 30th. The company reported C$0.74 earnings per share (EPS) for the quarter. The business had revenue of C($371.30) million during the quarter. Brookfield Renewable Partners had a negative net margin of 4.20% and a positive return on equity of 0.46%. As a group, analysts anticipate that Brookfield Renewable Partners LP will post 0.1012093 earnings per share for the current fiscal year.

Brookfield Renewable Partners Company Profile

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company’s portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals approximately 21 gigawatts of installed capacity. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation.