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) is a top contender. Despite being down from its 2021 highs due to shifting sentiment towards renewable energy infrastructure, the company offers a "buying the dip" moment for long-term investors.
The business is built on clean power assets, making it an attractive option.
With interest rates rising, inflation pushing up costs, and investors questioning growth timing, the drop in stock price presents a potential buying opportunity.
Author's summary: Brookfield Renewable is undervalued with growth potential.