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Vitalii Liubimov's Avatar
published in Blogs
Oct 28, 2023

$BEP, $ORA, $AQN, $NEP, $ENLT, and others have declined by 10% to 45% in the past month.

 

Alternative Power Generation stocks have dropped by 10% to 45% in the past month. You can receive intraday signals on these stocks by subscribing to our robots. Learn more at AI ROBOTS

Industry description: The alternative power generation industry consists of companies that operate power facilities converting non-conventional forms of energy into electricity. These energy forms are alternatives to fossil fuels, and many of them are derived from natural resources. Alternative energy forms include solar, wind, hydro, and geothermal steam. A major purpose behind using alternative energy – also called 'clean' energy - is to address concerns related to the more conventional fossil fuels, such as the latter's high carbon dioxide emissions which is often considered a factor in global warming. Alternative power generation has been gaining traction in recent years and could grow further in the future. Large organizations like Google have invested substantially in wind and solar energy-powered electricity. Some of the prominent U.S. companies operating in the alternative power generation industry include Ormat Technologies, Inc., TerraForm Power, Inc., and NextEra Energy Partners LP.

Market Cap: The average market capitalization across the Alternative Power Generation Industry is $5.1 billion. The market cap for tickers in the group ranges from $10 to $118.2 billion. REOVF holds the highest valuation in this group at $118.2 billion. The lowest valued company is CDVM at $10.

High and low price notable news: The average weekly price growth across all stocks in the Alternative Power Generation Industry was -1.91%. For the same Industry, the average monthly price growth was 22.82%, and the average quarterly price growth was -4.71%. AZREF experienced the highest price growth at 42.24%, while WNDW experienced the biggest fall at -39.1%.

Volume: The average weekly volume growth across all stocks in the Alternative Power Generation Industry was -5.96%. For the same stocks of the Industry, the average monthly volume growth was -15.85%, and the average quarterly volume growth was -2.54%.

Fundamental Analysis Ratings: The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows:

  • Valuation Rating: 68
  • P/E Growth Rating: 65
  • Price Growth Rating: 56
  • SMR Rating: 76
  • Profit Risk Rating: 85
  • Seasonality Score: 11 (-100 ... +100)

BEP's MACD Histogram crosses above signal line: The Moving Average Convergence Divergence (MACD) for BEP turned positive on October 17, 2023. Looking at past instances where BEP's MACD turned positive, the stock continued to rise in 31 of 41 cases over the following month. The odds of a continued upward trend are 76%.

ORA's Indicator enters downward trend: The Aroon Indicator for ORA entered a downward trend on October 26, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 125 similar instances where the Aroon Indicator formed such a pattern. In 79 of the 125 cases, the stock moved lower. This puts the odds of a downward move at 63%.

AQN's Indicator enters downward trend: The Aroon Indicator for AQN entered a downward trend on October 26, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 141 similar instances where the Aroon Indicator formed such a pattern. In 88 of the 141 cases, the stock moved lower. This puts the odds of a downward move at 62%.

NEP's RSI Indicator ascending out of oversold territory: The RSI Indicator for NEP moved out of oversold territory on October 24, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 32 similar instances when the indicator left oversold territory. In 23 of the 32 cases, the stock moved higher. This puts the odds of a move higher at 72%.

Related Ticker: BEP, ORA, AQN, XIFR, ENLT, AY, ELLO

Aroon Indicator for BEP shows an upward move is likely

BEP's Aroon Indicator triggered a bullish signal on March 04, 2025. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 195 similar instances where the Aroon Indicator showed a similar pattern. In of the 195 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

BEP moved above its 50-day moving average on March 05, 2025 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BEP advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for BEP moved out of overbought territory on February 21, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on March 26, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on BEP as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for BEP turned negative on March 26, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BEP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.404) is normal, around the industry mean (1.878). P/E Ratio (0.000) is within average values for comparable stocks, (104.447). Projected Growth (PEG Ratio) (3.506) is also within normal values, averaging (2.824). Dividend Yield (0.059) settles around the average of (0.051) among similar stocks. P/S Ratio (1.305) is also within normal values, averaging (22.824).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BEP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BEP’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock worse than average.

Industry description

The alternative power generation industry consists of companies that operate power facilities converting non-conventional forms of energy into electricity. These energy forms are alternatives to fossil fuels, and many of them are derived from natural resources. Alternative energy forms include solar, wind, hydro, and geothermal steam. A major purpose behind using alternative energy – also called ‘clean’ energy - is to address concerns related to the more conventional fossil fuels, such as the latter’s high carbon dioxide emissions which is often considered a factor in global warming. Alternative power generation has been gaining traction in recent years, and could grow further in the future. Large organizations like Google have invested substantially in wind and solar energy-powered electricity. Some of the prominent U.S. companies operating in the alternative power generation industry includes Ormat Technologies, Inc., TerraForm Power, Inc. and NextEra Energy Partners LP.

Market Cap

The average market capitalization across the Alternative Power Generation Industry is 6.84B. The market cap for tickers in the group ranges from 10 to 118.24B. REOVF holds the highest valuation in this group at 118.24B. The lowest valued company is CDVM at 10.

High and low price notable news

The average weekly price growth across all stocks in the Alternative Power Generation Industry was -1%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was -10%. PWCO experienced the highest price growth at 67%, while AZREF experienced the biggest fall at -28%.

Volume

The average weekly volume growth across all stocks in the Alternative Power Generation Industry was 20%. For the same stocks of the Industry, the average monthly volume growth was -0% and the average quarterly volume growth was 74%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 60
P/E Growth Rating: 57
Price Growth Rating: 60
SMR Rating: 83
Profit Risk Rating: 91
Seasonality Score: 10 (-100 ... +100)
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