BIPC - 2 Extraordinary Growth Stocks to Buy at a Discount
2023-04-29 11:33:00 ET
Investors typically pay a premium for stocks that are growing at above-average rates. They're willing to pay a higher price now for a company they believe will be even more valuable in the future as it expands its earnings.
However, not all growth stocks trade at premium valuations . Brookfield Infrastructure Partners (NYSE: BIP) (NYSE: BIPC) and NextEra Energy Partners (NYSE: NEP) trade at a discount to the broader market even though they're growing at well-above-average rates. That makes them look like compelling investment opportunities right now.
Brookfield Infrastructure has an excellent growth track record. The global infrastructure operator has grown its funds from operations ( FFO ) per unit at an 11% compound annual rate over the past decade. That has supported a 9% compound annual growth rate for its distribution.
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2 Extraordinary Growth Stocks to Buy at a Discount