Brookfield Renewable Partners (TSE:BEP.UN) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$41.50 and traded as high as C$46.73. Brookfield Renewable Partners shares last traded at C$45.35, with a volume of 395,938 shares traded.

Analyst Ratings Changes

Separately, Desjardins upped their target price on Brookfield Renewable Partners from C$45.00 to C$48.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$41.50.

Brookfield Renewable Partners Price Performance

The stock has a market cap of C$13.88 billion, a P/E ratio of -181.40, a P/E/G ratio of 8.53 and a beta of 0.94. The company has a debt-to-equity ratio of 107.80, a quick ratio of 0.45 and a current ratio of 0.52. The business has a 50 day simple moving average of C$44.48 and a 200-day simple moving average of C$41.53.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last announced its quarterly earnings data on Saturday, May 2nd. The company reported C($0.56) earnings per share (EPS) for the quarter. The business had revenue of C$2.10 billion during the quarter. Brookfield Renewable Partners had a negative net margin of 4.20% and a positive return on equity of 0.46%. On average, sell-side analysts forecast that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current year.

About Brookfield Renewable Partners

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company’s portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals approximately 21 gigawatts of installed capacity. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation.