Brookfield Renewable Partners L.P.(BEP)

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3 Top Energy Stocks to Buy as 2024 Draws to a Close
The Motley Fool· 2024-12-01 12:24
Energy stocks are having a solid year. The average one in the S&P 500 was up 14% heading into the year's final month. While that has underperformed the S&P 500, it's a solid showing, considering that oil and gas prices have been weaker this year. Energy demand should continue growing in 2025 and beyond. This means several energy stocks still look like compelling long-term investments as we close out 2024. Black Hills (BKH 0.20%), Western Midstream Partners (WES 2.73%), and Brookfield Renewable (BEP 0.17%) ( ...
2 No-Brainer High-Yield Utility Investments to Buy Right Now
The Motley Fool· 2024-11-30 23:00
The utility sector rallied strongly in 2024, with the average utility stock yield falling from around 3.6% to the current rate of around 2.8%. While that's still better than the 1.2% you would collect from the S&P 500 index, you can do much better.For example, even after a rally, Black Hills Corporation (BKH 0.20%) still yields roughly 4%. And Brookfield Renewable (BEP 0.17%) (BEPC -1.25%) is yielding as much as 5.6%. Here's why each one is a no-brainer buy for income investors.Black Hills is a simple growi ...
Got $1,000? Here Are 3 Great Energy Stocks to Buy Right Now.
The Motley Fool· 2024-11-25 11:16
Industry Overview - The energy industry is at a significant inflection point, transitioning to cleaner energy sources to address climate change and experiencing an expected surge in electricity demand driven by transportation electrification and increased digitalization, particularly from AI data centers [1] Investment Opportunities - Several energy stocks are highlighted as compelling buys, including Brookfield Renewable, Clearway Energy, and NextEra Energy, particularly for investors with $1,000 to invest [2] Brookfield Renewable - Brookfield Renewable is actively selling assets it deems attractive while reinvesting the proceeds into other clean energy investments, maintaining its opportunistic approach [3][4] - The company is leveraging its investment-grade balance sheet to recapitalize struggling businesses and improve their operational performance, leading to an 11% year-over-year growth in funds from operations (FFO) in Q3 2024 [5][6] - Investors can expect a yield of up to 5.6% from Brookfield Renewable, benefiting from its strategic positioning in the growing energy sector [6] Clearway Energy - Clearway Energy has successfully sold thermal assets for over $1.3 billion, reinvesting the capital into higher-return renewable energy projects, which enhances its growth visibility [7][8] - The company anticipates generating approximately $2.08 per share of cash flow available for distribution (CAFD) next year, supporting dividend growth within a target range of 5% to 8% annually [8][9] - Clearway expects to grow its CAFD per share by 7.5% to 12.5% by 2026, which should facilitate a 6.5% dividend increase in that year [9][10] - The company projects a 5% to 8%+ annual growth rate for CAFD per share starting in 2027, maintaining a reasonable payout ratio of 70%-80% [10][11] - Clearway currently offers a 6% yield, indicating that a $1,000 investment could yield $60 annually, with potential for double-digit total annual returns [12] NextEra Energy - The Department of Energy forecasts a 15% to 20% increase in U.S. power demand over the next decade, with clean energy resources expected to meet this demand, positioning NextEra Energy favorably [13] - As the largest utility in the U.S. and the world's leading producer of wind and solar energy, NextEra plans to invest nearly $100 billion from 2024 to 2027 to double its renewables and storage capacity [14][15] - Management projects adjusted earnings per share (EPS) growth of 6% to 8% through 2027 and nearly 10% growth in dividends per share through 2026 [15] - NextEra has historically delivered strong returns, with adjusted EPS and dividends growing nearly 9% and 10%, respectively, from 2003 to 2023, indicating a continuation of this trend [16]
1 Ultra-High-Yield Dividend Stock (I Just Bought) That You Can Buy and Hold for a Decade
The Motley Fool· 2024-11-23 10:18
Mr. Market, a construct of the famous value investor Benjamin Graham, is a fickle individual. Sometimes he offers up opportunities that look attractively priced, only to change his mind far more quickly than you'd expect, running the price right back up again. When shopping for potential investments, I occasionally get access to the attractive price, which is what happened with my investment in WEC Energy (WEC -0.30%). But after the subsequent share price rally over just a few months, I decided to sell the ...
2 No-Brainer Energy Stocks to Buy to Cash in on the Coming Power Surge
The Motley Fool· 2024-11-19 11:46
The U.S. power sector is at an inflection point. After barely growing over the last 20 years, electricity demand in the country is on track to surge over the next two decades. That should power explosive growth in renewable energy. Few companies are in a better position to capitalize on the expected surge in U.S. power demand than NextEra Energy (NEE 0.05%) and Brookfield Renewable (BEPC -0.13%) (BEP -1.07%). That makes them no-brainer stocks to buy to cash in on the resurgence in the U.S. power sectors. Ey ...
Buy The Dip: 6-11% Yields For Growing Retirement Dividend Income
Seeking Alpha· 2024-11-18 12:05
While many investors like to chase the latest hot stocks in the hope that strong recent performance will continue, I take the opposite approach. As a value investor focused primarily on high-yielding dividend stocks ( SCHD ), while the broaderIf you want access to our Portfolios that have crushed the market since inception and all our current Top Picks, join us for a 2-week free trial at High Yield Investor.We are the fastest growing high yield-seeking investment service on Seeking Alpha, with a perfect 5/5 ...
Here Are My Top 2 Dividend Stocks to Buy Now
The Motley Fool· 2024-11-15 11:14
Dividend stocks can be fantastic long-term investments. Over the past 50 years, the average dividend stock in the S&P 500 has outperformed nonpayers by more than 2-to-1. The best returns have come from companies that consistently increase their dividends. There's a long list of great dividend growth stocks. Realty Income (O -1.46%) and Brookfield Renewable (BEP 0.08%) (BEPC 1.37%) currently top my list as the best ones to buy right now. They offer high dividend yields and healthy growth prospects. Those fac ...
This 4.5%-Yielding Dividend Stock Continues to Deliver Powerful Growth
The Motley Fool· 2024-11-10 11:00
Brookfield Renewable expects to continue generating high-powered earnings growth.Brookfield Renewable (BEPC 1.03%) (BEP 0.80%) is a rare investment opportunity. The leading global renewable energy producer offers investors high-powered income and growth. It currently yields around 4.5% (much higher than the S&P 500's 1.5% dividend yield). On top of that, it's growing its earnings at a double-digit rate.The renewable energy dividend stock is expected to continue growing briskly. Combined with its attractive ...
Compared to Estimates, Brookfield Renewable (BEP) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-11-08 17:00
Brookfield Renewable Energy Partners (BEP) reported $804 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 29.1%. EPS of -$0.32 for the same period compares to -$0.14 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $843.18 million, representing a surprise of -4.65%. The company delivered an EPS surprise of -700.00%, with the consensus EPS estimate being -$0.04.While investors closely watch year-over-year changes in headline numbers ...
Brookfield Renewable Partners L.P.(BEP) - 2024 Q3 - Earnings Call Transcript
2024-11-08 15:23
Brookfield Renewable Partners L.P. Limited Partnership Units (NYSE:BEP) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Connor Teskey - Chief Executive Officer Ignacio Gomez-Acebo - Managing Director, Renewable Power & Transition Wyatt Hartley - Chief Financial Officer Conference Call Participants Sean Steuart - TD Securities Robert Hope - Scotiabank Nelson Ng - RBC Capital Markets Rupert Merer - National Bank Mark Jarvi - CIBC William Grippin - UBS Operator Thank you for s ...