Core Viewpoint - The S&P 500 index currently offers a low yield of approximately 1.3%, prompting investors to consider high-yield stocks such as Enbridge, WEC Energy, and Brookfield Renewable for better returns [1] Enbridge - Enbridge has increased its dividend for 29 consecutive years, supported by an investment-grade-rated balance sheet and a distributable-cash-flow payout ratio within the management's target of 60% to 70% [2] - The current dividend yield for Enbridge is 7.4%, which is expected to be the primary source of returns, with modest growth anticipated over time [2][5] - The company primarily generates revenue from its pipelines, which account for about 75% of its EBITDA, ensuring consistent cash flows [5] WEC Energy - WEC Energy offers a dividend yield of 4.1%, significantly above the utility industry average of approximately 3.2% [3] - The company has a history of increasing its dividend for 21 years at an annualized rate of 7%, which is double the historical growth rate of inflation, enhancing the buying power of its dividends [6] - Management projects earnings growth of 6.5% to 7% through at least 2028, indicating that dividend growth will likely align with earnings growth [3] Brookfield Renewable - Brookfield Renewable offers a yield of 5.4% for partnership units and 4.7% for corporate shares, focusing on the clean energy sector [7] - The company is positioned to benefit from the long-term transition from carbon-based power to renewable energy sources, suggesting significant growth potential [7] - Brookfield Renewable operates like an investment company, actively buying and selling assets, which allows smaller investors to participate in its deals [4] Summary of Investment Opportunities - Enbridge, WEC Energy, and Brookfield Renewable all provide above-market yields and robust business models, making them attractive options for investors seeking reliable dividend income [8]

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 ...

Core Viewpoint - Brookfield Renewable's stock price has significantly declined, yet it continues to provide reliable dividend growth, making it an attractive option for long-term dividend investors [4][9][10]. Group 1: Company Overview - Brookfield Renewable is closely associated with Brookfield Asset Management, a Canadian asset manager with over 100 years of experience in global infrastructure investments [2][6]. - The company employs an asset management-like approach, focusing on acquiring undervalued assets, improving them, and reinvesting the generated cash into new assets [3][7]. Group 2: Financial Performance - Brookfield Renewable offers a corporate share class with a yield of 4.5% and a partnership version with a yield of 5.2%, both of which are higher than the Dow Jones Utilities Select Index's yield of 3.33% [4][10]. - The distribution for Brookfield Renewable Partners has increased at a compound annual rate of approximately 6% over the past two decades, aligning with management's target growth range of 5% to 9% per year [13]. Group 3: Market Position and Strategy - The steep decline in Brookfield Renewable's stock price, approximately 50% since early 2021, presents a potential opportunity for high-yield investors [10][14]. - Unlike regulated utilities, Brookfield Renewable actively manages a diverse portfolio of renewable energy assets, which may appeal to certain investors seeking exposure to clean energy [12].

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].

Core Viewpoint - Brookfield Renewable is leveraging a capital recycling strategy to enhance growth and dividend payouts, exemplified by the acquisition of Neoen following the divestment of Saeta Yield [1][3][10]. Group 1: Capital Recycling Strategy - The capital recycling strategy allows Brookfield Renewable to reduce reliance on volatile capital markets for funding deals, thereby enhancing per-share increases [1][4]. - The company has successfully executed this strategy in the past, such as acquiring Saeta Yield through TerraForm Power, which was purchased for approximately $1.2 billion [6]. - Brookfield plans to sell its thermal plants, which will generate cash for reinvestment into new opportunities [12]. Group 2: Growth and Earnings Projections - The acquisition of Neoen, valued at $6.5 billion, is expected to significantly enhance Brookfield's earnings and dividend growth potential [8][20]. - The company anticipates a 4% to 7% increase in funds from operations (FFO) per share through 2028, driven by inflation escalations and margin enhancements [9]. - Brookfield expects to achieve annual FFO per share increases of over 10% through mergers and acquisitions, while primarily relying on capital recycling [15]. Group 3: Dividend Performance - Brookfield Renewable has a strong track record of dividend payments, having increased its payout by at least 5% annually for 13 consecutive years, with a current yield around 5% [16]. - The company believes that its growth strategies will enable it to meet its annual dividend growth target range of 5% to 9% [21]. Group 4: Project Pipeline and Development - Brookfield has a substantial pipeline of advanced development projects totaling about 20 GW across various regions, which will complement its existing 157 GW of projects globally [20]. - Internally funded development projects are expected to contribute an additional 3% to 5% to the company's bottom line each year [21].

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 ...

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 ...