Brookfield Renewable(BEP) Soars 1.42% Amid Green Bond Issuance

Generated by AI AgentAinvest Movers Radar
Wednesday, Jun 4, 2025 6:26 pm ET1min read

Brookfield Renewable(BEP) shares experienced a significant intraday gain of 1.42%, reaching their highest level since December 2024, despite a 3.04% decline in the overall market.

Over the past five years, the strategy of buying BEP shares after they reached a high and holding for one week resulted in a significant underperformance compared to the benchmark. The strategy yielded a return of -6.81%, while the benchmark returned 50.09%. The excess return was -56.91%, and the CAGR was -2.90%. The strategy also had a high maximum drawdown of -33.96% and a Sharpe ratio of -0.09, indicating a high risk and negative returns.

Brookfield Renewable is planning to issue C$250 million in green bonds, which is expected to be finalized around June 10, 2025. This issuance marks Brookfield's 17th offering of green-labelled securities in North America. The issuance could impact the stock price by reflecting the company's commitment to sustainable financing and possibly influencing investor sentiment positively.


Comments



Add a public comment...
No comments

No comments yet