This 3.5%-Yielding Dividend Stock Will Get a Solar-Powered Boost in the Coming Years
Solar energy is currently a small piece of the revenue pie for Brookfield Renewable (NYSE: BEP). While the renewable energy company is one of the global leaders in capacity, hydroelectric generates the bulk of its power and cash flow at 66% of the total. Wind is a distant second at 27% and solar relatively minor at 7%.
However, solar energy will become an increasingly meaningful cash flow generator for Brookfield Renewable in the future thanks to several recent transactions focused on development. Solar also will be an important source for powering dividend growth.
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Source Fool.com
