For its first fiscal quarter (ending March 31), Brookfield Renewable Partners LP (NYSE: BEP) has reported E.P.S. of $-0.23 compared to $-0.09 a year ago. Relative to the consensus estimate of $-0.35, this was a premium of $0.12. For the latest four quarters through March 31, E.P.S. were $-0.46 compared to $-0.53 a year ago.
Recent Price Action
Brookfield Renewable Partners LP (NYSE: BEP) stock enjoyed a large increase of 4.5% on 5/3/24. The stock closed at $25.78. Moreover, exceptionally high trading volume at 211% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 21.0% during the last week.
Current PriceTarget Research Rating
BEP's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Brookfield Renewable Partners has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR's two proprietary measures of a stock's attractiveness. Brookfield Renewable Partners has a good Appreciation Score of 78 but a poor Power Rating of 29, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.