Brookfield Renewable: Clean Energy Is Not Going Away

2025-03-18 16:50:19 ET

Summary

• Brookfield Renewable hiked its dividend by 5.1% and now offers a healthy 6.56% dividend yield to its unit holders.
• The company is on track to increase projects commissioned annually to 10 GW by 2027 even as investor sentiment towards clean energy continues to dip.
• BEPH remains a buy on a 37% discount to their $25 per note liquidation value and a 7.34% yield on cost.

Take a cursory glance through the financial media and the doom and gloom for clean energy is tangible. This ranges from the suspension of offshore wind development permits by the 47th president to pending cutbacks to the 2022 Inflation Reduction Act from the rising specter of the Department of Government Efficiency. Brookfield Renewable Partners L.P. ( BEP ) has seen its total returns come up flat over the last year in response to a sustained selloff since October. The company is inversely correlated to long-term rates with the selloff since October reflecting a material spike in the US 10-year Treasury yield....

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