It makes sense and dollars to buy Brookfield Renewable Corporation (BEPC) stock

With 1.78 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.16 million shares. During the session, the Utilities – Renewable company that operates in wider Utilities sector, reached to the highest price of $29.63 whereas the lowest price it dropped to was $28.4. The 52-week range on BEPC shows that it touched its highest point at $36.16 and its lowest point at $21.35 during that stretch. It currently has a 1-year price target of $29.56. With its current market cap of 11.08 billion, BEPC has annualized dividend of $1.37 while the current yield stands at 4.62%. Beta for the stock currently stands at 1.09.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BEPC was up-trending over the past week, with a rise of 25.30%, but this was up by 23.26% over a month. Three-month performance surged to 14.36% while six-month performance rose 18.96%. The stock lost -7.98% in the past year, while it has gained 2.88% so far this year. A look at the trailing 12-month EPS for BEPC yields 3.73 with Next year EPS estimates of -0.52. For the next quarter, that number is -0.06. This implies an EPS growth rate of -35.82% for this year and -18.59% for next year.

Float and Shares Shorts:

At present, 179.65 million BEPC shares are outstanding with a float of 179.61 million shares on hand for trading. On 2024-04-15, short shares totaled 6.02 million, which was 335.0 higher than short shares on 1710460800. In addition to Mr. Connor David Teskey as the firm’s President of Brookfield Asset Management and CEO of Renewable Power & Transition, Mr. Wyatt Hartley serves as its CFO and Managing Partner of Renewable Power & Transition.

Institutional Ownership:

Through their ownership of 0.77282995 of BEPC’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, BEPC reported revenue of $1125000000.0 and operating income of $275000000.0. The EBITDA in the recently reported quarter was $1203000000.0 and diluted EPS was $2.73311.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BEPC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.