Why Brookfield Renewable Stock Is Falling Today
Brookfield Renewable (NYSE: BEP)(NYSE: BEPC) stock has entered August on a somber note. While units of the partnership were trading 4.4% lower as of 11 a.m. ET Wednesday, shares of the corporate entity were down 3.8%.
The renewable energy giant has come under a probe, but it's not what you think. In fact, today's move in Brookfield Renewable stock serves as a great reminder of why you should read beyond the headlines and not panic if a stock's falling.
In October last year, Brookfield Renewable formed a partnership with uranium giant Cameco to acquire Westinghouse Electric, one of the world's largest nuclear services companies. Westinghouse serves almost half of the global nuclear power generation sector and derives almost 85% of its revenue under long-term contracts.
Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 16 Buy predictions and 1 Sell predictions.
However, we have a potential of -0.94% for Brookfield Corp. as the target price of 42 € is below the current price of 42.4 €.
