If the term "four quadrant" is used correctly, then it can regenerate power, as Skogs says. By definition, two of the quadrants are motoring, and two are generating.
Skogs' warning about making sure you can handle the regenerated power is very important. The first place the power goes is to charge up the DC bus capacitors, increasing the bus voltage. If this has ANY possibility of increasing the voltage past safe limits, you must then be able to remove power from the capacitor bank by one of the methods he suggests.