Section 1: Company Overview and Fundamental Insights

1.1 Company Overview: Brookfield Renewable Corporation (NYSE: BEPC) operates renewable power projects. The company’s portfolio consists of wind, solar, and hydroelectricity facilities. BEPC’s operations are primarily located in the US, Brail, Colombia, and Europe. Kalkine’s Global Green Energy Report covers the Key Financial Metrics, Risks, Outlook, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.

1.2 The Key Positives, Negatives, Investment Highlights, and Risks

1.3 Top 10 Shareholders:

The top 10 shareholders together form ~41.46% of the total shareholding. Brookfield Asset Management, Inc. and The Vanguard Group, Inc. holds a maximum stake in the company at ~26.02% and ~2.59%, respectively.

1.4 Operational Highlights for 12-month ended 31 December 2022 (FY22)

Section 2: Business Update and Historical Financial Highlights

2.1 Business Update

2.2 Five-Year Financial Highlights

Section 3: Risk and Future Prospects

Section 4: Valuation, Stock Recommendation Summary, Technical Table, and Price Chart

The stock has witnessed a surge of ~6.60% in last 3 month, and over the last 6 months, it has advanced by ~8.88%. The stock has a 52-week low and 52-week high of USD 27.19 and USD 42.97, respectively and is currently trading above the average of a 52-week high-low average.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 18 April 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual’s appetite for upside potential, risks, holding duration, and any previous holdings. An ‘Exit’ from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.