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Stock Charts AI Power Rank: 7.8
Power Rank trend -> Falling
10/08/2024 10:00:00 EST
Brookfield Renewable Corp (BEPC)
Industry: Utilities - Renewable
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, BEPC has been trading in a range between $32.89 and $28.11 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
Brookfield Renewable Corp $BEPC entered a Red zone 5 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $35.5, a potential upside of 13.93% from the recent price of 31.16. The stock is trading 6.45% (potential upside) below its 52 week high of $33.17 and 49.45 % (potential downside) above its 52 week low of $20.85 - based on the recent price.
Company Summary
Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.
News
| Bad News For High Yield Stocks High-yield stocks have surged in recent months. However, recently, news hit that threatens to end the rally in much of the sector. We share which part of the high-yield space is likely going to benefit from this bad news, as well as how we are positioning our portfolio overall. Source: Seeking Alpha Mon, 07 Oct 2024 11:30:00 -0400 Sentiment: Negative |
| After a Nearly 30% Sector Rally, Are There Any High-Yield Utility Stocks Left? (YES, and Here Are 3 of the Best! These utilities can generate a lot of dividend income. Source: The Motley Fool Mon, 07 Oct 2024 08:15:00 -0400 Sentiment: Positive |
| Got $1,000? This Supercharged Growth Stock Could Deliver a More Than 300% Return by 2034. Brookfield Renewable has increasing visibility into its ability to grow rapidly in the future. Source: The Motley Fool Sun, 06 Oct 2024 04:36:00 -0400 Sentiment: Positive |
| Brookfield Renewable to Host Third Quarter 2024 Results Conference Call BROOKFIELD, News, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) (“Brookfield Renewable”) will hold its Third Quarter 2024 Conference Call and Webcast on Friday, November 8, 2024 at 8:30 a.m. ET to discuss results and business initiatives. Source: GlobeNewsWire Fri, 04 Oct 2024 16:00:00 -0400 Sentiment: Neutral |
| Brookfield Renewable: Investor Day Takeaways Brookfield Renewable has secured most of its FFO growth through 2029, with significant visibility beyond 2030, driven by inflation-indexed contracts and re-contracting at higher prices. The company is rapidly expanding its renewable power capacity, expecting to add over 8 GW next year, translating to $70 million in incremental FFO. Brookfield Renewable minimizes share issuance by recycling assets, up-financing underleveraged assets, and using non-recourse debt, to invest in high-return projects, while maintaining a solid balance sheet. Source: Seeking Alpha Thu, 03 Oct 2024 10:00:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 33.17 52 Week Low: 20.8465 Beta: 1.007 50 Day MA: 29.172 200 Day MA: 27.8789 Earnings / Revenue Trends Qtr Earnings Growth YOY: 1.735 Qtr Revenue Growth YOY: 0.098 Forward PE: 15.0602 Trailing PE: 7.5448