Is Brookfield Renewable Stock a Buy?

Clean energy is increasingly the energy of choice for the world, as governments across the globe look to reduce the use of carbon fuels. That positions Brookfield Renewable (NYSE: BEPC) very well for the future, given that its primary focus is owning and operating clean energy assets. Before you hit the buy button, however, you need to understand a few key facts. These include one very important reason you might not want to invest in the stock today.

From a big-picture perspective, Brookfield Renewable is positioned incredibly well to participate in a major long-term global shift taking place in the energy sector. That's the story that most investors hear.

But there's a deeper theme that you need to know. Most notably, Brookfield is unique in that it owns a global fleet of hydroelectric power plants, accounting for around 50% of its revenue. That's an older clean energy technology, and growth options are modest relative to other clean energy technologies. But hydropower is highly reliable, even as a baseload power source, and provides a cornerstone for growth efforts in other areas. 

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Source Fool.com