|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||35.09 - 36.82|
|52 Week Range||24.48 - 49.87|
|Beta (5Y Monthly)||0.67|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.19 (3.27%)|
|Ex-Dividend Date||May 27, 2021|
|1y Target Est||35.63|
Brookfield Renewable Partners (NYSE: BEP) had a good year in 2020, and its stock price reflected that, rising about 75% for the year. Last week, Brookfield Renewable reported funds from operations (FFO) -- a widely accepted measure of cash generation for asset-heavy businesses -- grew 21% in the first quarter of 2021 compared to the prior-year period. In the first quarter, Brookfield also said it invested or agreed to invest about $400 million of its own equity in transactions for onshore and offshore wind, utility scale solar, and generation assets in the United States, Europe, and India.
The On-Balance-Volume (OBV) line has been in a decline from January, telling us that sellers of BEP have been more aggressive. The 12-day price momentum study shows a low in March and a slightly higher low in May for a bullish divergence. The weekly OBV line has been weak since January and the 12-week price momentum study is still declining and shows no sign yet of a reversal.
In this article, we will take a look at the 10 best wind energy and renewables stocks to buy in 2021. You can skip our comprehensive analysis of these companies and go directly to the 5 Best Wind Energy and Renewables Stocks to Buy in 2021. The wind energy market is expected to be worth […]