On 5/1/24, Brookfield Renewable Partners LP (NYSE: BEP) stock enjoyed a major increase of 10.9%, closing at $23.30. Moreover, trading volume in this advance was exceptionally high at 326% of normal. The stock has risen 7.6% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BEP is expected to continue to be a modest Value Builder.
Brookfield Renewable Partners has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock's attractiveness. Brookfield Renewable Partners has a good Appreciation Score of 85 but a poor Power Rating of 20, and the Neutral Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.