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Brookfield Renewable Partners Non Voting Units BEP

Alternate Symbol(s):  T.BEP.UN | BRENF | T.BEP.PR.G | T.BEP.PR.M | T.BEP.PR.R

Brookfield Renewable Partners L.P. is a Bermuda-based globally diversified, multi-technology, owner and operator of clean energy and sustainable solutions assets. The Company’s segments include hydroelectric, wind, utility-scale solar and distributed energy, and storage, which includes distributed generation and pumped storage, sustainable solutions, and corporate. Its sustainable solutions include renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation. It has approximately 33,000 megawatts of renewable power operating capacity and an approximately 155,000-megawatt development pipeline. The Company’s portfolio of sustainable solutions includes investment in businesses with an operating portfolio of 47 thousand metric tons per annum of carbon capture and storage, three million Metric Million British thermal units of agricultural renewable natural gas. It is also engaged in the nuclear service business.


NYSE:BEP - Post by User

Post by retiredcfon Sep 09, 2021 10:23am
264 Views
Post# 33830816

More Motley Fool

More Motley Fool

The 3 Best Canadian Stocks to Buy in September 2021

September and October have traditionally been rocky months for Canadian stocks. Yet, so far that has not proven to be the case. The S&P/TSX Composite Index just set new all-time highs over 20,800 points! While it appears stocks could keep going up forever, I am starting to get a little bit more cautious about valuations.

Cheap capital is keeping stocks elevated, but will it last?

Low interest rates and cheap capital have meant most people have no choice but to invest in stocks for decent, inflation-adjusted returns. I can never time the market properly, so I like to combat potential market volatility by diversifying my portfolio and thinking long-term.

Owning a bit of income, defence, and value all seem to make sense right now. Here are three Canadian stocks that could meet each of those criteria in September.

A defensive stock: Brookfield Renewable Partners

If you want to get a little more defensive and lower your exposure to carbon-related energy, Brookfield Renewable Partners (TSX:BEP.UN)(NYSE:BEP) is a solid Canadian stock to own. It operates 21,000 megawatts (MW) of hydro, wind, solar, distributed generation, and battery power across the world. Its large diversified portfolio helps offset some of the variability involved in renewable power generation.

As a result, it can consistently grow its cash flows and dividend rate. It has over 30,000 MWs of projects in its development pipeline. Many of these are contracted with governments or massive carbon-sensitive corporations (like Amazon.comFacebook, etc.). This Canadian stock pays a 2.9% dividend, but that is only a piece of the 12-15% annual total returns that it targets.

 
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