You Might Be Surprised to Learn Where This Renewable Energy Company Gets 60% of Its Profit
Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) operates one of the world's largest renewable power platforms. It has more than 31 gigawatts (GWs) of capacity. That's enough clean power to offset the carbon emissions of a country the size of France.
The company's extensive clean power portfolio generates lots of free cash flow ($840 million in funds from operations (FFO) through the third quarter of last year). That gives it money to pay an attractive dividend (currently yielding 4.8%) and invest in its continued growth. What might come as a surprise in a time when the wind and sun are the dominant producers of renewable energy is that 60% of its earnings come from hydropower.
Brookfield Renewable has a globally diversified portfolio of renewable energy assets. It owns hydro, wind energy, utility-scale solar, distributed energy (e.g., rooftop solar), and sustainable solutions across North America, South America, Asia, and Europe. However, while it's very diversified, hydroelectric is its biggest moneymaker:
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 9.66% for Brookfield Corp. compared to the current price of 38.3 €.
