This 4.5% Yielding Stock Could Be an Excellent Bull Market Buy
Brookfield Renewable Partners (NYSE: BEP) is a large and diversified developer of clean energy. It offers investors an attractive 4.5% yield, and it has increased its dividend annually for more than a decade. But there's a key aspect of its business that investors need to understand, and a bull market would likely help a lot.
There are really two parts to Brookfield Renewable Partners' business. Part one is the partnership's current operating portfolio of assets with capacity to produce 32 gigawatts of clean energy. The assets backing this are spread across various clean energy markets. The core is the hydroelectric business, which made up 53% of cash flows in 2022. This is a highly reliable technology with a long operating history, and it's suitable for base-load power because it is, basically, constantly running. It's the foundation on which Brookfield Renewable has built the rest of its clean energy portfolio.
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Source Fool.com
