Companies and governments worldwide invest significant money into sustainable, clean energy sources. The primary recipients of this money are manufacturers and producers that create technology to fuel this evolution. This in turn leads to some incredible renewable energy stocks. The three stocks on this list are leading the charge and making considerable investments. This position themselves at the forefront of the renewable energy market. Countries and large corporations have set ambitious goals for their ...

Renewable-energy stocks have been under considerable pressure over the past couple of years. Surging interest rates have boosted borrowing costs, making it more expensive for many of these companies to fund new development projects. This has caused some concerns about their near-term growth prospects.Those worries have weighed on the shares of NextEra Energy (NEE 2.77%), Brookfield Renewable (BEPC -0.51%) (BEP -1.03%), and Clearway Energy (CWEN 1.99%) (CWEN.A 2.19%), even though they've reaffirmed their gro ...

Financial Performance - Funds From Operations at the wind business was $108 million, up from $101 million in the prior year, driven by newly acquired facilities and inflation indexation [80]. - Utility-scale solar business reported Funds From Operations of $114 million, an increase from $85 million, attributed to newly commissioned facilities and higher market prices in Spain [87]. - Revenue from utility-scale solar operations decreased to $125 million in 2023 from $146 million in 2022, while Adjusted EBITDA increased to $101 million from $84 million [82]. - Hydroelectric business achieved Funds From Operations of $504 million, compared to $472 million in the prior year, supported by higher average revenue per MWh and favorable generation [113]. - Total cash flows from operating activities for the year ended December 31, 2023, totaled $1,603 million, an increase from $1,284 million in 2022 [98]. - Net income for 2023 was $308 million, a significant decrease from $1,850 million in 2022 [121]. - Funds From Operations increased to $716 million in 2023, up from $612 million in 2022 [121]. - Adjusted EBITDA for 2023 was $259 million, reflecting a decrease from previous periods [139]. - The company reported a total net loss of $(502) million for Q4 2023, contrasting with a net income of $1,370 million in Q3 2023 [165]. - The company reported a net loss attributable to Unitholders of $100 million for 2023, an improvement from a loss of $295 million in 2022 [163]. Cash Flow and Liquidity - The company maintains a strong liquidity position with $1,975 million in Subordinated Credit Facilities and a $400 million revolving credit facility [123]. - The company has $2.38 billion of committed revolving credit facilities available for investments and acquisitions [97]. - The company had available group liquidity of $4.1 billion as of December 31, 2023 [148]. - Operating cash flow provided was $1,603 million in 2023, compared to $1,284 million in 2022 [128]. Debt and Financing - Total interest expense for the company was $900 million, reflecting the costs associated with various financing activities [120]. - Total debt principal repayments scheduled for 2024 amount to $474 million, with a total of $6,199 million due thereafter [126]. - Total borrowings rose to $29,702 million in 2023, up from $24,850 million in 2022 [163]. - The debt-to-total capitalization ratio was 40% in 2023, compared to 39% in 2022 [163]. - The company expects to finance future acquisitions and capital expenditures through cash generated from operations, capital recycling, debt, and potential equity issuances, but rising interest rates in 2023 may increase the cost of capital [230]. Operational Performance - Generation for utility-scale solar operations increased to 886 GWh in 2023 from 753 GWh in 2022 [82]. - The total generation for the year ended December 31, 2023, was 69,704 GWh, compared to 63,036 GWh in 2022 [163]. - Proportionate Adjusted EBITDA for 2023 was $2,182 million, an increase from $2,002 million in 2022 [163]. - The company invested $1,028 million in property, plant, and equipment during 2023, including a 1,200 MW utility-scale solar facility in Brazil [159]. Market and Regulatory Risks - Legislative changes may impose anti-dumping and countervailing duties on solar cells and modules imported to the U.S., potentially increasing equipment costs and impacting project timelines [245]. - The company faces risks related to the political sensitivity of its nuclear services business, which could affect customer operations and public perception of nuclear power [245]. - Significant increases in water rental costs or changes in water supply regulations could adversely affect the company's financial condition and cash flow [247]. - The company is exposed to various risks in South America, including political instability and potential changes in tax regulations that could negatively impact operations [252]. Corporate Governance and Compliance - Brookfield Holders collectively hold approximately 81.2% voting interest in the company, allowing substantial influence over director appointments and company operations [256]. - The partnership pays an annual base management fee of $20 million to the Service Provider, adjusted annually for inflation, plus 1.25% of the market value exceeding an initial reference value [257]. - The company has filed a report on the effectiveness of its internal control over financial reporting as required by the Sarbanes-Oxley Act [260]. - The company continues to focus on maintaining compliance with regulatory requirements and enhancing internal controls [260]. Future Outlook and Strategy - The company has a twenty-year capital plan to ensure maximum asset life and is focused on renewable energy sources to meet future demand growth [183]. - The company is positioned to capitalize on decarbonization opportunities and may pursue acquisitions in energy transition investments, including nuclear services and renewable natural gas [231]. - The company’s operations include hydroelectric, wind, utility solar, and nuclear services across North and South America, Europe, and Asia, with a development pipeline focused on renewable energy and carbon capture projects [231].

Brookfield Renewable Corporation (NYSE:BEPC) Q4 2023 Earnings Conference Call February 2, 2024 9:00 AM ET Company Participants Connor Teskey - President, Brookfield Asset Management; Chief Executive Officer, Renewable Power & Transition Stephen Gallagher - Chief Executive Officer, Brookfield Renewable U.S. Wyatt Hartley - Managing Partner and Chief Financial Officer, Renewable Power & Transition Conference Call Participants Sean Steuart - TD Securities Robert Hope - Scotiabank Rupert Merer - National Bank F ...

| --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|--------------------|--------|-------|--------------------|---------| | UNAUDITED \n(MILLIONS, EXCEPT AS NOTED) | | | December 31 \n2023 | 2022 | | December 31 \n2023 | 2022 | | Revenues | $ | | 1,323 $ | 1,196 | $ | 5,038 $ | 4,711 | | Other income | | | 468 | 29 | | 671 | 136 | ...

The global economy is steadily shifting fuel sources. Because of that, the energy industry is in transition. It's working to supply the fossil fuels the world needs today while investing in the lower-carbon energy it will require in the future.Given that direction, the best energy stocks to hold for the long haul are those focused on a lower-carbon future. Brookfield Renewable (BEPC -1.06%) (BEP -1.03%), Enbridge (ENB 0.62%), and Southern Company (SO -0.19%) stand out for their growing low-carbon businesses ...

Brookfield Renewable Corporation (NYSE:BEPC) Q3 2023 Results Conference Call November 3, 2023 8:30 AM ET Company Participants Connor Teskey - President, Brookfield Asset Management; CEO Renewable Power & Transition Jenny Li - Vice President Wyatt Hartley - Managing Partner, Renewable Power & Transition Conference Call Participants Sean Steuart - TD Securities Robert Hope - Scotiabank David Quezada - Raymond James Rupert Merer - National Bank Operator Good day and thank you for standing by. Welcome to the Br ...

BROOKFIELD, News, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) ("Brookfield Renewable Partners", "BEP") today reported financial results for the three and nine months ended September 30, 2023. We were successful in our growth activities this quarter, signing transactions for $2.2 billion of equity investment ($450 million net to Brookfield Renewable) alongside our institutional partners, taking advantage of our access to scale capital and opportunities in the ...

2023 INTERIM CONSOLIDATED FINANCIAL STATEMENTS AND NOTES BROOKFIELD RENEWABLE CORPORATION BROOKFIELD RENEWABLE CORPORATION The accompanying notes are an integral part of these interim consolidated financial statements. Direct operating costs exclude depreciation expense disclosed below. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) BROOKFIELD RENEWABLE CORPORATION Brookfield AS AT JUNE 30, 2023 AND DECEMBER 31, 2022 AND FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022 | --- | --- | --- | - ...

Brookfield Renewable Corporation (NYSE:BEPC) Q2 2023 Earnings Conference Call August 4, 2023 8:30 AM ET Company Participants Connor Teskey - President, Brookfield Asset Management; CEO Renewable Power & Transition Jehangir Vevaina - Managing Partner, Renewable Power & Transition Wyatt Hartley - Managing Partner, Renewable Power & Transition Conference Call Participants Sean Steuart - TD Securities Rupert Merer - National Bank Financial Robert Hope - Scotiabank David Quezada - Raymond James Andrew Kuske - Cr ...