3 Reasons This Top Renewable-Energy Stock Is Set Up for More Success in 2020
Brookfield Renewable Partners (NYSE: BEP) has been having an amazing year. The renewable-energy company's stock has already skyrocketed a market-pulverizing 78% on the year. Add in its high-yielding dividend, and the total return for investors is approaching 87%.
Several factors helped power Brookfield's strong gains this year. One of the biggest has been its excellent financial performance as its cash flow is up more than 25% year over year. That's due to several things, including its expansion-related initiatives and the actions it has taken to improve the underlying profitability of its existing assets.
The company's success this year has it well-positioned to continue generating strong growth in 2020. That was evident from the three growth-focused investment themes the company's management team discussed on its third-quarter conference call.
Source Fool.com
