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TAC - Could Brookfield Renewable Partners Be a Millionaire-Maker Stock?
TransAlta Corporation
Brookfield Renewable Partners(NYSE: BEP) has been a compounding machine since its formation about two decades ago. From inception through the end of 2019, the renewable energy producer generated an annualized total return of 18%, which pulverized the S&P 500's 6% annualized total return during that period. Some of its early investors are well on their way to becoming millionaires.
Here's a look at whether the company could do the same for those who invest today.