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TERP - This High-Yielding Renewable Energy Company's Earnings Aren't Feeling a Pandemic Impact
TerraForm Power Inc.
With the COVID-19 outbreak shutting down large swaths of the global economy, electricity demand has tumbled. Renewable energy, however, has been largely immune to this impact because of contractual obligations and other factors. As a result, major renewable energy producers like Brookfield Renewable Partners(NYSE: BEP) haven't felt much impact from the current global recession, which was clear from its first-quarter earnings report on May 6.