Down 30% and Still Growing its Payout: 1 Canadian Stock I'd Snap Up
Brookfield Renewable looks undervalued, with massive scale, inflation‑linked contracts, and U.S. policy tailwinds that could drive steady income and multi‑year growth.
When seeking investment opportunities, it can be challenging to decide which companies will rise to the top. However, Brookfield Renewable Partners (TSX:BEP.UN) stands out as a growing opportunity.
The Canadian stock has dropped from its 2021 highs due to shifting sentiment toward renewable energy infrastructure, rising interest rates, and increased costs. Despite this, the decline presents a "buying the dip" moment for long-term investors.
The business is built on clean power assets, making it an attractive option.
the drop can offer a “buying the dip” moment
Author's summary: Brookfield Renewable is undervalued and offers growth potential.
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