Amid escalating geopolitical flashpoints, a clear lesson is emerging for western economies, which may lead to a renaissance for alternative energy stocks. The world continues to run on hydrocarbons and that might not change in the foreseeable future. Still, potential disruptions force a discussion for backup plans.Currently, tensions in the Middle East have resulted in two nations exchanging missile attacks. For now, both sides appear to want to cool the temperature. Nevertheless, a miscalculation could sen ...

These companies can help supercharge my passive income.I love to collect passive income. There's just something special about getting paid for work someone else did. My goal is to eventually generate enough passive income so I don't have to work.Part of my strategy is to invest in stocks with higher dividend yields since they enable me to generate more income for every dollar I invest. I try to invest a little money each month so that I can steadily make progress toward my goal. I plan to buy shares of a fe ...

Energy stocks have gotten off to a blistering start to 2024. The average energy stock has gained more than 12.5%, as measured by the Energy Select Sector SPDR ETF. That outpaced the equally red-hot S&P 500's 10.2% gain. However, there are still some compelling opportunities in the sector. Enbridge (ENB 0.53%) and Brookfield Renewable (BEPC 0.61%) (BEP 0.35%) stand out as two of the top energy stocks to buy this April. Here's why they could fuel high-octane total returns from here.Getting better by the dealE ...

Quality dividend stocks may be overlooked in today's high-flying market. But when the market eventually sells off, collecting a steady stream of passive income without the need to sell shares of stock at a lower price will feel great.Three Motley Fool contributors were thinking of passive income from stocks when they chose Nike (NKE -6.90%), Whirpool (WHR -0.79%), and Brookfield Renewable (BEPC 1.00%) (BEP 2.04%) as dividend stocks that are down over the last year despite the broader S&P 500 rally.By Invest ...

Renewable energy stocks may be a controversial idea for some folks. After all, the concept of green solutions sometimes conjures up images of tree-hugging activists disrupting various commercial activities. Some investors may not want to support such hooliganism.At the same time, society is changing. In particular, more people – especially the younger generations – care about eco-friendly strategies than prior generations. One study pointed out that three out of four Generation Z consumers prioritize sustai ...

President Biden has taken a very strong approach towards the renewable energy goals. He has announced several tax credits for renewable energy companies. The president has committed to increasing renewable energy production on land and water, which has given a boost to renewable energy stocks across the country. While 2023 saw a slowdown in the industry, the upcoming election could give a push to the sector, and we could see more grants and subsidies from the government. These grants will ultimately benefit ...

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].

Financial Data and Key Metrics Changes - The company reported record funds from operations (FFO) of $1.1 billion or $1.67 per unit, a 7% increase year-over-year, although slightly below the target of 10% growth due to delayed transaction closings [28][29] - FFO for Q4 2023 was $0.38, representing a 9% year-over-year increase [28] - The annual distribution was increased by over 5% to $1.42 per unit, marking the 13th consecutive year of at least 5% annual distribution growth [16] Business Line Data and Key Metrics Changes - The company delivered almost 5,000 megawatts of new capacity in 2023, up from 3,500 megawatts in 2022 [14] - The advanced stage pipeline is de-risked, with over 25% of the next three years' planned capacity already under construction [15] Market Data and Key Metrics Changes - The demand for clean energy is driven by the growth of cloud computing and AI, with technology companies committing to 100% clean energy targets and increasing their consumption by approximately 50% per annum [19][24] - The company signed contracts to provide over 60 terawatt hours of power to large technology companies over the past two years, with expectations for significant increases in the coming years [25] Company Strategy and Development Direction - The company aims to achieve over $7 billion to $8 billion in capital deployment over the next five years, focusing on organic growth and acquisitions [13] - The strategy includes building a leading global development platform and enhancing corporate power marketing capabilities to meet the needs of large technology companies [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving over 10% FFO per unit growth in 2024 and beyond, supported by a robust development pipeline and strong cash flows [15] - The company remains focused on delivering long-term total returns of 12% to 15% for investors while maintaining disciplined capital allocation [34] Other Important Information - The company executed almost $15 billion in non-recourse financings, generating nearly $500 million in upfinancing proceeds [30] - The company is actively exploring opportunities in offshore wind investments, indicating a shift in market conditions that may allow for more favorable investment profiles [80] Q&A Session Summary Question: Can you provide perspective on price terms in the corporate PPA environment? - Management noted that there is significantly more corporate offtake demand than ready-to-build projects, allowing for preservation or enhancement of development margins [41][42] Question: How do you expect the concentration of datacenters to evolve? - Management highlighted the importance of co-locating datacenters near power generation and emphasized their strong relationships with corporate off-takers to meet demand [44][45] Question: How is the company thinking about capital allocation in 2024? - Management indicated that the stabilization in interest rates has increased the number of interested parties in the market, leading to expectations of active transaction activity in 2024 [71][72] Question: What is the company's approach to solar panel manufacturing? - The company is involved in solar panel manufacturing through a structured investment in Avaada Energy, primarily focusing on renewable power development [90][92] Question: How does the company view the impact of the U.S. election on the energy transition? - Management stated that corporate demand drives the energy transition more than government policy, suggesting that political changes will not significantly disrupt growth trends [101][102]