Brookfield Renewable saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 79 to 82.
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IBD's unique RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they begin their biggest climbs.
Brookfield Renewable is not currently offering a proper buying opportunity. See if the stock goes on to form a sound pattern that could ignite a new run.
Brookfield Renewable saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -99% to 0%. Revenue rose from -19% to -4%.
Brookfield Renewable earns the No. 26 rank among its peers in the Energy-Alternative/Other industry group. Bloom Energy, Enlight Renewable Energy and Ormat Technologies 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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