This Wealth-Creating Dividend Stock Swings and Misses at a Big Acquisition. Is It Still Worth Buying?
Brookfield Renewable (NYSE: BEPC) (NYSE: BEP) fell short in its attempt to win shareholder approval for its takeover of Australian utility Origin Energy. The global renewable energy producer was working with several partners to take that company private to accelerate its transition to lower-carbon energy. The deal would have helped move the needle for Brookfield by providing near-term cash flow and long-term growth potential.
However, the company is now evaluating its options, which could see it walk away from the proposed transaction. Here's a look at whether the likely failed acquisition is an investment thesis-breaking event.
A Brookfield-led consortium agreed to buy Origin Energy for $10.6 billion in March. The company planned to split that company in two. Brookfield and its partners would acquire the energy markets business.
Source Fool.com
Brookfield Corp. Stock
With 14 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 42 € there is a slightly positive potential of 10.53% for Brookfield Corp. compared to the current price of 38.0 €.
