On Tuesday, Brookfield Renewable earned an upgrade to its Relative Strength (RS) Rating, from 68 to 71.
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IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 in the early stages of their moves. See if Brookfield Renewable can continue to rebound and clear that threshold.
Brookfield Renewable is building a flat base with a 37.00 buy point. See if it can break out in heavy trading.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -99% to 0%. Revenue rose from -19% to -4%.
The company earns the No. 30 rank among its peers in the Energy-Alternative/Other industry group. Bloom Energy, Enlight Renewable Energy and Kenon Holdings are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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