25 XP   0   0   10

Brookfield Renewable Corp
Buy, Hold or Sell?

Let's analyse Brookfield Renewable Corp together

PenkeI guess you are interested in Brookfield Renewable Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Brookfield Renewable Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

Get notifications about Brookfield Renewable Corp

I send you an email if I find something interesting about Brookfield Renewable Corp.

Quick analysis of Brookfield Renewable Corp (30 sec.)










What can you expect buying and holding a share of Brookfield Renewable Corp? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
52.2%

What is your share worth?

Current worth
$95.35
Expected worth in 1 year
$97.04
How sure are you?
47.8%

+ What do you gain per year?

Total Gains per Share
$1.70
Return On Investment
6.9%

For what price can you sell your share?

Current Price per Share
$24.57
Expected price per share
$22.64 - $27.16
How sure are you?
50%

1. Valuation of Brookfield Renewable Corp (5 min.)




Live pricePrice per Share (EOD)

$24.57

Intrinsic Value Per Share

$7.61 - $9.01

Total Value Per Share

$102.95 - $104.36

2. Growth of Brookfield Renewable Corp (5 min.)




Is Brookfield Renewable Corp growing?

Current yearPrevious yearGrowGrow %
How rich?$17.1b$14.5b$2.2b13.2%

How much money is Brookfield Renewable Corp making?

Current yearPrevious yearGrowGrow %
Making money-$9m$399.2m-$408.2m-4,536.1%
Net Profit Margin4.8%40.8%--

How much money comes from the company's main activities?

3. Financial Health of Brookfield Renewable Corp (5 min.)




What can you expect buying and holding a share of Brookfield Renewable Corp? (5 min.)

Welcome investor! Brookfield Renewable Corp's management wants to use your money to grow the business. In return you get a share of Brookfield Renewable Corp.

What can you expect buying and holding a share of Brookfield Renewable Corp?

First you should know what it really means to hold a share of Brookfield Renewable Corp. And how you can make/lose money.

Speculation

The Price per Share of Brookfield Renewable Corp is $24.57. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Brookfield Renewable Corp.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Brookfield Renewable Corp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $95.35. Based on the TTM, the Book Value Change Per Share is $0.42 per quarter. Based on the YOY, the Book Value Change Per Share is $3.62 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Brookfield Renewable Corp.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps-4.16-16.9%1.646.7%2.098.5%0.261.1%0.251.0%
Usd Book Value Change Per Share-3.50-14.2%0.421.7%3.6214.7%0.793.2%4.1516.9%
Usd Dividend Per Share0.000.0%0.000.0%0.220.9%0.291.2%0.381.5%
Usd Total Gains Per Share-3.50-14.2%0.421.7%3.8315.6%1.084.4%4.5218.4%
Usd Price Per Share28.79-29.80-34.91-27.00-23.48-
Price to Earnings Ratio-1.73-2.33-0.97--10.01--8.70-
Price-to-Total Gains Ratio-8.22--0.81--102.78--30.17--30.17-
Price to Book Ratio0.30-0.32-0.44-0.38-0.33-
Price-to-Total Gains Ratio-8.22--0.81--102.78--30.17--30.17-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share24.57
Number of shares40
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.29
Usd Book Value Change Per Share0.420.79
Usd Total Gains Per Share0.421.08
Gains per Quarter (40 shares)16.9743.30
Gains per Year (40 shares)67.87173.20
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10685847126163
2013612694252336
30204194141378509
40271262188505682
50339330235631855
604073982827571028
704754663298831201
8054353437610091374
9061160242311351547
10067967047112611720

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share3.01.00.075.0%9.03.00.075.0%14.06.00.070.0%17.06.00.073.9%17.06.00.073.9%
Book Value Change Per Share2.02.00.050.0%5.07.00.041.7%8.011.01.040.0%9.011.03.039.1%9.011.03.039.1%
Dividend per Share0.00.04.00.0%3.00.09.025.0%10.00.010.050.0%12.00.011.052.2%12.00.011.052.2%
Total Gains per Share2.02.00.050.0%5.07.00.041.7%9.011.00.045.0%11.011.01.047.8%11.011.01.047.8%

Fundamentals of Brookfield Renewable Corp

About Brookfield Renewable Corp

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.

Fundamental data was last updated by Penke on 2024-03-22 16:50:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Brookfield Renewable Corp.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Brookfield Renewable Corp earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Brookfield Renewable Corp to the Utilities - Renewable industry mean.
  • A Net Profit Margin of -70.1% means that $-0.70 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Brookfield Renewable Corp:

  • The MRQ is -70.1%. The company is making a huge loss. -2
  • The TTM is 4.8%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ-70.1%TTM4.8%-74.9%
TTM4.8%YOY40.8%-36.0%
TTM4.8%5Y-4.3%+9.1%
5Y-4.3%10Y-3.3%-0.9%
1.1.2. Return on Assets

Shows how efficient Brookfield Renewable Corp is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Brookfield Renewable Corp to the Utilities - Renewable industry mean.
  • -1.5% Return on Assets means that Brookfield Renewable Corp generated $-0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Brookfield Renewable Corp:

  • The MRQ is -1.5%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is 0.0%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ-1.5%TTM0.0%-1.5%
TTM0.0%YOY1.0%-0.9%
TTM0.0%5Y0.0%+0.0%
5Y0.0%10Y0.0%0.0%
1.1.3. Return on Equity

Shows how efficient Brookfield Renewable Corp is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Brookfield Renewable Corp to the Utilities - Renewable industry mean.
  • -12.9% Return on Equity means Brookfield Renewable Corp generated $-0.13 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Brookfield Renewable Corp:

  • The MRQ is -12.9%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -1.5%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-12.9%TTM-1.5%-11.4%
TTM-1.5%YOY6.5%-8.0%
TTM-1.5%5Y-7.3%+5.8%
5Y-7.3%10Y-6.3%-1.0%

1.2. Operating Efficiency of Brookfield Renewable Corp.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Brookfield Renewable Corp is operating .

  • Measures how much profit Brookfield Renewable Corp makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Brookfield Renewable Corp to the Utilities - Renewable industry mean.
  • An Operating Margin of 20.4% means the company generated $0.20  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Brookfield Renewable Corp:

  • The MRQ is 20.4%. The company is operating efficient. +1
  • The TTM is 54.1%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ20.4%TTM54.1%-33.8%
TTM54.1%YOY79.8%-25.6%
TTM54.1%5Y29.4%+24.7%
5Y29.4%10Y30.2%-0.7%
1.2.2. Operating Ratio

Measures how efficient Brookfield Renewable Corp is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Utilities - Renewable industry mean).
  • An Operation Ratio of 0.80 means that the operating costs are $0.80 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Brookfield Renewable Corp:

  • The MRQ is 0.796. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.732. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.796TTM0.732+0.064
TTM0.732YOY0.668+0.064
TTM0.7325Y0.709+0.023
5Y0.70910Y0.705+0.004

1.3. Liquidity of Brookfield Renewable Corp.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Brookfield Renewable Corp is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Utilities - Renewable industry mean).
  • A Current Ratio of 0.40 means the company has $0.40 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Brookfield Renewable Corp:

  • The MRQ is 0.396. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.408. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.396TTM0.408-0.012
TTM0.408YOY0.483-0.075
TTM0.4085Y0.636-0.228
5Y0.63610Y0.649-0.012
1.3.2. Quick Ratio

Measures if Brookfield Renewable Corp is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Brookfield Renewable Corp to the Utilities - Renewable industry mean.
  • A Quick Ratio of 0.34 means the company can pay off $0.34 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Brookfield Renewable Corp:

  • The MRQ is 0.344. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.337. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.344TTM0.337+0.007
TTM0.337YOY0.388-0.052
TTM0.3375Y0.460-0.123
5Y0.46010Y0.410+0.050

1.4. Solvency of Brookfield Renewable Corp.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Brookfield Renewable Corp assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Brookfield Renewable Corp to Utilities - Renewable industry mean.
  • A Debt to Asset Ratio of 0.65 means that Brookfield Renewable Corp assets are financed with 65.3% credit (debt) and the remaining percentage (100% - 65.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Brookfield Renewable Corp:

  • The MRQ is 0.653. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.628. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.653TTM0.628+0.026
TTM0.628YOY0.655-0.028
TTM0.6285Y0.594+0.034
5Y0.59410Y0.550+0.044
1.4.2. Debt to Equity Ratio

Measures if Brookfield Renewable Corp is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Brookfield Renewable Corp to the Utilities - Renewable industry mean.
  • A Debt to Equity ratio of 558.0% means that company has $5.58 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Brookfield Renewable Corp:

  • The MRQ is 5.580. The company is unable to pay all its debts with equity. -1
  • The TTM is 5.056. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ5.580TTM5.056+0.524
TTM5.056YOY7.001-1.944
TTM5.0565Y9.120-4.063
5Y9.12010Y8.323+0.796

2. Market Valuation of Brookfield Renewable Corp

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Brookfield Renewable Corp generates.

  • Above 15 is considered overpriced but always compare Brookfield Renewable Corp to the Utilities - Renewable industry mean.
  • A PE ratio of -1.73 means the investor is paying $-1.73 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Brookfield Renewable Corp:

  • The EOD is -1.477. Based on the earnings, the company is expensive. -2
  • The MRQ is -1.731. Based on the earnings, the company is expensive. -2
  • The TTM is 2.333. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD-1.477MRQ-1.731+0.254
MRQ-1.731TTM2.333-4.064
TTM2.333YOY0.967+1.365
TTM2.3335Y-10.008+12.340
5Y-10.00810Y-8.702-1.305
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Brookfield Renewable Corp:

  • The EOD is -31.769. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -37.226. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -2.059. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-31.769MRQ-37.226+5.457
MRQ-37.226TTM-2.059-35.167
TTM-2.059YOY17.212-19.270
TTM-2.0595Y3.246-5.304
5Y3.24610Y2.822+0.423
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Brookfield Renewable Corp is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Utilities - Renewable industry mean).
  • A PB ratio of 0.30 means the investor is paying $0.30 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Brookfield Renewable Corp:

  • The EOD is 0.258. Based on the equity, the company is cheap. +2
  • The MRQ is 0.302. Based on the equity, the company is cheap. +2
  • The TTM is 0.322. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.258MRQ0.302-0.044
MRQ0.302TTM0.322-0.020
TTM0.322YOY0.438-0.116
TTM0.3225Y0.378-0.056
5Y0.37810Y0.329+0.049
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Brookfield Renewable Corp.

3.1. Institutions holding Brookfield Renewable Corp

Institutions are holding 77.256% of the shares of Brookfield Renewable Corp.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31Brookfield Corp24.94517.36774481383500
2023-12-31Parnassus Investments, LLC3.61340.41564914044196415182.8512
2023-12-31FMR Inc30.01195389512160560.2988
2023-12-31Vanguard Group Inc2.89290.003351971151093212.1487
2023-12-31Principal Financial Group Inc2.46320.08124425099506851.1587
2023-12-31Fidelity International Ltd2.00670.1093605042152534973.3449
2023-12-31Legal & General Group PLC1.93770.0258348115250928417.1368
2023-12-31BlackRock Inc1.9330.00263472681-249690-6.7078
2023-12-31Atlantic Trust Group, LLC1.59070.17432857704-453242-13.6892
2023-12-31TD Global Investment Solutions – TD Epoch1.160.2732208386469973950.5546
2023-12-31RARE Infrastructure1.04891.51971884348-1350253-41.744
2023-12-31Arrowstreet Capital Limited Partnership1.03550.056118601851221430191.2204
2023-12-31Renaissance Technologies Corp0.99010.0793177879517460010.884
2023-12-31CIBC Global Asset Management Inc0.91820.1779164962732778524.7976
2023-12-31NORGES BANK0.90460.0082162516925426018.5468
2023-12-31Scotia Capital Inc0.89610.2979160982442770.2664
2023-12-31State Street Corporation0.80470.0021445669874126.4356
2023-12-31TD Waterhouse Canada Inc0.78130.5075140358929278326.3577
2023-12-31Goldman Sachs Group Inc0.76180.00351368550735585116.2126
2023-12-31Morgan Stanley - Brokerage Accounts0.69680.00321251785769386.5488
Total 54.380711.119397694949+8228734+8.4%

3.2. Funds holding Brookfield Renewable Corp

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31Fidelity Canadian Growth Company Sr B1.65291.1688296942600
2024-02-29Parnassus Value Equity Investor1.43221.225257292800
2024-01-31Principal MidCap R51.20980.27612173317557332.6319
2023-12-31Principal Aligned MidCap Equity1.17870.282211758489800.4259
2024-02-29Vanguard Total Intl Stock Index Inv1.03260.01061855122122580.6652
2023-12-31Fidelity Canadian Opportunities Sr B0.72361.1146130000000
2024-02-29Vanguard Developed Markets Index Admiral0.60860.014109335480080.7378
2023-12-31Fidelity Greater Canada Sr F0.5010.73490000000
2024-02-29Vanguard Instl Ttl Intl Stk Mkt Idx TrII0.49440.010788816989231.0148
2024-02-29State St Russell Sm/Mid Cp® Indx NL Cl C0.44350.045279676300
2024-02-29iShares Global Clean Energy ETF USD Dist0.4320.533377612300
2023-12-31VT Gravis Clean Energy Income C GBP Acc0.41214.141574040000
2023-12-31Fidelity Special Situations Series F0.39320.86170630000
2024-02-29Principal Aligned SMA MidCap Equity0.38850.781569787021800.3134
2024-01-31FTF ClearBridge Global Infras Inc WAcc0.35361.1016635186-11246-1.7397
2024-02-29iShares Exponential Technologies ETF0.32210.395257873700
2023-11-30FP Foresight UK Infras Inc A GBP Acc0.31552.9786566856-14621-2.5145
2024-02-29iShares Global Clean Energy ETF0.31120.533455909500
2023-12-31Baird Chautauqua International Gr Instl0.30581.933554936411082125.2703
2023-09-30FIAM Small Cap Core Composite0.29660.365532858-23542-4.2311
Total 12.807918.505623009452+157494+0.7%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Brookfield Renewable Corp compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---3.5010.424-925%3.617-197%0.788-544%4.145-184%
Book Value Per Share--95.34693.363+2%81.074+18%67.270+42%65.416+46%
Current Ratio--0.3960.408-3%0.483-18%0.636-38%0.649-39%
Debt To Asset Ratio--0.6530.628+4%0.6550%0.594+10%0.550+19%
Debt To Equity Ratio--5.5805.056+10%7.001-20%9.120-39%8.323-33%
Dividend Per Share----0%0.217-100%0.294-100%0.376-100%
Eps---4.1581.635-354%2.092-299%0.264-1675%0.246-1787%
Free Cash Flow Per Share---0.1930.826-123%0.608-132%0.252-177%0.430-145%
Free Cash Flow To Equity Per Share--1.8230.073+2397%0.049+3642%0.343+432%0.520+250%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--9.015--------
Intrinsic Value_10Y_min--7.608--------
Intrinsic Value_1Y_max--0.429--------
Intrinsic Value_1Y_min--0.421--------
Intrinsic Value_3Y_max--1.649--------
Intrinsic Value_3Y_min--1.567--------
Intrinsic Value_5Y_max--3.306--------
Intrinsic Value_5Y_min--3.038--------
Market Cap4414000500.000-17%5172173191.5405353654422.975-3%6271132375.000-18%4851285484.595+7%4218509117.039+23%
Net Profit Margin---0.7010.048-1546%0.408-272%-0.043-94%-0.033-95%
Operating Margin--0.2040.541-62%0.798-74%0.294-31%0.302-32%
Operating Ratio--0.7960.732+9%0.668+19%0.709+12%0.705+13%
Pb Ratio0.258-17%0.3020.322-6%0.438-31%0.378-20%0.329-8%
Pe Ratio-1.477+15%-1.7312.333-174%0.967-279%-10.008+478%-8.702+403%
Price Per Share24.570-17%28.79029.800-3%34.908-18%27.004+7%23.482+23%
Price To Free Cash Flow Ratio-31.769+15%-37.226-2.059-94%17.212-316%3.246-1247%2.822-1419%
Price To Total Gains Ratio-7.018+15%-8.224-0.806-90%-102.784+1150%-30.175+267%-30.175+267%
Quick Ratio--0.3440.337+2%0.388-12%0.460-25%0.410-16%
Return On Assets---0.0150.000-7763%0.010-258%0.000-100%0.000-168182%
Return On Equity---0.129-0.015-88%0.065-299%-0.073-43%-0.063-51%
Total Gains Per Share---3.5010.424-925%3.834-191%1.083-423%4.521-177%
Usd Book Value--17129000000.00016773000000.000+2%14565000000.000+18%13212900000.000+30%12732608695.652+35%
Usd Book Value Change Per Share---3.5010.424-925%3.617-197%0.788-544%4.145-184%
Usd Book Value Per Share--95.34693.363+2%81.074+18%67.270+42%65.416+46%
Usd Dividend Per Share----0%0.217-100%0.294-100%0.376-100%
Usd Eps---4.1581.635-354%2.092-299%0.264-1675%0.246-1787%
Usd Free Cash Flow---34735084.000148316229.000-123%109250000.000-132%63513245.800-155%93120213.739-137%
Usd Free Cash Flow Per Share---0.1930.826-123%0.608-132%0.252-177%0.430-145%
Usd Free Cash Flow To Equity Per Share--1.8230.073+2397%0.049+3642%0.343+432%0.520+250%
Usd Market Cap4414000500.000-17%5172173191.5405353654422.975-3%6271132375.000-18%4851285484.595+7%4218509117.039+23%
Usd Price Per Share24.570-17%28.79029.800-3%34.908-18%27.004+7%23.482+23%
Usd Profit---747000000.000-9000000.000-99%399250000.000-287%-4050000.000-99%-1152173.913-100%
Usd Revenue--1066000000.000991750000.000+7%944500000.000+13%788000000.000+35%803652173.913+33%
Usd Total Gains Per Share---3.5010.424-925%3.834-191%1.083-423%4.521-177%
 EOD+3 -5MRQTTM+11 -22YOY+13 -225Y+13 -2210Y+13 -22

4.2. Fundamental Score

Let's check the fundamental score of Brookfield Renewable Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-1.477
Price to Book Ratio (EOD)Between0-10.258
Net Profit Margin (MRQ)Greater than0-0.701
Operating Margin (MRQ)Greater than00.204
Quick Ratio (MRQ)Greater than10.344
Current Ratio (MRQ)Greater than10.396
Debt to Asset Ratio (MRQ)Less than10.653
Debt to Equity Ratio (MRQ)Less than15.580
Return on Equity (MRQ)Greater than0.15-0.129
Return on Assets (MRQ)Greater than0.05-0.015
Total3/10 (30.0%)

4.3. Technical Score

Let's check the technical score of Brookfield Renewable Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.117
Ma 20Greater thanMa 5024.249
Ma 50Greater thanMa 10025.288
Ma 100Greater thanMa 20026.099
OpenGreater thanClose24.350
Total1/5 (20.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-12-312023-03-312023-06-302023-09-302023-12-31
Total Operating Expenses  346,000-4,000342,00017,000359,000-13,000346,000-352,000-6,000



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets49,421,000
Total Liabilities32,292,000
Total Stockholder Equity5,787,000
 As reported
Total Liabilities 32,292,000
Total Stockholder Equity+ 5,787,000
Total Assets = 49,421,000

Assets

Total Assets49,421,000
Total Current Assets3,298,000
Long-term Assets46,123,000
Total Current Assets
Cash And Cash Equivalents 792,000
Net Receivables 2,072,000
Inventory 65,000
Other Current Assets 369,000
Total Current Assets  (as reported)3,298,000
Total Current Assets  (calculated)3,298,000
+/-0
Long-term Assets
Property Plant Equipment 44,038,000
Goodwill 854,000
Long Term Investments 644,000
Intangible Assets 7,000
Long-term Assets Other 21,000
Long-term Assets  (as reported)46,123,000
Long-term Assets  (calculated)45,564,000
+/- 559,000

Liabilities & Shareholders' Equity

Total Current Liabilities8,335,000
Long-term Liabilities23,957,000
Total Stockholder Equity5,787,000
Total Current Liabilities
Short-term Debt 1,922,000
Short Long Term Debt 1,891,000
Accounts payable 184,000
Other Current Liabilities 6,178,000
Total Current Liabilities  (as reported)8,335,000
Total Current Liabilities  (calculated)10,175,000
+/- 1,840,000
Long-term Liabilities
Long term Debt 14,181,000
Capital Lease Obligations 501,000
Long-term Liabilities Other 94,000
Long-term Liabilities  (as reported)23,957,000
Long-term Liabilities  (calculated)14,776,000
+/- 9,181,000
Total Stockholder Equity
Accumulated Other Comprehensive Income -4,650,000
Other Stockholders Equity 10,437,000
Total Stockholder Equity (as reported)5,787,000
Total Stockholder Equity (calculated)5,787,000
+/-0
Other
Cash and Short Term Investments 792,000
Common Stock Shares Outstanding 179,652
Current Deferred Revenue51,000
Liabilities and Stockholders Equity 49,421,000
Net Debt 15,781,000
Net Invested Capital 21,859,000
Net Working Capital -5,037,000
Property Plant and Equipment Gross 44,038,000
Short Long Term Debt Total 16,573,000



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-03-31
> Total Assets 
0
23,368,000
23,368,000
0
10,277,000
0
24,338,000
22,097,000
33,325,000
34,343,000
39,473,000
38,133,000
38,805,000
37,762,000
41,986,000
43,073,000
41,769,000
40,805,000
43,288,000
43,250,000
44,206,000
43,801,000
49,421,000
49,421,00043,801,00044,206,00043,250,00043,288,00040,805,00041,769,00043,073,00041,986,00037,762,00038,805,00038,133,00039,473,00034,343,00033,325,00022,097,00024,338,000010,277,000023,368,00023,368,0000
   > Total Current Assets 
75,000
889,000
889,000
94,000
774,000
811,000
811,000
890,000
1,529,000
1,604,000
1,652,000
1,666,000
2,802,000
2,365,000
2,366,000
2,484,000
2,642,000
2,722,000
3,209,000
3,285,000
3,053,000
2,716,000
3,298,000
3,298,0002,716,0003,053,0003,285,0003,209,0002,722,0002,642,0002,484,0002,366,0002,365,0002,802,0001,666,0001,652,0001,604,0001,529,000890,000811,000811,000774,00094,000889,000889,00075,000
       Cash And Cash Equivalents 
0
94,000
94,000
0
211,000
0
67,000
152,000
229,000
377,000
355,000
298,000
396,000
413,000
410,000
558,000
571,000
566,000
642,000
657,000
343,000
328,000
792,000
792,000328,000343,000657,000642,000566,000571,000558,000410,000413,000396,000298,000355,000377,000229,000152,00067,0000211,000094,00094,0000
       Short-term Investments 
0
0
0
0
1,000
0
0
0
0
48,000
0
59,000
0
0
0
0
0
0
0
0
117,000
111,000
0
0111,000117,0000000000059,000048,00000001,0000000
       Net Receivables 
0
0
0
0
0
487,000
487,000
422,000
1,300,000
1,227,000
1,297,000
1,368,000
1,224,000
1,239,000
1,956,000
957,000
916,000
886,000
2,567,000
2,628,000
1,628,000
1,614,000
2,072,000
2,072,0001,614,0001,628,0002,628,0002,567,000886,000916,000957,0001,956,0001,239,0001,224,0001,368,0001,297,0001,227,0001,300,000422,000487,000487,00000000
       Other Current Assets 
0
0
0
0
0
125,000
107,000
95,000
179,000
82,000
45,000
68,000
66,000
77,000
83,000
89,000
71,000
1,250,000
53,000
68,000
81,000
124,000
369,000
369,000124,00081,00068,00053,0001,250,00071,00089,00083,00077,00066,00068,00045,00082,000179,00095,000107,000125,00000000
   > Long-term Assets 
0
22,388,000
22,388,000
0
9,471,000
0
23,527,000
21,207,000
31,796,000
32,739,000
37,821,000
36,467,000
36,003,000
35,397,000
39,620,000
40,589,000
39,127,000
38,083,000
40,079,000
39,965,000
41,153,000
41,085,000
46,123,000
46,123,00041,085,00041,153,00039,965,00040,079,00038,083,00039,127,00040,589,00039,620,00035,397,00036,003,00036,467,00037,821,00032,739,00031,796,00021,207,00023,527,00009,471,000022,388,00022,388,0000
       Property Plant Equipment 
0
21,269,000
21,269,000
0
8,592,000
22,306,000
22,306,000
20,157,000
28,527,000
31,170,000
36,097,000
34,009,000
34,248,000
33,660,000
37,915,000
38,654,000
37,258,000
36,158,000
37,828,000
38,264,000
39,241,000
39,205,000
44,038,000
44,038,00039,205,00039,241,00038,264,00037,828,00036,158,00037,258,00038,654,00037,915,00033,660,00034,248,00034,009,00036,097,00031,170,00028,527,00020,157,00022,306,00022,306,0008,592,000021,269,00021,269,0000
       Goodwill 
0
828,000
828,000
0
839,000
0
821,000
662,000
716,000
871,000
970,000
898,000
896,000
877,000
849,000
887,000
813,000
745,000
1,800,000
747,000
790,000
807,000
854,000
854,000807,000790,000747,0001,800,000745,000813,000887,000849,000877,000896,000898,000970,000871,000716,000662,000821,0000839,0000828,000828,0000
       Long Term Investments 
0
0
0
0
0
0
348,000
339,000
1,779,000
395,000
372,000
446,000
374,000
372,000
455,000
460,000
454,000
505,000
451,000
561,000
561,000
554,000
644,000
644,000554,000561,000561,000451,000505,000454,000460,000455,000372,000374,000446,000372,000395,0001,779,000339,000348,000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
235,000
233,000
228,000
225,000
222,000
218,000
220,000
216,000
211,000
208,000
206,000
7,000
7,000
7,000
7,0007,0007,000206,000208,000211,000216,000220,000218,000222,000225,000228,000233,000235,000000000000
       Other Assets 
0
91,000
91,000
0
32,000
50,000
50,000
49,000
32,000
168,000
217,000
261,000
260,000
236,000
401,000
368,000
237,000
250,000
652,000
0
0
170,000
0
0170,00000652,000250,000237,000368,000401,000236,000260,000261,000217,000168,00032,00049,00050,00050,00032,000091,00091,0000
> Total Liabilities 
0
9,072,000
9,072,000
0
4,159,000
0
9,596,000
8,822,000
17,722,000
24,627,000
27,748,000
27,395,000
27,361,000
26,856,000
27,761,000
29,193,000
27,941,000
27,077,000
26,464,000
27,539,000
27,712,000
26,043,000
32,292,000
32,292,00026,043,00027,712,00027,539,00026,464,00027,077,00027,941,00029,193,00027,761,00026,856,00027,361,00027,395,00027,748,00024,627,00017,722,0008,822,0009,596,00004,159,00009,072,0009,072,0000
   > Total Current Liabilities 
0
810,000
810,000
0
424,000
679,000
679,000
617,000
2,028,000
3,296,000
3,296,000
3,763,000
9,828,000
9,055,000
3,066,000
10,331,000
8,695,000
8,356,000
3,022,000
8,206,000
7,857,000
6,085,000
8,335,000
8,335,0006,085,0007,857,0008,206,0003,022,0008,356,0008,695,00010,331,0003,066,0009,055,0009,828,0003,763,0003,296,0003,296,0002,028,000617,000679,000679,000424,0000810,000810,0000
       Short-term Debt 
0
0
0
0
0
0
156,000
155,000
0
862,000
916,000
926,000
953,000
1,124,000
1,477,000
1,830,000
1,398,000
1,385,000
1,325,000
1,501,000
1,025,000
1,052,000
1,922,000
1,922,0001,052,0001,025,0001,501,0001,325,0001,385,0001,398,0001,830,0001,477,0001,124,000953,000926,000916,000862,0000155,000156,000000000
       Short Long Term Debt 
0
0
0
0
0
0
156,000
155,000
0
839,000
886,000
898,000
927,000
1,101,000
1,452,000
1,805,000
1,375,000
1,359,000
1,299,000
1,475,000
999,000
1,027,000
1,891,000
1,891,0001,027,000999,0001,475,0001,299,0001,359,0001,375,0001,805,0001,452,0001,101,000927,000898,000886,000839,0000155,000156,000000000
       Accounts payable 
0
159,000
159,000
0
55,000
255,000
66,000
47,000
2,028,000
3,296,000
3,296,000
3,763,000
137,000
126,000
3,066,000
103,000
108,000
132,000
3,022,000
2,779,000
139,000
166,000
184,000
184,000166,000139,0002,779,0003,022,000132,000108,000103,0003,066,000126,000137,0003,763,0003,296,0003,296,0002,028,00047,00066,000255,00055,0000159,000159,0000
       Other Current Liabilities 
0
651,000
651,000
0
369,000
88,000
457,000
415,000
75,000
-862,000
-916,000
-926,000
8,738,000
7,805,000
-1,477,000
7,432,000
6,346,000
6,839,000
-1,325,000
3,926,000
5,767,000
4,112,000
6,178,000
6,178,0004,112,0005,767,0003,926,000-1,325,0006,839,0006,346,0007,432,000-1,477,0007,805,0008,738,000-926,000-916,000-862,00075,000415,000457,00088,000369,0000651,000651,0000
   > Long-term Liabilities 
0
5,179,000
5,179,000
0
1,937,000
0
8,917,000
8,205,000
15,694,000
21,331,000
24,452,000
23,632,000
17,533,000
17,801,000
24,695,000
18,862,000
19,246,000
18,721,000
23,442,000
19,333,000
19,855,000
19,958,000
23,957,000
23,957,00019,958,00019,855,00019,333,00023,442,00018,721,00019,246,00018,862,00024,695,00017,801,00017,533,00023,632,00024,452,00021,331,00015,694,0008,205,0008,917,00001,937,00005,179,0005,179,0000
       Other Liabilities 
0
1,733,000
1,733,000
0
1,798,000
3,346,000
3,346,000
3,009,000
3,122,000
4,898,000
5,500,000
5,531,000
5,552,000
5,847,000
11,183,000
6,922,000
6,665,000
6,492,000
6,459,000
0
5,643,000
7,215,000
0
07,215,0005,643,00006,459,0006,492,0006,665,0006,922,00011,183,0005,847,0005,552,0005,531,0005,500,0004,898,0003,122,0003,009,0003,346,0003,346,0001,798,00001,733,0001,733,0000
> Total Stockholder Equity
0
2,006,000
2,006,000
0
1,134,000
0
7,748,000
7,073,000
15,603,000
1,295,000
1,177,000
814,000
1,559,000
1,551,000
3,667,000
3,014,000
3,812,000
4,178,000
5,873,000
4,920,000
5,384,000
6,676,000
5,787,000
5,787,0006,676,0005,384,0004,920,0005,873,0004,178,0003,812,0003,014,0003,667,0001,551,0001,559,000814,0001,177,0001,295,00015,603,0007,073,0007,748,00001,134,00002,006,0002,006,0000
   Common Stock
0
2,006,000
2,006,000
0
1,134,000
1,538,000
1,538,000
1,519,000
1,450,000
-4,320,000
-5,826,000
-5,871,000
-5,273,000
-4,964,000
3,667,000
-5,808,000
-4,738,000
-4,257,000
0
0
5,384,000
-2,589,000
0
0-2,589,0005,384,00000-4,257,000-4,738,000-5,808,0003,667,000-4,964,000-5,273,000-5,871,000-5,826,000-4,320,0001,450,0001,519,0001,538,0001,538,0001,134,00002,006,0002,006,0000
   Retained Earnings Total Equity00000000000000000000000
   Accumulated Other Comprehensive Income -4,650,000-3,910,000-5,203,000-2,473,000-4,742,000000000000000000000
   Capital Surplus 00000000000000000000000
   Treasury Stock00000000000000000000000
   Other Stockholders Equity 
0
-2,006,000
-2,006,000
0
-1,134,000
6,210,000
7,748,000
7,073,000
15,603,000
1,295,000
1,177,000
814,000
1,559,000
1,551,000
3,667,000
3,014,000
8,550,000
4,178,000
10,615,000
7,393,000
10,587,000
10,586,000
10,437,000
10,437,00010,586,00010,587,0007,393,00010,615,0004,178,0008,550,0003,014,0003,667,0001,551,0001,559,000814,0001,177,0001,295,00015,603,0007,073,0007,748,0006,210,000-1,134,0000-2,006,000-2,006,0000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue3,967,000
Cost of Revenue-2,808,000
Gross Profit1,159,0001,159,000
 
Operating Income (+$)
Gross Profit1,159,000
Operating Expense-88,000
Operating Income1,071,0001,071,000
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense88,0000
 
Net Interest Income (+$)
Interest Income87,000
Interest Expense-1,258,000
Other Finance Cost-43,000
Net Interest Income-1,214,000
 
Pretax Income (+$)
Operating Income1,071,000
Net Interest Income-1,214,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)389,0001,753,000
EBIT - interestExpense = -187,000
-108,000
1,077,000
Interest Expense1,258,000
Earnings Before Interest and Taxes (EBIT)1,071,0001,647,000
Earnings Before Interest and Taxes (EBITDA)2,413,000
 
After tax Income (+$)
Income Before Tax389,000
Tax Provision-103,000
Net Income From Continuing Ops1,888,000286,000
Net Income-181,000
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses2,896,000
Total Other Income/Expenses Net-682,0001,214,000
 

Technical Analysis of Brookfield Renewable Corp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Brookfield Renewable Corp. The general trend of Brookfield Renewable Corp is BEARISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Brookfield Renewable Corp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-57.1%) Bearish trend (57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Brookfield Renewable Corp.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 25.60 < 25.60 < 27.16.

The bearish price targets are: 23.26 > 23.17 > 22.64.

Tweet this
Brookfield Renewable Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Brookfield Renewable Corp. The current mas is .

The long score for the Moving Averages is 3/14.
The longshort score for the Moving Averages is -8/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Brookfield Renewable Corp Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Brookfield Renewable Corp. The current macd is -0.24951655.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Brookfield Renewable Corp price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Brookfield Renewable Corp. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Brookfield Renewable Corp price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Brookfield Renewable Corp Daily Moving Average Convergence/Divergence (MACD) ChartBrookfield Renewable Corp Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Brookfield Renewable Corp. The current adx is 21.03.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Brookfield Renewable Corp shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Brookfield Renewable Corp Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Brookfield Renewable Corp. The current sar is 23.20.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Brookfield Renewable Corp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Brookfield Renewable Corp. The current rsi is 51.12. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending up: The RSI is trending up. +1
Brookfield Renewable Corp Daily Relative Strength Index (RSI) ChartBrookfield Renewable Corp Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Brookfield Renewable Corp. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Brookfield Renewable Corp price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Brookfield Renewable Corp Daily Stochastic Oscillator ChartBrookfield Renewable Corp Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Brookfield Renewable Corp. The current cci is 38.03.

Brookfield Renewable Corp Daily Commodity Channel Index (CCI) ChartBrookfield Renewable Corp Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Brookfield Renewable Corp. The current cmo is 14.35.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Brookfield Renewable Corp Daily Chande Momentum Oscillator (CMO) ChartBrookfield Renewable Corp Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Brookfield Renewable Corp. The current willr is -42.38683128.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Brookfield Renewable Corp is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Brookfield Renewable Corp Daily Williams %R ChartBrookfield Renewable Corp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Brookfield Renewable Corp.

Brookfield Renewable Corp Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Brookfield Renewable Corp. The current atr is 0.63903896.

Brookfield Renewable Corp Daily Average True Range (ATR) ChartBrookfield Renewable Corp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Brookfield Renewable Corp. The current obv is -21,413,678.

Brookfield Renewable Corp Daily On-Balance Volume (OBV) ChartBrookfield Renewable Corp Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Brookfield Renewable Corp. The current mfi is 47.96.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Brookfield Renewable Corp Daily Money Flow Index (MFI) ChartBrookfield Renewable Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Brookfield Renewable Corp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-09CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-24CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-28CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-04RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-05STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-10RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-16DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-17CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-24DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-26WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-31WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-05BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-08CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-18CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-19MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-27SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside

6.3. Candlestick Patterns

Brookfield Renewable Corp Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Brookfield Renewable Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.117
Ma 20Greater thanMa 5024.249
Ma 50Greater thanMa 10025.288
Ma 100Greater thanMa 20026.099
OpenGreater thanClose24.350
Total1/5 (20.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of Brookfield Renewable Corp with someone you think should read this too:
  • Are you bullish or bearish on Brookfield Renewable Corp? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Brookfield Renewable Corp? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about Brookfield Renewable Corp

I send you an email if I find something interesting about Brookfield Renewable Corp.


Comments

How you think about this?

Leave a comment

Stay informed about Brookfield Renewable Corp.

Receive notifications about Brookfield Renewable Corp in your mailbox!