TERP - This Renewable Energy Stock's Future Is Now Even Brighter
Brookfield Renewable Partners (NYSE: BEP) has done an amazing job creating value for investors over its 20-year history. It has routinely generated market-beating total returns, powered by its dual focus of growing its cash flow and its dividend.
One of the keys to its success has been acquiring cash-flowing renewable energy assets to expand its portfolio and grow its cash flow. It recently sealed its latest such transaction by agreeing to buy the rest of TerraForm Power (NASDAQ: TERP) that it didn't already own. That deal will enhance its scale, positioning it for continued growth in the coming years.
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