Following these proceedings, JP Morgan upgraded its Brookfield Renewable Partners LP [BEP] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late September from “a Neutral” to “a Buy”. UBS also remained covering BEP and has decreased its forecast on November 17, 2023 with a “Neutral” recommendation from previously “Buy” rating.
Price Performance Review of BEP
On Friday, Brookfield Renewable Partners LP [NYSE:BEP] saw its stock fall -0.93% to $22.44. Over the last five days, the stock has gained 2.51%. Brookfield Renewable Partners LP shares have fallen nearly -1.54% since the year began. Nevertheless, the stocks have fallen -9.77% over the past one year. While a 52-week high of $29.56 was reached on 01/07/25, a 52-week low of $19.92 was recorded on 01/22/25. SMA at 50 days reached $22.91, while 200 days put it at $25.04.
Levels Of Support And Resistance For BEP Stock
The 24-hour chart illustrates a support level at 22.12, which if violated will result in even more drops to 21.79. On the upside, there is a resistance level at 22.95. A further resistance level may holdings at 23.45. The Relative Strength Index (RSI) on the 14-day chart is 54.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.50%. Stochastics %K at 90.13% indicates the stock is a selling.
How much short interest is there in Brookfield Renewable Partners LP?
A steep rise in short interest was recorded in Brookfield Renewable Partners LP stocks on 2025-01-15, growing by 0.29 million shares to a total of 1.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.02 million shares. There was a rise of 22.26%, which implies that there is a positive sentiment for the stock.
