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 and which will fall further.
Brookfield Renewable Partners (TSX:BEP.UN) is a growing opportunity that belongs at the top of the list, despite being down from its 2021 highs due to shifting sentiment towards renewable energy infrastructure.
The drop in stock price can offer a "buying the dip" moment for long-term investors, as the business is built on clean power assets.
the Canadian stock is down from its 2021 highs as the sentiment toward renewable energy infrastructure has shifted.
Author's summary: Brookfield Renewable is undervalued and offers growth potential.