TERP - Brookfield Renewable: Several Acquisitions Should Help Improve Its Growth Outlook
Investment Thesis
Brookfield Renewable (BEP) (TSX:BEP.UN) posted a weak Q4 2019 earnings with below long-term average power generation due to weather related factors. Looking forward, the company’s acquisition of 50% interest of X-Elio should add a rich development pipeline to grow its solar renewable energy portfolio. Its recently announced acquisition of the remaining 38% stake of TerraForm Power (TERP) should also expand its power generation capacity by over 8%. The company currently pays a growing 5%-yielding dividend and has the potential to deliver a total return of 27.4% by the end