1 Growth Stock Down 20% to Buy Right Now
Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) has been a great growth stock over the years. The renewable energy producer has grown its funds from operation (FFO) by an average of 10% per share each year over the last decade. Add in its steadily rising dividend, and Brookfield has generated 14% total annualized returns, outpacing the S&P 500's 13.3% total returns during that timeframe.
Brookfield could grow even faster over the next decade. That makes it look like a great growth stock to buy these days, especially since its stock price has fallen 20% from its peak.
Brookfield Renewable has four growth drivers that could power up to 20% annual FFO per share growth through at least 2027. These include:
Source Fool.com
