3 No-Brainer Energy Stocks to Buy Right Now
The U.S. is going to need a lot more electricity in the coming years. Demand drivers such as artificial inteligence (AI) data centers, the onshoring of manufacturing, and the electrification of everything will power a 55% surge in electricity Demand by 2040, according to some estimates. Given the continued concerns surrounding climate change, this power will need to come from cleaner sources, including renewables, natural gas, and nuclear.
This forecast makes energy companies focused on supporting growing electricity demand look like no-brainer investments right now. Three leaders in the sector are Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), Enbridge (NYSE: ENB), and NextEra Energy (NYSE: NEE). Given their exposure to the power megatrend, they could produce strong total returns in the coming years.
Brookfield Renewable is a leading global renewable energy and sustainable solutions company. It has a diversified portfolio of renewable assets, consisting of hydro, wind, and solar, and investments in nuclear services, solar panel manufacturing, and biofuel production. Those assets produce very stable cash flow, giving Brookfield the funds to pay an attractive 5.5% dividend while investing heavily in growing its platforms.
Source Fool.com
Brookfield Corp. Stock
Currently there is a rather positive sentiment for Brookfield Corp. with 17 Buy predictions and 6 Sell predictions.
With a target price of 57 € there is a positive potential of 44.01% for Brookfield Corp. compared to the current price of 39.58 €.
