Growth Prospects and Investment Plans - NextEra Energy plans to invest $65 billion to $70 billion in renewables over the next four years, targeting up to 46.5 GW of new renewables capacity through 2027 [8] - The company expects to deploy around $12 billion into solar between 2024 and 2027 to generate more cost-effective power at FPL [8] - NextEra Energy's adjusted earnings per share could grow by 6% to 8% through 2027, supporting an annual dividend growth of 10% [8] - Clearway Energy has a capital-recycling strategy, redeploying proceeds from thermal asset sales into higher-returning renewable-energy investments [11] - Clearway Energy has secured or has visibility into new investments, driving future cash-flow growth and supporting dividend increases toward the upper end of its 5% to 8% annual target range through 2026 [11] Dividend Growth and Yield - NextEra Energy expects to grow its dividend per share by nearly 10% annually through at least 2026, backed by earnings and cash-flow growth [3] - Brookfield Renewable offers a dividend yield of 4.7% for the corporate share class and 5.5% for the partnership version, with annual growth targeted at 5% to 9% [5] - Clearway Energy's dividend yield has risen to 6.5% due to higher interest rates weighing on renewable-energy stocks [6] - Clearway Energy's growth potential beyond 2026 could increase its dividend toward the low end of its range in 2027 [7] Market Performance and Catalysts - Clearway Energy shares declined by about 10% in the first half of 2024, roughly 40% below their 2022 peak [6] - Falling interest rates are expected to shift from a headwind to a tailwind for Clearway and the renewable energy sector in the second half of 2024 and beyond [15] - NextEra Energy stock has rallied around 18% year-to-date but remains nearly 24% below its all-time highs [17] - Brookfield Renewable, in conjunction with Brookfield Asset Management, acquired Duke Energy's renewable-power business, which is expected to be immediately accretive [10] Industry Leadership and Capacity - NextEra Energy owns Florida Power & Light Company (FPL), the largest utility in the U.S., and is the world's largest producer of wind and solar energy [12] - FPL has nearly 35 GW of capacity, while NextEra Energy's renewables business has around 34 GW of capacity in operation [12] - Brookfield Renewable is backed by Brookfield Asset Management, a Canadian asset manager with a successful history of global infrastructure investments [5] - Brookfield Renewable has an investment-grade-rated balance sheet and the financial backing to weather swings in the clean energy sector [14]

The S&P 500 index is only offering investors a 1.3% or so yield today, which is pretty slim by just about any standard. You can do much better than that. If you have $100, $1,000, $10,000 or more, you'll want to look at high-yield stocks like Enbridge (ENB 0.74%), WEC Energy (WEC -0.61%), and Brookfield Renewable (BEP -1.35%) (BEPC -2.09%). Here's a quick overview of each one. This is how Enbridge has managed to increase its dividend annually for 29 consecutive years. The dividend is also backed by an inves ...

BROOKFIELD, NEWS, July 17, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX:BEP, NYSE:BEP) ("Brookfield Renewable") today announced that after having taken into account all election notices received by the July 16, 2024 deadline for conversion of Brookfield Renewable Power Preferred Equity Inc.'s ("BRP Equity") currently outstanding Class A Preference Shares, Series 3 (the "Series 3 Shares") (TSX:BRF) into Class A Preference Shares, Series 4 (the "Series 4 Shares"), no Series 3 Shares will b ...

The price of Brookfield Renewable has plunged, but it continues to reward investors with reliable dividend growth. If you want to understand Brookfield Renewable, you need to start by understanding Brookfield Asset Management (BAM 1.42%). Brookfield Asset Management is a large Canadian asset manager with an over 100-year history of investing in infrastructure on a global scale. It tries to buy assets when they appear attractively priced. It runs the assets it buys while, at the same time, trying to improve ...

BROOKFIELD, NEWS, July 15, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC))) ("Brookfield Renewable") today announced that it has agreed to issue C$400 million aggregate principal amount of medium-term notes (the "Notes"), comprised of C$100 million aggregate principal amount of Series 17 Notes (the "Series 17 Notes"), due January 10, 2054, with an effective interest rate1 of 5.417% and C$300 million aggregate principal amount of Series 18 Notes (the "Series 18 Notes"), due Oct ...

Core Insights - The article highlights the potential of under-the-radar stocks that are less known but can generate significant returns for investors [1][2]. Group 1: Gigacloud Technology (GCT) - Gigacloud Technology is a B2B furniture marketplace that connects manufacturers with buyers globally, benefiting from strong logistics and warehouse infrastructure [4]. - In Q1, Gigacloud reported a revenue increase of 96.5% to $251 million, with gross merchandise value (GMV) rising by 64%, driven by the launch of its Branding-as-a-service (BaaS) and an expanding supplier base [5]. - Despite a 335% increase in shares over the past year, GCT is considered undervalued with a forward P/E ratio of 9.3x, indicating potential for further gains [6]. Group 2: Brookfield Renewables Corp (BEPC) - Brookfield Renewables Corp is part of a platform that invests in renewable power and decarbonization solutions, providing access to a globally diversified portfolio [7]. - The company reported a net income of $419 million, a significant recovery from a loss of $920 million in 2023, with revenue increasing to $1.1 billion from $1 billion year-over-year [8]. - Despite facing challenges from rising interest rates, BEPC offers a dividend yield of 4.92% and is undervalued with a P/E ratio of 3.7, making it a strong investment opportunity [9]. Group 3: MGM Resorts International (MGM) - MGM Resorts operates several entertainment venues and casinos, with a notable decline of 5% in shares this year amid a challenging macroeconomic environment [10]. - The company reported a 13% year-over-year revenue increase to $4.4 billion, largely due to a 71% surge in casino revenues from MGM China [11]. - MGM's investments in sports betting and plans for luxury offerings and international ventures indicate significant growth potential, positioning it as a promising long-term investment [12].

That strategy makes it less reliant on the volatile capital markets to fund deals, and it enhances its per-share increases. The upcoming swap of the stable Saeta Yield for the fast-growing Neoen is the latest example of this smart strategy in action. A high-powered dividend growth stock Brookfield Renewable isn't your typical high-yield dividend stock. The leading operator in global renewable energy is also growing fast. A big catalyst is its ability to supercharge that by making accretive acquisitions fund ...

Core Insights - Brookfield Renewable is positioned as a significant beneficiary of the increasing demand for power driven by artificial intelligence (AI) applications [1][7][18] Group 1: Demand Growth - The demand for renewable energy is expected to accelerate significantly, particularly as technology companies commit to powering their data centers with renewable sources [8][14] - Data centers currently consume 1% to 2% of global electricity, with projections indicating this could rise to 3%-4% by 2030 due to the high power requirements of AI applications [14] Group 2: Strategic Opportunities - Brookfield has a substantial development pipeline exceeding 155 GW across various stages, bolstered by in-house capabilities and acquisitions, including a majority interest in Neoen [5][10] - A landmark agreement with Microsoft to deliver 10.5 GW of renewable capacity from 2026 to 2030 highlights Brookfield's ability to secure large contracts, significantly larger than previous agreements [15] Group 3: Growth Potential - The company anticipates growing its cash flow per share at over 10% annually through 2028, supporting a long-term dividend growth target of 5% to 9% [17] - Brookfield's current operating capacity is around 33 GW, with plans to build an additional 7 GW of new renewable energy generation capacity annually through 2030 [10][18] Group 4: Market Position - Despite the robust growth potential, Brookfield's stock is currently over 30% below its three-year high, presenting a compelling long-term investment opportunity [12] - The expected surge in power demand from AI is likely to enhance Brookfield's dividend income and earnings growth profile [18]

The U.S. Energy Information Administration forecasts electricity generation will grow by about 3% in 2024 and 1% next year with renewables — mostly solar — supplying most of that growth. Below are three of the leading renewable energy stocks to buy that tap into each of those sectors. By spreading investments across the full range of clean energy opportunities, investors can benefit from the advantages each brings to the market. Source: T. Schneider / Shutterstock.com Over the past decade, NextEra nearly tr ...

BROOKFIELD, NEWS, June 24, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Corporation (the "Corporation") ((TSX, NYSE:BEPC) today announced that all nine nominees proposed for election to the board of directors of the Corporation by holders of class A exchangeable subordinate voting shares ("Exchangeable Shares") and holders of class B multiple voting shares ("Class B Shares") were elected at the Corporation's annual meeting of shareholders held on June 24, 2024 in a virtual meeting format. Detailed results ...