TerraForm Power's Buyout Provides Blueprint for 8point3 Energy Partners
Brookfield Asset Management (NYSE: BAM) will close on its acquisition of a controlling interest and sponsor stake in TerraForm Power (NASDAQ: TERP) next Monday. The deal will give stability to TerraForm Power's finances and provide a steady stream of projects for it to buy, which should allow for dividend growth over the long term.
The deal may provide a blueprint for how a sale of First Solar and SunPower's sponsor stake in 8point3 Energy Partners (NASDAQ: CAFD) could lead to a rising stock price for long-term investors.
A carport at Kern, which was built by SunPower and is now owned by 8point3 Energy Partners. Image source: SunPower.
Source: Fool.com
Brookfield Corp. Stock
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At the moment Brookfield Corp. has reached the predicted target price of 43 €, with a current price of 42.7 €.
