3 Things You Need to Know if You Buy Brookfield Renewable Today
Brookfield Renewable (NYSE: BEPC) is a unique clean energy investment with a generous 4.7% dividend yield. Compare that to the average utility's yield of around 3%, using Utilities Select SPDR ETF as a proxy, or the S 500's scant 1.3% yield. But before you jump on this high-yield renewable power stock, you'll want to understand these three facts.
Brookfield Renewable is a bit unusual in the clean energy space because of the diversity of the assets it owns. For starters, its portfolio includes solar (16% of production) and wind (21%), as you would expect. These are two of the fastest-growing sources of renewable power. But that's not where the story ends, as it would for many other clean energy stocks. Brookfield Renewable's portfolio also increasingly includes storage (9% of production). But the largest exposure by far is in hydroelectric power, which accounts for a whopping 47% of production.
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Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 14 Buy predictions and 1 Sell predictions.
As a result the target price of 42 € shows a slightly positive potential of 4.74% compared to the current price of 40.1 € for Brookfield Corp..
