Is Brookfield Renewable Partners Stock a Buy?
Renewable power is a hot space today, as solar and wind power continue to rapidly expand. That places Brookfield Renewable Partners (NYSE: BEP) in something of a sweet spot, since its entire business is about providing the world with clean energy. Now add in a 4.3% distribution yield, roughly twice what an investor could get from an S&P 500 index fund, and there's even more allure here. But having a good business is just one part of the investing equation; this is also a look at Brookfield Renewable Partners and why you might not want to buy it.
Brookfield Renewable is part of the Brookfield Asset Management family. That Canadian-based asset manager has an over 100-year history of investing in global infrastructure. For much of its life, it used its own money and privately managed cash for others for this investing. More recently, however, it has started to use controlled master limited partnerships (MLPs), allowing individual investors to invest alongside it. Brookfield Renewable Partners is one of those MLPs. This relationship allows the partnership to punch above its $9 billion market cap, since it can partner with its nearly $60 billion market cap parent when inking acquisitions or making investments.
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Source Fool.com
