Ignore the Green New Deal -- This Renewable Energy Stock Is a Buy, Regardless
A Green New Deal promises to accelerate the country's transition to renewable energy. While neither presidential candidate has come out in favor of the entire plan as proposed, former Vice President Biden does support many of the ideas. Because of that, if he's swept into office along with a blue wave, giving Democrats control of both houses of Congress, some form of the Green New Deal will likely become law, which would provide a jolt to the renewable energy sector.
However, Brookfield Renewable (NYSE: BEP)(NYSE: BEP) should thrive in the coming years, even if that doesn't happen. That's because the leading global renewable energy producer has a plan to grow shareholder value, no matter the outcome of this election.
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Source Fool.com