Zacks Investment Research downgraded Brookfield Renewable Partners LP (NYSE:BEP) to Strong Sell in a report released today.
- Updated: October 6, 2016
Zacks Investment Research has downgraded Brookfield Renewable Partners LP (NYSE:BEP) to Strong Sell in a report released on 10/6/2016.
Just yesterday Brookfield Renewable Partners LP (NYSE:BEP) traded -0.26% lower at $30.10. Brookfield Renewable Partners LP’s 50-day moving average is $30.64 and its 200-day moving average is $29.97. The last stock price is up 0.51% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 77,662 shares of BEP traded hands, up from an average trading volume of 34,963
Recent Performance Chart
Brookfield Renewable Partners LP has 52 week low of $20.36 and a 52 week high of $31.85 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokerages have issued a ratings update on the company. The average stock price target is $30.50 with 0 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Brookfield Renewable Partners LP (NYSE:BEP)
Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., owns and operates a portfolio of renewable power generating facilities in North America, Brazil, Colombia and Europe. The Company operates over three biomass facilities and Co-generation (Co-gen) facilities. The Company operates through three segments: Hydroelectric, Wind and Other, which includes Co-gen and Biomass. The Hydroelectric and Wind segments are segmented by geography, such as North America, which comprises the United States and Canada segments, Brazil, Colombia, and Europe. The hydroelectric portfolio generates approximately 6,530 Gigawatt hours (GWh) and the wind portfolio generates approximately 1,100 GWh. Its portfolio consists of hydroelectric and wind facilities in North America, Latin America and Europe and totals over 10,000 megawatts of installed capacity. Its projects include Upper Dam Construction, Coldwell Wind Energy Project and Victor Wind Project.
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