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TERP - This High-Yielding Renewable Energy Company Continues Generating Solid Results
TerraForm Power Inc.
Brookfield Renewable Partners(NYSE: BEP) produced less power during the fourth quarter because of weaker resource conditions over the year-ago period. Those headwinds, which affected its hydro, wind, and solar platforms to varying degrees, caused its cash flow to decline from the year-ago period.
However, while the fourth quarter was a weaker one for the renewable energy company, it still delivered exceptional results for the full year. So it's well positioned to continue creating value for its investors over the long term.