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Is Brookfield Renewable Partners a Buy?

TheMotleyFool

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Oil and gas stocks are so last year (at least, that's when lots of investors wish they'd sold their oil and gas stocks). With plenty of volatility in oil prices, renewable energy stocks are looking a lot more attractive to investors.

One top renewable energy pick is recent outperformer Brookfield Renewable Partners (NYSE: BEP). Managed by the capable team at Brookfield Asset Management (NYSE: BAM), Brookfield Renewable's unit price growth has skunked the market over the last three years -- up 51.3%, compared to just 23.8% for the S&P 500. And that's without factoring in its handsome yield.

But when a price rockets up so fast, it could be overvalued. Let's look closer and see if Brookfield Renewable still looks like a buy.

Source Fool.com

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