Brookfield Renewable Corp (NYSE: BEPC) is -4.48% lower on its value in year-to-date trading and has touched a low of $21.35 and a high of $35.14 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BEPC stock was last observed hovering at around $26.72 in the last trading session, with the day’s loss setting it -0.3%.
Currently trading at $26.42, the stock is -3.70% and -4.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing -1.12% at the moment leaves the stock -8.72% off its SMA200. BEPC registered 19.98% gain for a year compared to 6-month loss of -12.69%. The firm has a 50-day simple moving average (SMA 50) of $27.7298 and a 200-day simple moving average (SMA200) of $28.9431.
The stock witnessed a -8.01% gain in the last 1 month and extending the period to 3 months gives it a 3.49%, and is -0.75% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.07% over the week and 4.27% over the month.
Brookfield Renewable Corp (BEPC) has around 2416 employees, a market worth around $8.97B and $4.91B in sales. Current P/E ratio is 33.63. Profit margin for the company is 5.98%. Distance from 52-week low is 23.75% and -24.82% from its 52-week high. The company has generated returns on investments over the last 12 months (1.45%).
The EPS is expected to grow by 38.29% this year
534.0 institutions hold shares in Brookfield Renewable Corp (BEPC), with institutional investors hold 69.10% of the company’s shares. The shares outstanding are 179.64M, and float is at 144.80M with Short Float at 4.33%. Institutions hold 69.06% of the Float.
The top institutional shareholder in the company is BROOKFIELD CORP /ON/ with over 10.09 million shares valued at $286.47 million. The investor’s holdings represent 5.6191 of the BEPC Shares outstanding. As of 2024-06-30, the second largest holder is PRINCIPAL FINANCIAL GROUP INC with 4.76 million shares valued at $135.03 million to account for 2.6486 of the shares outstanding. The other top investors are FMR LLC which holds 4.44 million shares representing 2.4735 and valued at over $125.9 million, while LEGAL & GENERAL GROUP PLC holds 2.0912 of the shares totaling 3.76 million with a market value of $106.42 million.
