Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) has underperformed the market this year. Shares have lost about 4% of their value compared to a nearly 19% gain by the S 500. Meanwhile, they're down 25% from their 52-week high.

The decline gives investors a great entry point into the renewable-energy giant. They can lock in a dividend yielding more than 5% that should grow at a healthy rate over the next several years, powered by robust earnings growth. That should give it the power to continue producing strong total returns over the longer term.

Despite its slumping stock price, Brookfield Renewable is having another excellent year. Its funds from operations (FFO) were up by 7% per share in the third quarter, powered by its strong operations and newly completed development projects. Meanwhile, the company recently closed several acquisitions (X-Elio, Deriva Energy, and Westinghouse Electric). These deals will add significant incremental FFO starting in the current quarter. They put Brookfield in a position to "continue to deliver on our decade long track record of 10%+ FFO per unit annual growth," stated CEO Connor Teskey in the Q3 earnings release.

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Source Fool.com