Where Will Brookfield Renewable Partners Be in 1 Year?
Renewable power is the big story in the utility space, and Brookfield Renewable Partners (NYSE: BEP) is poised to take advantage of the trend. And when you combine its position in energy with the assist it gains from having the experienced Brookfield Asset Management (NYSE: BAM) as its parent company, and factor in a distribution currently yielding 4.7%, this is a stock that investors of all types should be ready to take a close look at. Here's what is going on at Brookfield Renewable Partners that's so exciting today.
There's a lot to like about Brookfield Renewable Partners, but one of its most appealing features is also its most boring business -- hydroelectric power. This is, perhaps, the oldest form of renewable power, but it's also one of the most reliable. Water levels have an impact on it, but largely it just keeps going and going without fail, which makes it usable as a base-load power source. Hydroelectric accounts for roughly 75% of the partnership's generating capacity today.
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Source Fool.com
