Brookfield Renewable's 15-min chart triggered KDJ Golden Cross, bullish Marubozu candle.

Brookfield Renewable's 15-minute chart has recently exhibited a notable technical indicator, namely the KDJ Golden Cross, coupled with a Bullish Marubozu at 04/24/2025 15:30. This suggests a shift in momentum towards the upside, indicating a potential for further price appreciation. The dominance of buyers in the market, coupled with the prevailing bullish momentum, is likely to continue, making it a favorable time for investors to consider acquiring shares.

Brookfield Renewable Partners L.P. (NYSE: BEP) has recently exhibited a significant technical indicator, the KDJ Golden Cross, coupled with a Bullish Marubozu at 04/24/2025 15:30. This combination suggests a shift in momentum towards the upside, indicating a potential for further price appreciation [1].

The KDJ Golden Cross is a technical indicator that occurs when the K-line crosses above the D-line on the KDJ indicator, signaling a shift from bearish to bullish momentum. The Bullish Marubozu, a candlestick pattern, signifies a strong bullish trend, with the entire body of the candlestick being red and no shadows, indicating a strong buying pressure.

The dominance of buyers in the market, coupled with the prevailing bullish momentum, is likely to continue, making it a favorable time for investors to consider acquiring shares. This is supported by recent institutional holdings in Brookfield Renewable Partners, which have increased significantly during the fourth quarter [1].

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation [2].

The company has a market capitalization of $6.12 billion, a PE ratio of -24.20, and a beta of 0.99. Brookfield Renewable Partners L.P. has a 52-week low of $19.29 and a 52-week high of $29.56. The firm has a fifty-day moving average of $22.33 and a 200-day moving average of $23.54 [1].

Brookfield Renewable Partners L.P. last posted its quarterly earnings data on January 31st, reporting ($0.06) earnings per share (EPS), topping analysts' consensus estimates of ($0.22) by $0.16. The company has a negative return on equity of 0.03% and a negative net margin of 0.15% [1].

Several research firms have recently weighed in on BEP. Scotiabank increased their price target on Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an "outperform" rating. Barclays assumed coverage on shares of Brookfield Renewable Partners in a research note, issuing an "equal weight" rating and a $27.00 target price. National Bankshares reduced their price objective on shares of Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating for the company. Wells Fargo & Company dropped their target price on Brookfield Renewable Partners from $31.00 to $29.00 and set an "overweight" rating on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating on the stock [1].

Brookfield Renewable Partners has an average rating of "Moderate Buy" and a consensus target price of $30.18, according to data from MarketBeat.com [1].

References:
[1] https://www.marketbeat.com/instant-alerts/td-waterhouse-canada-inc-acquires-98966-shares-of-brookfield-renewable-partners-lp-nysebep-2025-04-22/
[2] https://www.marketbeat.com/brookfield-renewable-partners-lp/