Brookfield Renewable (NYSE:BEPC) Stock Rating Upgraded by Zacks Investment Research

Brookfield Renewable (NYSE:BEPCGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday, Zacks.com reports. The brokerage currently has a $43.00 price target on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 15.62% from the stock’s current price.

According to Zacks, “Brookfield Renewable Corporation operates renewable power assets in the United States, Brazil and Colombia. It operates hydroelectric, wind and solar plants. Brookfield Renewable Corporation is based in New York. “

Other analysts have also issued research reports about the stock. Wells Fargo & Company reduced their target price on shares of Brookfield Renewable from $50.00 to $43.00 in a research note on Thursday, February 10th. JPMorgan Chase & Co. reduced their target price on shares of Brookfield Renewable from $52.00 to $45.00 in a research note on Thursday, January 20th.

NYSE BEPC opened at $37.19 on Thursday. Brookfield Renewable has a 1 year low of $31.10 and a 1 year high of $45.43. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.85. The company has a fifty day moving average price of $39.83 and a 200-day moving average price of $37.81.

A number of institutional investors and hedge funds have recently bought and sold shares of BEPC. Sigma Planning Corp grew its position in Brookfield Renewable by 26.3% during the third quarter. Sigma Planning Corp now owns 8,253 shares of the company’s stock valued at $320,000 after buying an additional 1,716 shares during the period. Commonwealth Equity Services LLC boosted its position in Brookfield Renewable by 13.7% during the third quarter. Commonwealth Equity Services LLC now owns 35,457 shares of the company’s stock worth $1,376,000 after purchasing an additional 4,286 shares during the period. Janney Montgomery Scott LLC boosted its position in Brookfield Renewable by 13.3% during the third quarter. Janney Montgomery Scott LLC now owns 8,032 shares of the company’s stock worth $312,000 after purchasing an additional 944 shares during the period. AE Wealth Management LLC boosted its position in Brookfield Renewable by 15.9% during the third quarter. AE Wealth Management LLC now owns 48,445 shares of the company’s stock worth $1,880,000 after purchasing an additional 6,632 shares during the period. Finally, Waratah Capital Advisors Ltd. bought a new position in Brookfield Renewable during the third quarter worth about $742,000. Institutional investors own 70.38% of the company’s stock.

About Brookfield Renewable (Get Rating)

Brookfield Renewable Corporation owns and operates a portfolio of renewable energy power generating facilities primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, and solar power plants with an installed capacity of approximately 12,723 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.

See Also

Get a free copy of the Zacks research report on Brookfield Renewable (BEPC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Brookfield Renewable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable and related companies with MarketBeat.com's FREE daily email newsletter.