Brookfield Renewable Corp shares are trading lower after acquiring Duke Energy's utility-scale Commercial Renewables business for $2.8 billion.
Portfolio Pulse from Benzinga Newsdesk
Brookfield Renewable Corp has acquired Duke Energy's utility-scale Commercial Renewables business for $2.8 billion, causing its shares to trade lower.
June 13, 2023 | 11:04 am
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NEGATIVE IMPACT
Brookfield Renewable Corp's shares are trading lower after acquiring Duke Energy's Commercial Renewables business for $2.8 billion.
The acquisition of Duke Energy's Commercial Renewables business for $2.8 billion has led to a short-term negative impact on Brookfield Renewable Corp's share price. Investors may be concerned about the cost of the acquisition and its potential impact on the company's financials.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100