RE:The Motley Fool The Motley Fool comment for today:
Because both Northland and Brookfield Renewable Partners are such excellent investments in addition to being so reliable, you almost certainly won’t find them trading ultra-cheap. However, there are opportunities to buy these stocks at a discount, such as in today’s environment.
Northland is trading almost 19% off its high. In addition, the stock has a forward EV-to-EBITDA ratio of 11.5 times today. That’s below its three-year average of 13.4 times.
Therefore, while these two top renewable energy stocks with highly defensive operations trade at attractive discounts, they are some of the best and most reliable long-term growth stocks to buy for your portfolio in this environment.