BEPC - Bull Market Buys: 2 Growth Stocks to Own for the Long Run
2024-05-25 05:40:00 ET
Stocks have been riding a strong bull market over the past year. The S&P 500 is up more than 25% over the last 12 months. It could have further to run as emerging growth catalysts like artificial intelligence (AI) could give this bull market even more power to continue rallying.
Most stocks have already risen sharply during this bull market. However, Brookfield Renewable (NYSE: BEPC) (NYSE: BEP) and its sibling Brookfield Infrastructure (NYSE: BIPC) (NYSE: BIP) stand out because they haven't yet taken flight. Their shares are down double digits over the past year, even though powerful catalysts are driving brisk growth, which should continue. That makes them great stocks to buy for the long run amid the current bull market.
Brookfield Renewable is growing at a respectable clip. The leading global renewable energy company's funds from operations ( FFO ) per share rose about 8% in the first quarter. However, it expects growth to accelerate to a 10%+ annual pace.
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Bull Market Buys: 2 Growth Stocks to Own for the Long Run