This High-Yield Dividend Stock Is Down Nearly 50% but Is a Screaming Buy Right Now for Investors Seeking Passive Income
What do you think when you see a product for sale at a steep discount to its past price range? Most people would probably give one of two answers: (1) there's something wrong with the product, or (2) it's a bargain.
I think that Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) is a great example of the latter. This high-yield dividend stock is down nearly 50%. But it's a screaming buy right now for investors seeking passive income.
Brookfield Renewable's share price skyrocketed from 2019 through early 2021. However, it's been mainly downhill for the renewable energy stock since then. What happened?
Source Fool.com
Brookfield Corp. Stock
€38.30
-0.260%
We see a rather positive sentiment for Brookfield Corp. with 14 Buy predictions and 1 Sell predictions.
As a result the target price of 42 € shows a slightly positive potential of 9.66% compared to the current price of 38.3 € for Brookfield Corp..
