My Top Renewable Energy Stock to Buy in December
Renewable energy stocks certainly had a terrific 2020. As the year draws to a close, several top renewables stocks look set to crush the S&P 500 Index's return for the year. Whether you missed adding to your renewables portfolio or you simply want to grow it further, now could be a good time to do so. Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) would be a great addition to your portfolio. Let's see why.
Brookfield Renewable is one of the world's largest renewable energy companies with operations across North and South America, Europe, and Asia. Its operations are diversified across all major renewable sources, including hydropower, wind, and solar, though nearly two-thirds of its portfolio is hydropower. That mix may, however, change soon, considering Brookfield's tilt toward solar energy. It recently announced a major agreement to acquire all of Exelon's distributed solar assets.
Brookfield Renewable has done an impressive job of growing its revenues over the years. In addition to organic growth, the company has made numerous asset acquisitions to fuel this growth.
Source Fool.com
