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TERP - This High-Yielding Renewable Energy Stock Continues to Shine
TerraForm Power Inc.
Brookfield Renewable Partners(NYSE: BEP) has been actively wheeling and dealing over the past year to bolster both its renewable energy portfolio as well as its balance sheet. Those initiatives paid off during the third quarter as the company delivered significant cash flow growth even though it produced less electricity overall. That success keeps it on track with its plan to continue growing its 4.6%-yielding dividend at a healthy pace for the next several years.