Brookfield Renewable Partners L.P.(BEP)

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3 Nuclear Stocks Ready to Explode as the Energy Landscape Shifts
Investor Place· 2024-06-21 10:00
Investors looking for nuclear stocks to buy likely saw these developments make waves throughout the sector but, if not, these companies stand to gain the most from a nuclear renaissance. Nano Nuclear Energy (NASDAQ:NNE) is already the top nuclear stock to buy if you don't mind a bit of operational speculation and can stomach some volatility moving forward. Shares already doubled since debuting on stock exchanges in April, and I don't expect that momentum to slow soon. Brookfield Renewable Partners (BEP) Bey ...
This Magnificent Dividend Stock Has AI-Powered Upside Potential
The Motley Fool· 2024-06-18 09:07
Brookfield Renewable's already strong growth potential could accelerate in the future. The leading renewable energy dividend stock expects to continue increasing its payout in the future, targeting 5% to 9% annual growth. Given its robust growth prospects, which are only growing stronger thanks to artificial intelligence (AI), dividend growth toward the high end of its range seems increasingly likely. Brookfield Renewable has grown briskly over the years. The company's funds from operations (FFO) have risen ...
The 3 Best Renewable Energy Stocks to Buy in June 2024
Investor Place· 2024-06-13 10:22
Group 1: First Solar (FSLR) - First Solar is one of the largest pure-play solar companies globally, with a market cap exceeding $28 billion [1] - The current average price target for FSLR is slightly lower than its traded price, but the highest target of $356 suggests a potential upside of nearly 40% [1] - FSLR has rebounded significantly in 2024, gaining 55% year-to-date, primarily since mid-May [6] - Despite recent gains, FSLR trades at 8x sales and 20x forward earnings, which are lower multiples compared to earlier in 2023 [11] - First Solar's gross margins stand at an impressive 43%, significantly above the industry average of 28.7% [11] Group 2: Brookfield Renewable Partners (BEP) - Brookfield Renewable Partners owns a diversified portfolio of renewable energy assets, including 10,700 MW of hydro, 37,200 MW of wind, 75,300 MW of solar, and 26,400 MW of storage [3] - The current price of BEP is slightly below the average Wall Street analyst target of $28.90 and about 30% lower than the high-end target of $34 [8] - BEP trades at just 1.4x sales, with a 10-year revenue compounded annual growth rate (CAGR) of 11% [13] - Brookfield is focused on expanding its holdings and acquiring new infrastructure, while also offering a dividend yield of over 5% [13] Group 3: Rivian (RIVN) - Rivian has faced challenges in scaling production and has seen a significant drop in stock price since its IPO [10] - The company recently announced three new lower-priced vehicles expected to launch by 2026, which could positively impact its market position [10] - Analysts have set a one-year price target range for Rivian between $10 and $36, with an average target of $15.92, indicating potential for over 200% upside [14] - Rivian's shares are currently trading at historical lows of 2.2x sales, while revenues have improved over the past three years [15]
2 Dividend-Paying Energy Stocks to Buy at a Discount
The Motley Fool· 2024-06-13 09:45
The S&P 500 index is hovering near all-time highs which means it's yielding a scant 1.3% or so. But you can still find attractive (i.e. inexpensive) dividend stocks to add to your portfolio -- if you look hard enough. Right now, the broader energy sector has two examples that still appear to be trading at a discount: Brookfield Renewable (BEP -1.87%) (BEPC -2.01%) and Enbridge (ENB 0.51%). Here's why you'll want to look at both of them. Brookfield Renewable has two share classes you can buy: one that is str ...
3 High-Yield Dividend Stocks to Buy in June to Safeguard Your Portfolio From Future Storms
The Motley Fool· 2024-06-08 15:01
Unfortunately, the market will eventually go through more storms in the future. Because of that, investors should look for ways to safeguard their portfolios ahead of future downturns. Enterprise Products Partners (EPD -0.25%), Brookfield Infrastructure (BIP -3.42%) (BIPC -3.88%), and Brookfield Renewable (BEP -4.24%) (BEPC -3.35%) stand out to a few Fool.com contributors for their resilient dividends. Here's why they think investors should buy these high-quality, high-yielding dividend stocks ahead of the ...
3 Utility Dividend Stocks to Buy Hand Over Fist in June
The Motley Fool· 2024-06-08 08:02
Core Viewpoint - The article discusses three utility companies—NextEra Energy, Brookfield Renewable, and Dominion Energy—highlighting their dividend growth potential and strategies in the clean energy sector. Group 1: NextEra Energy - NextEra Energy is characterized as a "dividend growth machine," with a significant portion of its business stemming from regulated utility operations, particularly Florida Power & Light, which provides steady growth [3] - The company has achieved an annualized dividend growth rate of around 10% over the past decade and projects to maintain this growth rate until at least 2026 [10][11] - NextEra plans to build up to 41.8 gigawatts of renewable energy by 2026, indicating substantial future growth potential [11] Group 2: Brookfield Renewable - Brookfield Renewable boasts a globally diversified portfolio of clean energy assets, including hydroelectric, solar, wind, and storage [5] - The partnership class of Brookfield Renewable yields around 5%, while the corporate class has a yield of approximately 4.5%, appealing to income-focused investors [12] - The company's strategy involves acquiring renewable power assets at attractive prices, enhancing their value through strong operations, and selling them when favorable [12] Group 3: Dominion Energy - Dominion Energy is currently in a turnaround phase, focusing on strengthening its balance sheet and reducing its dividend payout ratio [7] - The company has a current yield of around 5%, which is higher than the average utility yield of 3.3%, despite having recently cut its dividend [13] - Dominion's regulated operations and exposure to high-demand data center markets provide a reliable earnings growth story, making it attractive for long-term investors [14]
The Ultimate Energy Stock to Buy With $1,000 Right Now
fool.com· 2024-05-26 10:12
The energy sector is undergoing a massive transition. It is switching fuel sources from carbon-based fossil fuels to lower-carbon alternatives. This transition will take decades and trillions of dollars to complete. Few companies are better positioned to capitalize on the decarbonization megatrend than Brookfield Renewable (BEPC 2.63%) (BEP 2.22%). Its globally diversified platform of renewable energy and sustainable solutions is making it the partner of choice for companies looking to decarbonize their ope ...
3 Solar Stocks to Buy Now: May 2024
investorplace.com· 2024-05-25 11:00
The world is shifting to a more environmentally friendly approach, with people looking for solutions such as solar to deal with climate change and decrease carbon footprints. At the end of 2022, the US already had around 3.9 millionphotovoltaic solar power systems. The pace of growth has been an outstanding 37% YOY, and demand only seems to be rising. According to the U.S Energy Information Administration, solar is still and will continue to be the country's fastest-growing renewable energy source due to fa ...
These 2 Dividend Yielders Are The Right Choices For Your Retirement Portfolio
seekingalpha.com· 2024-05-22 14:52
Thomas Barwick/DigitalVision via Getty Images It really depends on each individual situation (e.g., size of the accumulated asset pool, tolerance and appetite for risk, dependency on portfolio income etc.), but the most common objective of having a retirement portfolio is to cover a notable portion of living expenses over the whole duration of retirement. To achieve this objective, obviously, the portfolio size has to be large enough just to make the math work. On top of this, the portfolio has to embody th ...
3 Powerhouse High-Yield Dividend Stocks to Buy Now and Hold for Decades to Come
fool.com· 2024-05-16 09:11
Here's why Brookfield Renewable (BEPC 2.95%) (BEP 4.71%), Vitesse Energy (VTS -0.21%), and Chevron (CVX -0.34%) stand out as three high-yield stocks to buy now. Brookfield Renewable excels at translating green power into generous passive income Scott Levine (Brookfield Renewable): Finding companies with high-yield dividend stocks is easy. Weeding through them, however, and identifying those companies that are in sound financial health and have business models that suggest they can sustain their dividends fo ...