TERP - This High-Yield Renewable Energy Stock Wants to Supercharge Its Growth Prospects
Brookfield Renewable Partners (NYSE: BEP) is coming off one of its best years ever as the renewable energy company produced an eye-popping total return of 91% in 2019. While that will be tough to top this year, the company is doing everything in its power to continue to create value for investors. That's leading it to make a bid to acquire the rest of TerraForm Power (NASDAQ: TERP) that it doesn't currently own in a deal that would enhance its footprint and boost its per-share results.
Here's a closer look at what this deal would mean for investors in both companies.
Image source: Getty Images.