BEP stock: buy or sell?

BEP stock price: $42.65 1.19% At close on October 18th, 2019

Updated on:
October 18th, 2019

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Brookfield Renewable Partners inched 1.19% on October/18 and reached a new all time high at $42.76. Oct/18 was the 5th climbing day in a row, soaring 3.59%.

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities. It owns and operates 217 hydroelectric generating stations, 38 wind facilities, 4 biomass facilities, and 3 natural gas-fired plants with 10,731 megawatts of generating capacity in North America, Colombia, Brazil, and Europe.

Should I buy BEP stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, 2 buy setups match with Brookfield Renewable Partners stock now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is Brookfield Renewable Partners stock a buy?

Banks and financial institutions post stock ratings everyday. At Stocks2.com, we detected 12 ratings published for BEP stock in the last 30 days.

Is BEP a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-30TD Securitiesn/aBuy
2019-9-30Royal Bank of Canadan/aSector Perform
2019-9-30National Bank Financialn/aSector Perform
2019-9-30Barclaysn/aOverweight
2019-8-1Royal Bank of Canadan/aSector Perform
2019-8-1Raymond Jamesn/aMarket Perform
2019-7-4Raymond Jamesn/aMarket Perform
2019-7-25Credit Suisse GroupOutperformNeutral
2019-7-11BarclaysOverweightOverweight
2019-5-3Raymond Jamesn/aMarket Perform
2019-5-3Raymond Jamesn/aMarket Perform
2019-2-12Raymond Jamesn/aMarket Perform

BEP stock analysis

Daily outlook

After topping to all time highs on October 18th, Brookfield Renewable Partners inched 1.19% on Oct 18th to $42.65.

Brookfield Renewable Partners inched 1.19% on Oct 18th and marked a new all time high at $42.76. BEP shows a sign of strength in the short-term after finally breaking out above $42.50 on Oct 9th and marking a new rising bottom.

BEP stock chart (daily)

Weekly outlook

Brookfield Renewable Partners touched new all time highs again this week, marking to $42.76. Shares closed at $42.65 and rose 3.62% during the week. Late September BEP boosted a cool 5.19% in just one week.

BEP shows a strong mid-term uptrend with several rising tops and rising bottoms. Since its last bottom by mid September, BEP climbed unceasignly breaking out to new all time highs. Early April, SMA20w and SMA40w crossed up triggering a rise of 39.79%. Since price and SMA40w lines crossed up late January, BEP climbed $15.44 (56.74%).

BEP stock chart (weekly)

BEP stock price history

BEP IPO was on November 15th, 2005 at $5.01 per share1. Since then, BEP stock grew a 751.30%, with a yearly average of 57.80%. If you had invested right after BEP's IPO a $1,000 in BEP stock in 2005, it would worth $7,513.00 today.

1: Adjusted price after possible price splits or reverse-splits.

BEP stock historical price chart

BEP stock reached all-time highs on October 18th with a price of $42.76.

BEP stock price target is $36.60

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we found 11 price targets for Brookfield Renewable Partners stock:
BEP stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-30TD SecuritiesRaises Target$40.00$43.007.5%
2019-9-30Royal Bank of CanadaRaises Target$37.00$39.005.4%
2019-9-30National Bank FinancialRaises Target$37.00$39.005.4%
2019-9-30BarclaysRaises Target$41.00$45.009.8%
2019-8-1Royal Bank of CanadaRaises Target$33.00$37.0012.1%
2019-8-1Raymond JamesRaises Target$31.00$36.0016.1%
2019-7-4Raymond JamesSet Price Targetn/a$31.00-
2019-7-11BarclaysInitiatesn/a$40.00-
2019-5-3Raymond JamesSet Price Targetn/a$31.00-
2019-5-3Raymond JamesReiteratesn/a$31.00-
2019-2-12Raymond JamesSet Price Targetn/a$31.00-
(in average)$36.50$36.600.0%
The price target for Brookfield Renewable Partners stock is $36.60, moving in a range between $45.00 and $31.00. In average, analysts' outlook on BEP price target is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After posting its last earnings report on February, Brookfield Renewable Partners . As soon as we get its posted EPS from the earnings report, we will update this report.
BEP earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q4-n/an/an/a
2018-Q12018-05-030.020.0350.0%
2018-Q22018-08-030.17-0.01n/a
2018-Q32018-10-31-0.06-0.18n/a
2018-Q42019-02-08n/an/an/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw an outstanding gain of 13.60% to $2,982.00 M USD. On the other hand, its earnings margin (compared to revenues) gained to 2.08%, that is $62.00 million.

BEP annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1,760 M-$71 M4.0%-
2014$1,704 M-3.18%$58 M3.4%-18.42%
2015$1,628 M-4.46%$3.00 M0.2%-94.83%
2016$2,452 M50.61%$-21.00 M-0.9%-800.00%
2017$2,625 M7.06%$-4.00 M-0.2%-80.95%
2018$2,982 M13.60%$62 M2.1%-1,650.00%

Quarterly financial results

Brookfield Renewable Partners posted $780.00 million in sales for 2018-Q4, a 15.73% improvement compared to previous quarter. Reported quarter earnings marked $61.00 million with a profit margin of 7.82%. Profit margin skyrocketed a 11.08% compared to previous quarter when profit margin was -3.26%. When comparing sales to same quarter last year, Brookfield Renewable Partners sales marked an astounding growth and boosted a 18.72%.
BEP quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$928 M-$38 M4.1%-
2017-Q3$608 M-34.47%$-16 M-2.6%-142.50%
2017-Q4$657 M8.06%$-31 M-4.7%93.75%
2018-Q1$793 M20.70%$14 M1.8%-145.16%
2018-Q2$735 M-7.31%$9 M1.2%-35.71%
2018-Q3$674 M-8.30%$-22 M-3.3%-344.44%
2018-Q4$780 M15.73%$61 M7.8%-377.27%
2019-Q1$825 M5.77%$35 M4.2%-42.62%

Brookfield Renewable Partners ownership

When you are planning to buy shares of a company, it's worth to overview its ownership structure.

Brookfield Renewable Partners shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a of all shares.

Bearish positions for BEP stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related stocks:

BEPNEP
Market cap$7.6 B$2.9 B
Total shares178.9 M56.2 M
Float shares122.8 M49.1 M
  - Institutional holdings (%)0.0%86.5%
  - Insider holdings (%)0.0%0.6%
Shares in short selling0.0%0.0%

BEP summary

Friday, October 18th, 2019
Open$42.28
Close$42.65
Day range$42.17 - $42.76
Previous close$42.15
Session gain1.19%
Average true range$0.62
50d mov avg$38.38
100d mov avg$36.41
200d mov avg$32.94
Daily patternlb02c
Weekly pattern lb03c

Brookfield Renewable Partners performance

To better understand Brookfield Renewable Partners performance you must becnhmark its gains with other related stocks in same sector or industry. In the following table, we compare Brookfield Renewable Partners performance to Array:
Stock3m6m12m
BEPBrookfield Renewa...19.84%39.33%56.51%
NEP2.97%11.64%14.21%

Brookfield Renewable Partners competitors

Choosing a list of competitors for Brookfield Renewable Partners it's difficult. We selected just one public company that in our opinion is related to and can be considered Brookfield Renewable Partners competitor: