1 Magnificent High Yield Stock Down 50% to Buy and Hold Forever
Wall Street usually pushes things to extremes, which is something that investors need to understand when they look at the 50% plunge in Brookfield Renewable's (NYSE: BEPC) stock price since early 2021. To be fair, there was likely excess on the way up and on the way down, but what high-yield investors have now is an opportunity. Here's what you need to know.
If you want to understand Brookfield Renewable, you need to start by understanding Brookfield Asset Management (NYSE: BAM). Brookfield Asset Management is a large Canadian Asset manager with an over 100-year history of investing in infrastructure on a global scale.
It created Brookfield Renewable Partners (NYSE: BEP) as a permanent funding vehicle and a way to broaden its reach among smaller investors. It then spun off a separate corporate share class, Brookfield Renewable, to further broaden the appeal of the funding vehicle, since some investors didn't want the headache of owning a partnership.
Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 13 Buy predictions and 1 Sell predictions.
As a result the target price of 43 € shows a slightly positive potential of 1.42% compared to the current price of 42.4 € for Brookfield Corp..
