2024-09-07 00:55:45 ET
Summary
- Brookfield Renewable Partners operates in the high-growth green energy sector, with significant renewable energy assets and promising likelihood for future capacity expansion, supported by favourable policies.
- What it lacks in past price performance, BEP has more than made up for in total returns, owing to its FFO growth and aim to increase distributions annually.
- Even though its net loss and higher EV/EBITDA compared to similar stocks can work against it for now, over the longer term it's still an attractive investing opportunity.
With decarbonisation urgently required to ensure climatic stability, green finance has naturally become a high growth sector. According to Arup and Oxford Economics research, it will be a USD 152 billion opportunity by 2050, growing by 7.2x from 2020. This underlines the potential for the Canadian investor in renewable energy Brookfield Renewable Partners ( BEP ), with over USD 100 billion in AUM (see Slide 5 of the link)....
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4 Reasons Brookfield Renewable Partners Has Positive Long-Term Prospects
