ReNew Energy Global plc T.RNW

Primary Symbol: RNW

Utilities Utilities - Independent Power Producers

ReNew Energy Global Plc is a United Kingdom-based company. The Company is a utility-scale renewable energy solutions providers in India. It operates wind, solar, and hydro energy projects. It provides clean energy solutions and value-added energy offerings through digitalization, storage, and carbon market services. It carries out business activities relating to the generation of power through non-conventional and renewable energy sources through ReNew Power Private Limited and its subsidiaries. It has primarily two reportable segments, namely wind power and solar power. Its wind power segment operates utility-scale wind energy projects in India and solar power segment operates its utility-scale and distributed solar energy projects in India. Other operations of the Company primarily include the sale of electricity from Hydro power and construction and maintenance of transmission lines. It offers a total commissioned capacity of 7.98 GW and an additional 5.72 GW of committed capacity.

NDAQ:RNW - Post by User

ReNew Energy Global plc

Bullboard Posts

Post by Kittydayon Nov 01, 2018 5:19pm

140 Views

Post# 28910908

2 Clean Energy Stocks Yielding Over 8.5%

Dividend stocks that offer strong growth potential can give investors the best of both worlds. And by looking at what will be in demand in the years and decades to come, you can get a good sense of which stocks will likely have the potential to achieve a lot of growth.

As the world focuses on climate-related issues and greener initiatives, companies that provide clean energy will likely see a lot of sales growth over the years. While they still might be expensive today, over time we’ll likely see greater efficiency as they become more popular and more cost-effective options for consumers.

Below are two stocks that could be great long-term options for investors, as they focus on clean energy and currently pay dividends of over 8.5%.

TransAlta Renewables Inc (TSX:RNW) has over 40 facilities spread across North America and Australia, with the bulk of those being wind-powered operations. While the company does have some gas facilities, in total, 34 of its facilities generate renewable sources of energy.

Despite a strong profile with a lot of clean energy, the stock just hasn’t received the excitement from investors that you may have expected. Over the past year, its share price has declined around 20% and in three years has shown little increase in value.

A big part of this is undoubtedly a result of the company’s soft financials. In 2017, TransAlta Renewables generated a net income of just $9 million, which was up from a $2 million loss the year before that.

The good news, however, is that the company has been generating stronger results lately, with TransAlta Renewables averaging a profit margin of 46% over the past three quarters. If the company can continue building on those impressive results, then it won’t be long before the stock starts to rally, as it’s a good buy trading near its book value.

TransAlta Renewables currently pay investors a dividend of around 8.6%, with payments being made on a monthly basis.

moticone 3D
To read more, go to:
https://www.fool.ca/2018/11/01/2-clean-energy-stocks-yielding-over-8-5/