2 Stocks Down More Than 50% to Buy Right Now
The S 500 could be hovering near record highs, but 2023 wasn't kind to some stocks. While some stocks crumbled on reasonable concerns, others were punished despite deserving better. Two such stocks are Brookfield Renewable (NYSE: BEPC) and Whirlpool (NYSE: WHR).
While one company continues to grow steadily and looks on track to deliver record numbers for financial year 2023, the other is making all the right moves to navigate the challenging times and emerge a stronger player in the industry. Here's why you'll want to buy them while they're still each down more than 50% off their all-time highs.
Neha Chamaria (Brookfield Renewable): Shares of Brookfield Renewable disappointed in 2023, generating barely a quarter of the S 500's return in the year as investors grew wary of the company's growth prospects amid rising interest rates. The renewable energy stock's been knocked almost 54% off its all-time highs now. That may sound scary, but for anyone looking for a value pick that also offers dividend growth, Brookfield Renewable stock is a great choice.
Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 14 Buy predictions and 1 Sell predictions.
As a result the target price of 42 € shows a slightly positive potential of 10.53% compared to the current price of 38.0 € for Brookfield Corp..
