Like Rivian Automotive? You Should Love This High-Powered Renewable Energy Stock
Rivian Automotive (NASDAQ: RIVN) burst on the scene earlier this month. The electric vehicle developer was worth more than $150 billion at one point despite not generating any meaningful revenue. The driving factor is the increasing investor interest in companies working to address climate change.
While Rivian holds lots of promise, it will take some serious sales growth to live up to that valuation. So, investors who like Rivian's potential should love Brookfield Renewable (NYSE: BEPC)(NYSE: BEP). The renewable energy giant has enormous growth potential as it develops renewable energy projects. Because of that, it could create significant value for investors in the coming years.
Image source: Getty Images.
Source Fool.com
