The energy sector is undergoing a massive transition. It is switching fuel sources from carbon-based fossil fuels to lower-carbon alternatives. This transition will take decades and trillions of dollars to complete.

Few companies are better positioned to capitalize on the decarbonization megatrend than Brookfield Renewable (NYSE: BEPC)(NYSE: BEP). Its globally diversified platform of renewable energy and sustainable solutions is making it the partner of choice for companies looking to decarbonize their operations. These catalysts should power robust growth and total returns for the company's investors, making it the ultimate energy stock to buy right now.

Brookfield Renewable is one of the world's largest publicly traded renewable energy and decarbonization solutions companies. It operates a globally diversified portfolio of hydro, wind, solar, and sustainable solutions. It generates very stable cash flow by selling renewable energy to customers under long-term power purchase agreements (PPAs).

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Source Fool.com