Investment Thesis
Brookfield Renewable (BEP) posted strong Q1 2019 earnings with above long-term average power generation. Looking forward, the company should be able to grow its top and bottom lines through (1) its recently announced acquisition in India, (2) its investment in TransAlta Corp. (TAC) in Canada, and (3) its robust development pipeline. The company offers an attractive and growing dividend with a yield of 6.4%. We believe it is a fine choice for dividend growth investors with a long-term investment horizon.
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Recent Developments: Solid Q1 2019
Brookfield Renewable delivered