300% More Clean Energy Equals a Big Growth Opportunity for This High Yield Stock

Group 1: Industry Overview - The world is transitioning from carbon-based fuels to cleaner energy alternatives, a process that historically takes decades to complete [1] - There is a growing concern about the environmental impact of burning carbon fuels, leading to increased favor for solar, wind, and other clean energy sources [2] - Clean energy sources in the U.S. are expected to see a 300% growth from 2020 to 2050, with significant growth anticipated in solar, wind, and battery storage [4] Group 2: Company Analysis - NextEra Energy - NextEra Energy operates a regulated utility in Florida and has a diversified renewable power business, making it a strong option for dividend growth investors [5] - The company has a 31-year streak of annual dividend increases, a current yield of 3%, and a 10% annualized dividend growth rate over the past decade [5][10] Group 3: Company Analysis - Brookfield Renewable - Brookfield Renewable, managed by Brookfield Asset Management, focuses on the renewable power sector with a diversified portfolio including hydroelectric, solar, wind, storage, and nuclear [6][8] - The company offers two investment options: partnership class shares with a 6.1% yield and corporate class shares with a 5% yield, both paying the same dollar value dividend [9] - Brookfield Renewable aims to increase its dividend between 5% and 9% each year, making it attractive for income-focused investors [9][10] Group 4: Investment Considerations - Brookfield Renewable presents a long runway for growth due to the gradual nature of energy transitions, combined with its high dividend yield [11] - Investors seeking to maximize income may find Brookfield Renewable's higher yield more appealing compared to NextEra Energy's growth rate [10]