The New Energy Stock To Buy?

1 Renewable Energy Stock I'd Buy Right Now; A double-digit decline despite nothing but good news makes this high-yielding clean energy stock an excellent buy right now.

Matthew DiLallo, July 17, 2018 (The Motley Fool)

"Brookfield Renewable Partners (NYSE:BEP) has shed about 12% of its value this year…[after strong numbers at the end of 2017 and solid results in 2018's first quarter…Because of that disconnect, Brookfield tops my list of renewable energy stocks that I'd buy right now…Brookfield Renewable Partners is one of the largest renewable power generating companies in the world. Overall, it owns more than 800 facilities with the capacity to produce 16,300 megawatts…[It has a diversified portfolio of hydroelectric, wind, and solar…[but hydro] is 82% of the total…[It] sells about 92% of the power it generates under long-term contracts, providing the company with very stable cash flow…[allowing it to distribute] roughly 70% of that money to investors …[The stock yielded 6.4% after this year's sell-off and 5% raise…[The company expects a cash flow of] 6% to 11% each year, which would support 5% to 9% annual distribution growth…[With $1.4 billion in liquidity, Brookfield] has ample firepower to continue expanding…[It] wants to invest $600 million to $700 million per year to add high-quality renewable assets to its portfolio…” click here for more

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